The opening of our European office is an important milestone for the company, which has grown revenue 70% year over year for the last three years
Redwood Shores, CA (PRWEB) September 10, 2007
Model N, Inc., the leader in Revenue Management solutions, today announced the launch of European operations with the opening of its headquarters in London. With a proven track record of providing Revenue Management applications tailored towards the particular requirements of Life Science and High Tech organizations, Model N is now poised to support the global implementation of Model N solutions among its multinational customers as well as attract new business in the growing European marketplace.
The urgency to eliminate revenue leakage and reduce compliance risk in today's global economy is compelling business leaders to deploy systems that improve visibility and control over their revenue and settlements across various sales channels. Model N's Revenue Management suite enables finance and sales executives to manage the entire revenue life cycle, from planning pricing strategies and enforcing contract policies to ensuring regulatory and commercial compliance. As existing customers expand their deployments to overseas business units and other enterprises start to adopt these innovative solutions, establishing local operations will allow Model N and its partners to fulfill the growing demand for Revenue Management solutions and deliver hands-on, personalized support to its European customer base.
Model N's European headquarters in London will be headed by industry veteran Niels Skov, who will serve as Managing Director, Europe. Niels most recently served as Vice President of Value Engineering at SAP Europe, where he helped the company's largest and most strategic customers increase the business value of their SAP solutions. Prior to SAP, he worked at Siebel Systems, where he focused on strengthening relationships with customers and partners. Niels holds an MBA from INSEAD in Fontainebleau, France.
"This is an exciting time to join Model N," said Niels. "The company has led the way in defining the Revenue Management software category through visionary leadership, world-class engineering, and by building committed partnerships. Model N's accelerating customer momentum is a sound endorsement of its vertical strategy and how well its solutions integrate with legacy ERP and CRM systems. I welcome the opportunity to lead the company's success in Europe."
"The opening of our European office is an important milestone for the company, which has grown revenue 70% year over year for the last three years," said Zack Rinat, Model N Founder and CEO. "Revenue Management is a mission-critical business requirement that transcends boundaries and establishing a strong European presence is an important step forward for us in continuing our strong revenue growth trajectory. Niels' experience and proven ability to understand and solve business problems for global enterprises will enable us to forge new customer partnerships in the European market."
About Model N
Model N is the leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing strategy and execution, contracts, compliance, rebates, fees and charge-backs optimized for the industry practices of Life Sciences and High Tech companies. Enabling the creation of a seamless, end-to-end process from price setting through settlements payment, Model N's uniquely integrated approach eliminates revenue leakage and delivers the visibility and controls needed to avoid the risks of non-compliance to government reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific Corporation; Bristol-Myers Squibb Company; Cypress Semiconductor Corporation; Intersil Corporation; Linear Technology Corporation; Medtronic, Inc.; Microchip Technology, Inc.; Micron Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; ON Semiconductor, Inc. and Pfizer, Inc. Model N is located in Redwood Shores, California. For additional information, visit http://www.modeln.com.