Type Public Founded 1999 (1999) Area served Worldwide CEO Zack Rinat | Traded as NYSE: MODN Founder Zack Rinat Revenue 100 million USD (2014) Number of employees 600 (2014) | |
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Key people Edward Sander (CEO)
Mark Tisdel (CFO)
Chris Larsen (CRO)
Amelia Generalis (SVP HR)
Zack Rinat (Chairman)
Charles Robel (Lead Director) Stock price MODN (NYSE) US$ 10.25 0.00 (0.00%)14 Mar, 4:02 PM GMT-4 - Disclaimer Headquarters Redwood Shores, California, United States Profiles | ||
Model N, Inc. is a public American software company founded in 1999 and headquartered in Redwood City, California. The name "Model N" refers to "model next", as in 'the next big thing', according to founder Zack Rinat. The company's focus is on revenue management software, based on developments by Rinat, initially for pharmaceutical and medical device companies.
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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".
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. Venture capital firm Accel-KKR backed the initial public offering.
In November of 2013, Model N released CPQ (Configure Price Quote) software known as REVVY CPQ.
As of 2014, customers of Model N include Merck, Amgen, Johnson & Johnson among pharmaceutical companies; and Dell, Nokia and VMware among technology companies. Model N is also a provider of revenue management solutions for about 1 in 5 semiconductor companies globally.
Corporate governance
Model N's founder and executive chairman is Zack Rinat. In 2016, Edward Sander was announced as chief executive officer (CEO), replacing Rinat. In 2014, Mark Tisdel and Shail Khiyara were appointed to the posts of chief financial officer (CFO) and chief marketing officer (CMO), respectively. Tisdel replaces CFO Sujan Jain. As of 2014, Charles Robel is the company's lead director, and Sarah Friar is among the directors.
Zack Rinat
Zack Rinat was born around 1959 and has served as a commander in the "Israeli special-forces". Prior to founding Model N, Rinat co-founded the software company NetDynamics, which was purchased by Sun Microsystems in 1998.