Software firm to drive Revenue Optimisation Solutions for Life Sciences and Hi-Tech Companies
IndiGlobal Bureau
HYDERABAD: Model N, a US based Software company specialising in revenue optimisation and compliance solutions, inaugurated its new Centre this week in Hyderabad. The 70,000 square foot Model N facility will be housing 500 employees initially.
The company also announced plans to expand its man power by increasing its focus on diversity and inclusion, as well as productising new solutions that accelerate revenue optimisation and compliance for life sciences and hi-tech companies.
Jayesh Ranjan, Principal Secretary for IT, Government of Telangana, and Jason Blessing, President & CEO, Model N, and officials from the Model N leadership team were present
The Model N Centre in Hyderabad is instrumental to bringing new product innovations to market, such as State Price Transparency Management (SPTM) and 340B solutions that help pharmaceutical manufacturers manage the fluid drug pricing regulation and management landscape.
Model N Expansion in Hyderabad
“We welcome Model N to the fast-growing global IT hub of the world,” said Jayesh Ranjan. “Their presence reaffirms Hyderabad’s growth, and its ability to attract start-ups, venture capital firms, OEMs, policymakers, think tanks, and global technology companies,” the Principal Secretary added.
“Our state-of-the-art facility in India is a key driver of our business strategy and is highly valued within Model N’s worldwide operations,” said Jason Blessing. “We aim to keep investing in India, and our target is to keep increasing our engineering talent pool in Hyderabad.”
Continuing to Transform Revenue Optimization and Compliance
To date, 2022 has been a transformational year for Model N, with 70% of its customer base now being on its SaaS platform. Looking ahead, the company aims to drive profitable growth and complete Model N’s transition into a cloud-based company, as well as continue to innovate for its customers.