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Model N , a program used by companies such as Johnson & Johnson , AstraZeneca , and AMD to automate decisions relate to pricing , incentives , and compliance , isgoing private in a $ 1.25 billion dealwith private fairness house Vista Equity Partners . The acquisition underline how PE house stay to scoop up technical school companies that have scramble to do well in public securities industry in the last couple of years .
Vista Equity is doling out $ 30 per share in the all - cash transaction , representing a 12 % premium on Friday ’s closing price , and 16 % on its 30 - 24-hour interval norm .
This is Vista Equity ’s 5th such acquisition in the past 18 months , following Avalara ( $ 8.4 billion ) ; KnowBe4($4.6 billion ) ; Duck Creek Technologies ( $ 2.6 billion ) ; and EngageSmart ( $ 4 billion ) .
Founded in 1999 , Model N ’s software integrates with various data sources and interior organisation to help oneself companies analyze trends , pricing efficacy , market place requirement , and more . The platform is typically used in manufacture such as pharmaceutical and life sciences , where there may be complex pricing structures , and where regulatory or market change can impact commercial enterprise .
The San Mateo - headquarter companywent publicon the New York Stock Exchange ( NYSE ) in 2013 , and it has generally performed well in the intervening year — specially since around 2019 , when its market place crownwork steady started to increase , hitting an all - time high school of $ 1.6 billion last year . However , its evaluation has by and large hovered below the $ 1 billion market for the preceding six months , sparking Vista Equity Partners into action today .
Vista said that it gestate the transaction to fill up in the heart of 2024 , though it is of grade open to the usual condition , including stockholder approval .
