Model N Founder, Zack Rinat, Reassumes CEO Role

REDWOOD CITY, CA--(Marketwired - November 15, 2016) - Model N, Inc. (NYSE: MODN), the leading provider of cloud-based Revenue Management solutions to life science, technology and manufacturing companies, today announced that Zack Rinat, Model N's founder and Executive Chairman of the Board of Directors, will reassume the role of Chief Executive Officer on an interim basis, effective immediately. Zack succeeds Ed Sander, who is leaving the company.

"We are pleased to have Zack reassume the role of CEO," said Charles Robel, Model N's Lead Independent Director. "Zack led Model N for 16 years and has deep understanding of our market, our strategy and our customers. The Board of Directors has full confidence in Zack and the executive leadership team to enhance execution, better capitalize on the market opportunity for cloud-based revenue management, and drive Model N to long-term profitable growth. On behalf of the entire company, we would like to thank Ed for his service to Model N."

"I am incredibly passionate about Model N," commented Zack Rinat. "I look forward to working with the entire team to drive success for our customers, partners, employees and shareholders. We have made excellent progress on the transition of our business model to SaaS and recurring revenue, and we have leading cloud solutions that transform how revenue management is done in the industries that we serve. This is a very strong foundation from which to restore growth for the long-term, and enhance our path to profitability."

Zack has served as the Chairman of the Model N Board of Directors since the company's inception in December 1999 and as the company's Chief Executive Officer until February 2016. Zack is an experienced software executive and entrepreneur. He holds an MBA from Harvard Business School and a BA in computer science from the Technion (Israel Institute of Technology).

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 life sciences, technology and manufacturing across more than 100 countries, including Johnson & Johnson, AstraZeneca, Boston Scientific, Novartis, Microchip Technology and ON Semiconductor. For more information, visit

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.

Investor Relations Contact:
  ICR for Model N
 Staci Mortenson

Media Contact:
Email Contact

Review Article Be the first to review this article

New Customer Special

Featured Video
Latest Blog Posts
Colin WallsEmbedded Software
by Colin Walls
Time for a new programming paradigm?
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automatic Handling of Register Clock Domain Crossings
Modesto (Mo) CasasGlobal Business in EDA
by Modesto (Mo) Casas
Globalizing Sales in a COVID-19 Environment
Graduate Hardware Engineer for arm at Austin, Texas
Senior Application Engineer Formal Verification for EDA Careers at San Jose and Austin, California
Product Line Manager for EDA Careers at Multiple, North Carolina
Upcoming Events
DVCon Europe 2020 Virtual at Germany - Oct 27 - 28, 2020
SystemC Evolution Day at Germany - Oct 29, 2020
2020 International Conference On Computer Aided Design at San Diego Mission Bay Resort San Diego CA - Nov 2 - 5, 2020

© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise