Model N Welcomes New Senior Leadership and a New Board Member

Model N, Inc. (NYSE: MODN), the leading provider of cloud revenue management solutions to pharmaceutical, medical device, high-tech manufacturing, and semiconductor companies, today announced new additions to its Board of Directors and leadership team.

Beginning with the appointment of Jason Blessing as the company’s CEO in May, Model N has been strategically adding top leadership with deep experience in transforming, growing, and scaling enterprise SaaS businesses. The new team members have extensive experience at top companies that have been leaders in their markets.

“Our new leaders will strengthen our leadership team and help to guide Model N as we complete our transition to a SaaS business model. These new appointments bring broad expertise in how to build great teams, and how-to architect and deliver software as a service,” said Blessing.

Model N announces the following new senior leadership appointments:

• Dave Yarnold, member, board of directors. Dave has more than 30 years of executive leadership in the enterprise software business. Most recently, he was the CEO of ServiceMax, a cloud-based field service software application, which he sold to GE Digital in January 2017 for $1B. Prior, as Vice President of Global Sales at Successfactors, he scaled total contract bookings from $5 million to $200 million as the company grew from 93 to 1,750 customers.
• Laura Selig, Chief People Officer. Laura brings 20 years of HR experience, including 10 years of senior leadership experience at Visa, SnapLogic and Couchbase. At Model N, she is responsible for talent acquisition and retention, employee learning and development, and culture initiatives to enhance the company’s reputation as a great place to work.
• Rehmann Rayani, Vice President, Corporate Strategy. Rehmann brings 15 years of experience in enterprise software and technology as a general manager, consultant, and investor. Rehmann spent the past 4 years at Plex Systems in a variety of senior management roles. Most recently, Rehmann ran Plex’s Supply Chain Business Unit as General Manager and previously served as Plex’s VP of Corporate Strategy during a period of business model transformation and high sustained growth.
• Raghavan Krishnan, Vice President Cloud Engineering & Operations. Most recently, Raghavan served as Vice President Cloud Operations at Oracle for more than five years. While there, he led the automation efforts for the cloud network infrastructure, launched direct connectivity cloud services, and transitioned towards cloud-native delivery of SaaS. He built the technical organization during five years at Sezmi Corporation, and spent six years in engineering roles at eBay.

“This is an exciting time in Model N’s history and I have a lot of respect for the company’s mission and direction. It exemplifies a company focused on delivering value to their core markets and taking a thoughtful approach to scale,” said Dave Yarnold, Board Member. “I’m ready to share the breadth of my experience to help Model N succeed.”

For more information, please visit www.modeln.com

About Model N

Model N is the leader in revenue management solutions. Driving mission-critical business processes such as configure, price and quote (CPQ), contract and rebate management, business intelligence, and regulatory compliance, Model N solutions transform the revenue lifecycle from a series of disjointed operations into a strategic end-to-end process. With deep industry expertise, Model N supports the complex business needs of the world’s leading brands in pharmaceutical, medical device, high-tech manufacturing, and semiconductor across more than 100 countries, including Johnson & Johnson, AstraZeneca, Novartis, Microchip Technology and ON Semiconductor. For more information, visit www.modeln.com. Model N® is the registered trademark of Model N, Inc. Any other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.

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