Model N Announces New Chief Product Officer

Model N, Inc. (NYSE: MODN), the leading provider of cloud revenue management solutions for the pharmaceutical, medical device, high-tech manufacturing and semiconductor industries, today announced that Suresh Kannan will join as Chief Product Officer on September 30, 2019. Mr. Kannan brings more than 25 years of experience in engineering, product management, and general management at leading companies such as IBM, Oracle and IQVIA.

"We are thrilled to have Suresh join Model N as our Chief Product Officer," said Jason Blessing, Chief Executive Officer at Model N. "His broad product experience, combined with his deep knowledge of the verticals we serve, makes him uniquely qualified to lead our product organization. Suresh is a results-oriented, entrepreneurial executive with strong operational skills and I am confident that our product organization will continue to flourish and grow under his leadership."

"I am very pleased to be joining the Model N team," said Kannan. "I've worked in the same ecosystem as Model N for over 13 years. I'm excited to join the company to drive product strategy and innovation moving forward, and look forward to continuing to deliver on the mission-critical solutions that Model N provides."

Kannan has more than 25 years of experience in enterprise software. Most recently, he was a General Manager at IQVIA where he led all functions for IQVIA's Content Management Solutions business. Prior to that, he served as Vice President of Product Development at IMS Health, DecisionView, and QuintilesIMS. After graduating from NIT, Kannan started his career as a senior engineer at IBM and then Oracle where he led global product engineering and was a founding member of the Oracle Business Intelligence products.

To ensure a smooth transition, Neeraj Gokhale will remain with the company in an advisory capacity for the next six months. "On a personal note, I would like to thank Neeraj for his contributions to Model N over the last two years and for supporting this transition," said Blessing. "We wish him all the best in his next endeavor."

About Model N

Model N is a leading provider of cloud revenue management solutions for life sciences and high tech companies. Driving mission-critical business processes such as pricing, quoting, contracting, regulatory compliance, rebates and incentives, our software helps companies know and grow their true top line and maximize every revenue moment at speed and scale. With deep industry expertise, Model N supports the complex business needs of the world's leading brands in pharmaceutical, medical technology, semiconductor, and high-tech manufacturing across more than 100 countries, including Johnson & Johnson, AstraZeneca, Novartis, Microchip Technology and ON Semiconductor. For more information, visit www.modeln.com.