FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Crystal Financial Provides $50MM in Acquisition Financing to Model N

January 31, 2017, 08:00 AM
Filed Under: Technology

Crystal Financial LLC, an independent commercial finance company, announced  its investment in a $50 million Term Loan Facility for Model N, Inc.. Based in Redwood City, CA, and founded in 1999, the Company is a provider of cloud-based revenue management solutions to life sciences, technology and manufacturing companies.   

Proceeds from the transaction were used to complete the acquisition of Revitas, Inc., also a provider of life sciences revenue management software, which closed January 5th, 2017.

Mark Tisdel, chief financial officer of Model N said “The acquisition of Revitas brings together two innovators during a critical time in the pharmaceutical industry.  This strategic transaction allows us to accelerate innovation across a broad set of applications. Steve Migliero and the Crystal team were very supportive throughout the process.  They were responsive and delivered the financing necessary for this important acquisition.”

“There is no question that in today’s competitive and complex environment, the capabilities in the Model N Revenue Management solution are a must have for their customers to grow their revenue and enhance profitability,” said Steven A. Migliero, Jr., Senior Managing Director of Crystal Financial. “We are excited to be working with such a high quality management team and organization.”







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.