SOURCE: Model N, Inc.

May 12, 2008 07:00 ET

Model N Promotes Mark Tisdel to Chief Financial Officer

Software Industry Veteran Brings Strength in Leadership, Operations, and Corporate Finance

REDWOOD SHORES, CA--(Marketwire - May 12, 2008) - Model N, Inc., a leading provider of Revenue Management solutions, has announced the promotion of Mark Tisdel to the role of Chief Financial Officer, effective immediately.

Previously Vice President of Finance at Model N, Tisdel's responsibilities include finance, accounting, facilities, IT, and operations. He has implemented GAAP compliance controls and processes to ensure the company delivers the financial transparency desired by customers and investors. Tisdel is also leading the build-out of Model N's infrastructure to support the company's rapid growth and global expansion.

Tisdel brings 20 years of experience leading finance functions for ERP, price management software, and other high tech companies. Prior to Model N, he served as Vice President, Corporate Controller, at Selectica, Inc., where he was responsible for all facets of the accounting and finance organization. Prior to Selectica, Tisdel was Vice President of Internal Audit at Riverstone Networks. He is a Certified Public Accountant and holds an MBA in Finance from the Babcock Graduate School of Management at Wake Forest University and a BS in Accounting from Clarkson University.

"During his tenure at Model N, Mark has overseen the development of business processes and controls that have enabled strong financial governance and improved revenue visibility," said Zack Rinat, Model N Founder and Chief Executive Officer. "Mark's experience and outstanding performance as Vice President of Finance give us great confidence that he will provide exceptional strategic guidance as well as superior tactical management in the exceedingly important and expanding role of CFO."

"I am delighted to take on this opportunity at a time when Model N is demonstrating its leadership in Revenue Management," Tisdel said. "Over the course of two decades in finance, I have personally witnessed the increased responsibility placed upon the Office of CFO and understand the value that Revenue Management brings to today's overwhelmed finance organizations. I look forward to working closely with the executive team and Board of Directors to accelerate Model N's global growth."

About Model N

Model N is a leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing strategy and execution, contracts, compliance, rebates, fees and charge-backs optimized for the industry practices of Life Sciences and High Tech companies. Enabling the creation of a seamless, end-to-end process from price setting 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 reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific Corporation; Bristol-Myers Squibb Company; Cypress Semiconductor Corporation; Intersil Corporation; Linear Technology Corporation; Medtronic, Inc.; Microchip Technology, Inc.; Micron Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; ON Semiconductor, Inc. and Pfizer, Inc. Model N is located in Redwood Shores, California. For additional information, visit www.modeln.com.

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.

Contact Information

  • Media Contact:
    Megan Reilly
    Model N, Inc.
    Tel: 650-610-4773
    Email Contact