Key Highlights
- Model N acquired by Vista Equity Partners for $1.25 billion.
- Transaction includes $30.00 per share in cash.
- Model N’s stock ceases trading on NYSE.
- Acquisition enhances long-term strategic opportunities.
Source: Business Wire
Notable Quotes
- “This is an exciting milestone in Model N’s history and a testament to the hard work of our incredible team. 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.” — Jason Blessing, President and CEO at Model N
- “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. 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.” — Michael Fosnaugh, Senior Managing Director and Co-Head of the Flagship Fund at Vista Equity Partners
SoHC's Take
The acquisition of Model N by Vista Equity Partners marks a significant strategic move in the enterprise software market. By transitioning to a privately-held company, Model N can leverage Vista’s substantial resources and expertise to drive long-term growth and innovation. This move is poised to enhance Model N’s ability to deliver advanced revenue optimization and compliance solutions, particularly benefiting the pharmaceutical, medtech, and high-tech sectors. Vista’s investment further underscores the critical role that Model N plays in optimizing complex commercialization processes for leading global innovators.
