REDWOOD CITY, Calif.--(BUSINESS WIRE)--
Model N, Inc. (NYSE:MODN), the leading revenue management solutions
provider to the life science and technology industries, announced today
the appointment of industry veterans Mark Tisdel as Chief Financial
Officer and Shail Khiyara as Chief Marketing Officer.
"I am excited to welcome Mark back to Model N," said Charles Robel, Lead
Director of Model N. "Mark was instrumental in building out the
financial function at Model N during his previous tenure as Chief
Financial Officer of the company, and brings a wealth of financial
experience to this role."
"I'm eager to rejoin Model N at this time as the company has a
tremendous market opportunity," said Mr. Tisdel. "I believe my prior
experience as CFO at Model N and familiarity with the business will
allow me to make an immediate contribution to the leadership of the
company and the financial team."
Mark Tisdel is a 20-year veteran in global finance, and brings to Model
N an extensive background in fast-growth software and high-tech
business. Mark is currently the CFO of Steelwedge Software, and
previously was the CFO of Spigit and Model N. Mark has also held
leadership roles in Finance at Peoplesoft, GTE Mobilnet and Selectica.
Mark holds an MBA from Wake Forest University and a B.S. in Accounting
and Law from Clarkson University.
Model N's current SVP and CFO, Sujan Jain, has decided to leave the
company to pursue another opportunity. He will remain in his current
role until May 16th.
"Shail is a great addition to Model N and is joining at a pivotal time
in our evolution as we continue to invest in growth and build our
international presence" said Sarah Friar, Director of Model N. "Shail's
proven track record in scaling companies will further propel Model N in
the Revenue Management category. Shail will drive world wide efforts and
I am confident he will help define our vision for Revenue Management and
assist Model N to capitalize on this market opportunity."
"Revenues and Revenue Management is the life-blood of any business. I am
very excited about the growth opportunity for Model N," said Mr.
Khiyara. "Model N has built a growing enterprise software business and I
am looking forward to help define, shape and implement the strategy
required to take full advantage of the company's potential."
Shail Khiyara brings nearly 20 years of executive and marketing
experience in the technology industry in a variety of senior leadership
roles, including the CMO and Chief Customer Officer of Spigit where he
helped create a category around Innovation Management Software and took
the company to an exit. Prior to Spigit, Shail was the SVP and CMO of
Taleo where he helped create and drove the Talent Intelligence messaging
to shape and build the Talent Management category. In prior roles, Shail
drove growth at Evault as their SVP, Data Protection Business Unit
through innovative product positioning, demand generation and channel
marketing in the Cloud Storage market. Mr. Khiyara was previously at
Verisign, where he established and drove the European go-to-market
strategy, successfully positioned the Verisign brand in multiple
geographies and drove revenue and significant customer acquisition of
Fortune 1000 companies. Mr. Khiyara has also held senior leadership
roles at Autodesk and Bechtel. Shail Khiyara holds an MBA from Yale
University and an MS in Engineering from NJIT.
"I am thrilled to be able to add executives of this caliber to assist
Model N in taking our business to the next level," said Zack Rinat,
Model N's Founder, Chairman, and CEO. "I would like to welcome both of
them to the team and I look forward to their partnership to drive growth
at Model N. The board and I would also like to thank Sujan for his
contributions and wish him luck in his next endeavor."
About Model N
Model N is the leader in Revenue Management solutions. Model N helps its
customers maximize their revenue and reduce revenue compliance risk by
managing every dollar that impacts their top line encompassing
contracting, pricing, incentives, and rebates. Model N leverages its
deep industry expertise to support the unique business needs of Life
Sciences and Technology companies in more than 50 countries. Global
Customers include: Actavis, Allergan, Amgen, Atmel, Boston Scientific,
Bristol-Myers Squibb, Dell, Johnson & Johnson, Linear Technology, Merck,
Marvell, Maxim, Micron, Nokia, Novartis, Novo Nordisk, ON Semiconductor,
and STMicroelectronics. Learn more at: http://www.modeln.com.
Model N is traded on the New York Stock Exchange under the symbol MODN.
Source: Model N, Inc.