Model N provides revenue management software to the life sciences and high-tech industries.
Its customers comprise pharmaceutical companies, semiconductor manufacturers and medical device makers including Johnson & Johnson, AstraZeneca and Microchip Technology.
This would be Vista’s fifth take-private transaction in the last 18 months. Since October 2022, Vista has acquired EngageSmart for $4 billion, Duck Creek Technologies for $2.60 billion and Avalara for $8.40 billion.
In 2023, Vista was also the seller in two multi-billion dollar transactions – IBM’s acquisition of Apptio for $4.60 billion and Blackstone’s acquisition of Cvent for $4.60 billion.
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