Model N (company)

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Model N, Inc.
TypePublic
NYSE: MODN
Russell 2000 Component
Founded1999 (1999)
Headquarters
San Mateo, California
,
United States
Area served
Worldwide
Key people
  • Jason Blessing (President & CEO)
  • Chris Lyon (CRO)
  • Baljit “Bal” Dail (Chairman of the Board)
RevenueUS$154,000,000 (2018)[1]
Number of employees
830 (2018)[1]

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'.

History[]

In 2004, the company added a Medicaid Claims Processing application to its Revenue Management Suite main product.[2]

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.[3][4] Venture capital firm Accel-KKR backed the initial public offering.[3]

Corporate governance[]

In May 2018, Jason Blessing was announced as Model N's president and chief executive officer (CEO).[5] [6]

References[]

  1. ^ a b Johnson, Steve (7 Nov 2014). "Q&A: Zack Rinat, Chairman and CEO of Model N". Oakland Tribune. Archived from the original on 29 March 2015 – via HighBeam Research.
  2. ^ Staff (18 Oct 2004). "Model N Medicaid Claims Processing announced". Biotech Business Week. United States: NewsRx. Archived from the original on 29 March 2015 – via HighBeam Research.
  3. ^ 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 – via HighBeam Research.
  4. ^ "Model N jumps in 1st day on NYSE". Associated Press. 20 Mar 2013. Archived from the original on 29 March 2015 – via HighBeam Research.
  5. ^ https://www.businesswire.com/news/home/20180508006577/en/Model-Appoints-Jason-Blessing-Chief-Executive-Officer
  6. ^ 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

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