Model N Expands on the East Coast by Opening a New Office in Princeton, New Jersey

Model N Expands on the East Coast by Opening a New Office in Princeton, New Jersey

East Coast Expansion Enables Model N to Provide Enhanced Service for Local Life Science Customers and Prospects

SOUTH SAN FRANCISCO, Calif., Jan. 31 /PRNewswire/ -- Model N, Inc. today announced that it has opened a new office in Princeton, New Jersey. This office will accommodate the company's growing sales and services teams that are working closely with east coast-based Life Science prospects and clients. Model N's corporate headquarters will remain in South San Francisco, CA.

"Most U.S.-based Life Science companies are headquartered in either New Jersey or New York, and although we've had an East Coast-based workforce for years, our accelerating growth in 2004 has justified an expanded presence with our new anchor office in Princeton," said Steve Zocchi, vice president of sales and marketing for Model N. "By adding sales, field marketing and professional services personnel and expanding our footprint in New Jersey, we will position ourselves take full advantage of the tremendous customer interest and need for Revenue Management solutions, while managing our growing business with current customers and ensuring the ongoing delivery of service levels they expect."

Model N currently has approximately 100 employees who work in the South San Francisco headquarters location or remotely from around the world. The new Princeton office is intended to provide office space for sales, field marketing and professional services personnel, some of whom will relocate to New Jersey from Northern California. In addition, there are plans in place to hire additional employees to double the size of the Princeton office by the end of Calendar year 2005 in order to manage major customer implementations planned and underway both managed by Model N directly and those led by top Systems Integrators which Model N has developed strategic relationships with.

"We're literally located down the street from several of our customers," said Barbara Competello, senior director and engagement manager for Model N. "Having an expanded presence and a full-service office in the heart of where all of these companies are headquartered means that we can respond immediately and in-person. This is a tremendous plus for our customers, and knowing that kind of personal attention is there makes Model N even more attractive to prospects."

About Model N

Model N is the leader in Revenue Management, offering an integrated suite of applications for pricing, contracts, compliance, rebates, fees and chargebacks optimized for the industry practices of Life Science companies. Enabling the creation of a seamless, end-to-end process from pricing 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 pricing and Sarbanes-Oxley regulations. Model N customers include Ortho-Clinical Diagnostics, a Johnson & Johnson company; C.R. Bard, Inc.; Pfizer, Inc.; and Reliant Pharmaceuticals, Inc. Model N is located in South San Francisco, CA. For additional information, visit www.modeln.com.

NOTE: Model N is a mark of Model N, Inc. All other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.


Source: Model N, Inc.

CONTACT: Laurie Gibson of B3 Communications, Inc., +1-650-969-0764, or
lgibson@b3communications.com, for Model N

Web site: http://www.modeln.com/


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