Model N (company)
Template:Short description Script error: No such module "Infobox".Template:Template otherTemplate:Main otherScript error: No such module "Check for clobbered parameters".Script error: No such module "Check for unknown parameters". 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. The company went public in 2013 and was taken private by Vista Equity Partners in 2024.
History
Zack Rinat, the co-developer of NetDynamics Application Server, left Sun Microsystems to found Model N in 1999.[1]
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. 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 Template:Currency million.[3][4] Venture capital firm Accel-KKR backed the initial public offering.[3]
In 2024, Vista Equity Partners announced that it would take the company private in a $1.25 billion deal.[5]
Corporate governance
In May 2018, Jason Blessing was announced as Model N's president and chief executive officer (CEO).[6][7]
References
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- Software companies based in California
- Software companies established in 1999
- Companies based in San Mateo, California
- Software companies of the United States
- 1999 establishments in California
- 2013 initial public offerings
- 2024 mergers and acquisitions
- Companies formerly listed on the New York Stock Exchange
- Private equity portfolio companies
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