Model N (company)
| Company type | Public |
|---|---|
| |
| Founded | December 1999 |
| Headquarters | , U.S. |
Area served | Worldwide |
Key people |
|
| Revenue |  US$249 million (2023)[1] |
Number of employees | 1,089 (2023)[1] |
| Website | modeln |
Model N, Inc. is an American software company founded in 1999 and headquartered in San Mateo, California. The company offers revenue management software technology and life sciences companies.
History[edit]
Zack Rinat, the co-developer of NetDynamics Application Server, left Sun Microsystems to found Model N in 1999.[2]
In 2004, the company added a Medicaid Claims Processing application to its Revenue Management Suite main product.[3]
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. 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 million.[4][5] Venture capital firm Accel-KKR backed the initial public offering.[4]
In 2024, Vista Equity Partners announced that it would take the company private in a $1.25 billion deal.[6]
Corporate governance[edit]
In May 2018, Jason Blessing was announced as Model N's president and chief executive officer (CEO).[7][8]
References[edit]
- ^ a b "FY 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 17 November 2023.
- ^ Owens, Jeremy C. (20 March 2013). "Redwood City software firm Model N gets an 'A' in IPO, stock shoots higher". The Mercury News.
- ^ Staff (18 Oct 2004). "Model N Medicaid Claims Processing announced". Biotech Business Week. United States: NewsRx. Archived from the original on 29 March 2015.
- ^ a b Owens, Jeremy C (20 Mar 2013). "Redwood City Software Firm Model N Gets an 'A' in IPO, Stock Shoots Higher". Oakland Tribune. Archived from the original on 29 March 2015.
- ^ "Model N jumps in 1st day on NYSE". Associated Press. 20 Mar 2013. Archived from the original on 29 March 2015.
- ^ "Model N signs $1.25 bln go-private deal with Vista Equity". Reuters. 8 April 2024.
- ^ "Model N Appoints Jason Blessing as Chief Executive Officer" (Press release). 8 May 2018.
- ^ "Leadership".