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Plano, TX and Redwood Shores, CA – March 7, 2011 - Layered Technologies, Inc. (Layered Tech), a leading global provider of managed dedicated hosting and on-demand virtualization/cloud computing services, today announced that it has been selected by Model N to provide a custom, highly secure virtual environment to support its SaaS-based Revenue Management Applications, called Revenue Management Cloud (RM Cloud). In addition to developing and hosting the infrastructure, which was created in a VMware environment, Layered Tech is also partnering closely with Model N to provide robust managed services and best-in-class security and certification to Model N’s customers.
Model N, the leader in Revenue Management solutions, offers an integrated suite of applications for Life Sciences, High Tech, and Manufacturing companies to manage their revenue life cycle, including price setting and price execution; contract authoring management and compliance; rebates and channel incentives; and analytics. Model N’s solutions have proven and demonstrable success in helping companies reduce regulatory compliance risk, eliminate incentives overpayments, improve price execution, and increase margins. RM Cloud gives customers unprecedented anytime, anywhere access to its solutions while reducing recurring annual costs.
While evaluating potential cloud partners, Model N searched for an enterprise-ready cloud provider capable of meeting its stringent private-cloud and VMware environment requirements. After a thorough selection process, Model N ultimately chose Layered Tech for its experienced, highly responsive, and technically knowledgeable team, as well as for Layered Tech’s ability to provision a custom, private cloud environment that could run virtual instances of Model N’s software.
“When we began our search for a cloud provider, we knew it was important for us to partner with a vendor who could provide flexibility with their private-cloud offerings, and after meeting with Layered Tech’s extremely skilled team, it was clear that they had the right mix of expertise, capability, and customer service to meet our needs. In addition, we outlined very stringent requirements, especially for protecting our customers’ sensitive data, and Layered Tech showed us that they could deliver,” said Richard Yu, Vice President of Cloud Computing at Model N. “With the launch of RM Cloud, we’re revolutionizing how Revenue Management solutions are delivered and more important, providing greater value to our customers by reducing total cost of ownership and increasing return on investment.”
“RM Cloud is a great example of how existing solutions can seamlessly move into a virtual environment, giving users fast and secure access to high-performance applications,” said Todd Abrams, President and Founder of Layered Tech. “Sophisticated enterprises like Model N quickly benefit from Layered Tech’s high-quality technology, infrastructure, and support. Our innovative managed services and virtualization and cloud computing capabilities, coupled with our highly secure and compliant global data centers, drive significant value for Layered Tech clients and the customers they serve.”
About Model N
Model N is the leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing, contracts, compliance, and settlements optimized for the industry practices of Life Science and High Tech companies. Enabling the creation of a seamless, end-to-end process from price setting through settlements payment to analytics, 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: Atmel Corp.; Boston Scientific Corp.; Bristol-Myers Squibb Company; Cypress Semiconductor; Medtronic, Inc.; Microchip Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; Pfizer, Inc.; and STMicroelectronics. Model N’s worldwide headquarters are located in Redwood Shores, California. For more information, visit www.modeln.com.
Layered Technologies (Layered Tech), a leading global provider of compliant and secure cloud and hosting services, supporting mission-critical e-business applications, offers PCI-, HIPAA- and FISMA-compliant hosting solutions, managed dedicated hosting and cloud computing services, including Compliance Guaranteed, which ensures that all Layered Tech compliance services are guaranteed to pass 100 percent of every IT audit or assessment. By providing high-quality technology, infrastructure and support, Layered Tech enables clients to eliminate capital expenses and save on operating costs so they can focus on core initiatives. Layered Tech’s scalable infrastructure powers millions of sites and Internet-enabled applications, including e-commerce and SaaS. Clients include federal, state and local government agencies; large enterprises with advanced data security, compliance and uptime requirements; and leading-edge Web 2.0 startups. For more information, visit www.layeredtech.com.