SOUTH SAN FRANCISCO, Calif., Feb. 15, 2006 -- Model N, the pioneer in Revenue Management solutions for the life science industry, today announced the release of its next generation Revenue Management Suite. This major new release offers several industry innovations, including breakthrough ease of use for web-based applications and the first automated price and regulatory compliance monitoring built into standard Revenue Management pricing, contracts and settlements applications. Using Model N's Revenue Management Suite, life science organizations will realize greater success in controlling revenue leakage and managing regulatory compliance risk. In addition, major enhancements in web technology usability will dramatically increase productivity and application ease of adoption.

"In designing this next generation of the Revenue Management Suite, Model N focused on the usability and functionality enhancements that would have the greatest impact on the success of life science organizations," said Stephen Zocchi, Model N's vice president of marketing. "Facing unprecedented pricing pressure and rapidly changing regulatory scrutiny, life science companies need to leverage technology to align their pricing, contracting and reimbursement processes into an end-to-end system. They also need to rely more heavily on those systems to minimize revenue and compliance risk. This next generation of Model N Revenue Management delivers leading integration and automated controls, and more importantly, sets a new standard in usability to ensure that the applications deliver to their full potential for the business."

The Latest in Web Ease of Use

A core advantage of the Model N Revenue Management Suite, usability is an area where Model N continues to make significant investments. Over the last year Model N user experience and product teams worked closely with customers and with other leading life science companies to conduct extensive usability studies -- looking for ways to increase the productivity of web applications. "We have a dedicated user experience team within our engineering organization whose goal is to employ the latest technology to improve the user experience for our applications in every release. They strive to make great usability a differentiator for Model N Revenue Management," said Yarden Malka, vice president of product development. "With this release we have established a new benchmark, with better than ever look and feel, screen organization, navigational flow and user productivity tools -- all inspired by the direct involvement of our customers. It's an application suite built to operate the way our customers want to run their business."

To deliver these benefits, Model N adopted the latest web user interface technology. Utilizing the AJAX industry standard for JavaScript and XML allowed Model N to deliver faster response times, improved desktop look-and- feel for its web-based apps, and offer an easier way to manipulate data on a web page. AJAX is beginning to emerge in some of the leading web applications, and Model N is one of the trend setters in using this technology. New usability features also include task-based navigation, customizable home pages, document-independent global search, Microsoft integration in the form of Export to Excel, saved searches, and a complete upgrade of the look and feel of the application's user interface.

Major functionality enhancements

This new version of Model N's Revenue Management Suite is the most significant release in the company's history, incorporating the results of close cooperation between Model N and several of the top 10 companies in both pharmaceutical and medical technology industries. Model N made over 100 customer-driven enhancements to the suite, including such major new areas of functionality as contract auditing for Sarbanes-Oxley compliance and advanced business intelligence functionality with ad-hoc reporting and user-controlled charts and graphs. Of the most significant enhancements, comprehensive price monitoring -- including pricing floors, Best Price, FSS (Federal Supply Schedule), and net price monitoring -- is a first in the industry for revenue management. As life science companies see their regulatory compliance requirements increase and as commercial and government business practices begin to converge, an integrated suite for commercial and government business with automated price controls will emerge as a critical component of future life science IT strategies.

About Model N

Model N is the pioneer in Revenue Management solutions, offering an integrated suite of applications for pricing, contracts, compliance, rebates, fees and chargebacks optimized for the industry practices of life science companies. Enabling the creation of a seamless, end-to-end process from pricing 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 pricing and Sarbanes-Oxley regulations. Model N customers include Actelion Biopharmaceuticals; Boston Scientific Corporation; Bristol-Myers Squibb; Gilead Sciences; Ortho-Clinical Diagnostics, a Johnson & Johnson company; MedImmune, Inc.; Medtronic, Inc.; Pfizer, Inc.; and Reliant Pharmaceuticals, Inc. Model N is located in South San Francisco, CA. For additional information, visit http://www.modeln.com.

NOTE: 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.