Model N (company)

Model N, Inc.
Public
Traded as NYSE: MODN
Russell 2000 Component
Founded 1999 (1999)
Headquarters San Mateo, California, United States
Area served
 Worldwide
Key people
  • Jason Blessing (President & CEO)
  • David Barter (CFO)
  • Russ Mellott (CRO)
  • Charles Robel (Chairman of the Board)
Revenue US$154,000,000 (2018)[1]
Number of employees
 830 (2018)[1]
Website www.modeln.com

Model N, Inc. is a public American software company founded in 1999 and headquartered in San Mateo, California. The name "Model N" refers to "model next", as in 'the next big thing', according to founder Zack Rinat.[1] The company's focus is on revenue management software, based on developments by Rinat,[2] initially for pharmaceutical and medical device companies.[3]

History

In 2004, the company added a Medicaid Claims Processing application to its Revenue Management Suite main product, making it the "first Medicaid solution integrated with commercial revenue management".[4]

In the spring of 2006, Model N completed an acquisition of Azerity, a software company that focused on pricing and quoting practices for the high tech industry. Due to this acquisition, Model N serves high tech customers such as ON Semiconductor and Dell. In early 2012, Model N acquired LeapFrogRX, an analytics company based in Waltham, Massachusetts.

In 2013, the company went public under the New York Stock Exchange ticker symbol MODN, raising about US$100,000,000.[2][5] Venture capital firm Accel-KKR backed the initial public offering.[2]

In November 2013, Model N released CPQ (Configure Price Quote) software Revvy CPQ, now called Model N CPQ. <ref= "https://www.modeln.com/products/revenue-cloud/configure-price-quote-cpq/">

As of 2014, customers of Model N include Merck, Amgen, Johnson & Johnson among pharmaceutical companies; and Dell, Nokia and VMware among technology companies.[1] Model N is also a provider of revenue management solutions for about 1 in 5 semiconductor companies globally.[6]

Corporate governance

Model N's founder is Zack Rinat.[3] In 2018, Jason Blessing was announced as president and chief executive officer (CEO), replacing Rinat.[7] Model N's Chief Financial Officer is David Barter.

Notes[8]

    References

    1. 1 2 3 4 Johnson, Steve (7 Nov 2014). "Q&A: Zack Rinat, Chairman and CEO of Model N". Oakland Tribune – via HighBeam Research.
    2. 1 2 3 Owens, Jeremy C (20 Mar 2013). "Redwood City Software Firm Model N Gets an 'A' in IPO, Stock Shoots Higher". Oakland Tribune – via HighBeam Research.
    3. 1 2 Staff (16 May 2014). "Model N Appoints New CFO and Chief Marketing Officer". Manufacturing Close-Up. United States: Close-Up Media – via HighBeam Research.
    4. ↑ Staff (18 Oct 2004). "Model N Medicaid Claims Processing announced". Biotech Business Week. United States: NewsRx – via HighBeam Research.
    5. ↑ "Model N jumps in 1st day on NYSE". Associated Press. 20 Mar 2013 – via HighBeam Research.
    6. ↑ By Dean Takahashi, VentureBeat. “After a tumultuous year of consolidation, what comes next for the semiconductor industry?.” May 29, 2016. Retrieved June 1, 2016.
    7. ↑ https://www.businesswire.com/news/home/20180508006577/en/Model-Appoints-Jason-Blessing-Chief-Executive-Officer
    8. ↑ https://www.modeln.com/company/leadership/

    Coordinates: 37°32′13″N 122°15′30″W / 37.537°N 122.2584°W / 37.537; -122.2584

    This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.