Model N, a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, announced the completion of its acquisition by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, for $30.00 per share in cash in a transaction that values the Company at approximately $1.25 billion. With the completion of the transaction, Model N’s common stock ceased trading, and the Company is no longer listed on the New York Stock Exchange.
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“This is an exciting milestone in Model N’s history and a testament to the hard work of our incredible team,” said Jason Blessing, Model N President and Chief Executive Officer. “With Vista’s partnership and as a privately-held company, we will have the ability to take a longer-term view on our business and be in a stronger position to deliver on our strategy and our goals. We look forward to these new and exciting possibilities for our business and are confident that Model N is well positioned for the future.”
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“Model N provides mission-critical solutions to some of the most innovative companies in the world by helping to optimize highly complex and highly regulated commercialization processes,” said Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director. “We are thrilled to welcome Model N to Vista’s portfolio and our investment ecosystem as it begins its next phase as a private company.”
