Model N, Inc.
TypePublic
NYSE: MODN
Russell 2000 Component
FoundedDecember 1999 (1999-12)
Headquarters
San Mateo, California
,
U.S.
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]
Websitewww.modeln.com

Model N, Inc. is a public American software company founded in 1999 and is 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. 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. 1 2 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.
  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.
  3. 1 2 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.
  4. ↑ "Model N jumps in 1st day on NYSE". Associated Press. 20 Mar 2013. Archived from the original on 29 March 2015.
  5. ↑ "Model N Appoints Jason Blessing as Chief Executive Officer". 8 May 2018.
  6. ↑ "Leadership".

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

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