California-based Model N, a technology, data, and analytics services player catering to pharmaceutical and medical technology companies, has opened a new product innovation facility in Hyderabad. The facility will house 500 employees and spans over 70,000 square feet.
The new facility was inaugurated by IT and Industries Principal Secretary Jayesh Ranjan. “We welcome Model N to the fast-growing global IT hub of the world. Their presence reaffirms Hyderabad’s growth, and its ability to attract start-ups, venture capital firms, OEMs, policymakers, think tanks, and global technology companies,” he said.
The Model N Centre in Hyderabad plays an important role in bringing new product innovations to market, such as the State Price Transparency Management (SPTM) and 340B solutions, which assist pharmaceutical manufacturers in managing the fluid drug pricing regulation and management landscape.
Life sciences and high-tech innovators can be enabled by Model N to streamline operations, scale strategically, and mitigate risks. It now collaborates with 28 top global life sciences brands and 14 top global semiconductor brands.
“Our facility in India is a key driver of our business strategy and is highly valued within Model N’s worldwide operations. We aim to keep investing in India, and our target is to keep increasing our engineering talent pool in Hyderabad,” said Jason Blessing, President and Chief Executive Officer, Model N.
To date, 2022 has been a defining moment for Model N, with 70% of its customers now being on its SaaS platform. In the near future, the company intends to drive profitable growth, complete Model N’s transition to a cloud-based company, and continue to innovate for its customers.
The growing Hyderabad team is committed to fostering innovation through experimentation. For example, last year’s inaugural N-Ovation event—a Model N hackathon/talent showcase—attracted 200+ employees who developed award-winning solutions that were later incorporated into real features and functionality used by the Model N team and its customers.
Model N intends to continue N-Ovation and is planning its second annual event in December 2022, where new ideas will be given another chance to drive innovation and value for customers.
(This story has been sourced from a third-party syndicated feed, agencies. Raavi Media accepts no responsibility or liability for the text’s dependability, trustworthiness, reliability, and data. Raavi Media management/ythisnews.com reserves the sole right to alter, delete or remove (without notice) the content at its absolute discretion for any reason whatsoever.)
