…Akamai service delivers global application performance improvement of up to 500% to end users of Model N’s Revenue Management Solutions…
April 23, 2008 – Model N, Inc., a leader in Revenue Management solutions, has named Akamai Technologies, Inc., (NASDAQ: AKAM), the leader in powering rich media, dynamic transactions and enterprise applications online, a preferred technology partner. The result of the relationship for end-users of Model N’s Revenue Management Solutions is the ability to leverage a “Business Quality Internet” that delivers global speed and performance improvements of up to 500%, enabling increased application adoption. The alliance was unveiled at the Rainmaker 2008: The Model N Revenue Management Summit in Scottsdale, Arizona.
“We are pleased that Model N has placed its confidence in Akamai,” said Willie M. Tejada, vice president, Application Acceleration for Akamai. “Model N’s best-of-breed Revenue Management solutions and proven track record make this alliance a natural fit for Akamai’s Web Application AcceleratorSM service.”
Akamai’s Web Application Accelerator service leverages Akamai’s globally-deployed platform —comprising approximately 30,000 servers in 70 countries — to deliver consistent, improved application performance for enterprise customers. Model N customers in more than 50 countries can benefit from Akamai’s technology to optimize the global Internet cloud and enhance the speed and reliability of all of their Web-based, globally deployed applications, including their Model N Revenue Management solutions.
“After witnessing several highly successful Akamai deployments among our existing customers, we felt it was imperative to share the benefits that Akamai offers to global organizations utilizing Web-based solutions,” said Richard Fitchen, General Manager, High Tech at Model N. ”This partnership is already enabling us to deliver added value to the more than 32,000 Model N users worldwide.”
Interest in the technology partnership unveiled at the recent Rainmaker 2008 Summit is gaining momentum with two successful deployments for industry leaders in the semiconductor and manufacturing sectors:
- ON Semiconductor (NASDAQ: ONNN), a global leader in power management and circuit protection semiconductor solutions
- Microchip Technology (NASDAQ: MCHP), a leading provider of microcontroller and analog semiconductors
Model N customers interested in learning more about the technology partnership should contact their local sales representative.
About Model N
Model N is a leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing strategy and execution, contracts, compliance, rebates, fees and charge-backs optimized for the industry practices of Life Sciences and High Tech companies. Enabling the creation of a seamless, end-to-end process from price setting 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 reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific Corporation; Bristol-Myers Squibb Company; Cypress Semiconductor Corporation; Intersil Corporation; Linear Technology Corporation; Medtronic, Inc.; Microchip Technology Inc.; Micron Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; ON Semiconductor, Inc. and Pfizer, Inc. Model N is located in Redwood Shores, California. For additional information, visit www.modeln.com.
The Akamai Difference
Akamai® provides market-leading managed services for powering rich media, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been adopted by the world's most recognized brands across diverse industries. The alternative to centralized Web infrastructure, Akamai's global network of tens of thousands of distributed servers provides the scale, reliability, insight and performance for businesses to succeed online. An S&P 500 and NASDAQ 100 company, Akamai has transformed the Internet into a more viable place to inform, entertain, interact, and collaborate.
To experience The Akamai Difference, visit www.akamai.com.
Model N is a mark of Model N, Inc. Akamai and Akamai Web Application Accelerator are either trade or service marks of Akamai Technologies, Inc.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the effects of any attempts to intentionally disrupt our services or network by unauthorized users or others, failure to have available sufficient transmission capacity, a failure of Akamai's network infrastructure, termination of the relationship between Akamai and Model N and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
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