SAN MATEO, Calif.– Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced that it has completed its acquisition of Deloitte’s life sciences pricing and contracting solutions business and underlying technology.
With the acquisition, Model N has broadened its portfolio to better serve life sciences companies from pre-commercial to the largest enterprises in the world, deepened its domain expertise, and strengthened its offering by adding purpose-built, cloud-native software. In addition to increasing Model N’s addressable market, the acquisition will immediately provide cross-sell opportunities to customers of all sizes.
“This is an exciting acquisition for Model N not only because of the sizable expansion of our TAM but also because of the talented team of employees, complementary technology and significant customer base,” said Jason Blessing, president and chief executive officer of Model N. “With the addition of Deloitte’s cloud software and expert services solution, we can serve the entire life sciences market from pre-commercial to large enterprises. We now offer a complete range of revenue management solutions that support our customers as they move through various stages of development.”
Model N acquired Deloitte’s life sciences pricing and contracting solutions business and underlying technology for approximately $60 million in cash.
