Model9

Company Overview

Snapshot

Founded in August 2015 by Adi Pundak-Mintz, Motti Tal, and Gil Peleg, Model9 operates with 1–10 employees. The company raised $13.75 million across three funding rounds from five investors. In April 2023, Model9 was acquired by BMC Software, marking a significant exit for the cloud data management firm.

Business overview

Model9 specializes in cloud data management solutions for mainframe computer environments, aiming to accelerate digital transformation and cloud adoption in large enterprises. The company's patented technology facilitates the delivery of mainframe data to various cloud or on-premises storage platforms, eliminating the need for traditional tape and virtual tape systems. This enables secure integration with advanced analytics tools, serving critical sectors such as financial institutions, government agencies, and transportation companies within the Business Software sector.

Strategic signal

The acquisition of Model9 by BMC Software in April 2023 represents a strategic consolidation in the mainframe modernization market. This move allows BMC Software to integrate Model9's patented technology for delivering mainframe data to cloud environments, signaling a growing industry focus on bridging legacy systems with modern cloud infrastructure. For investors, this indicates a strong market demand for solutions that enable digital transformation in large enterprises, particularly those with significant mainframe investments.

Company Intelligence Q&A

What was the most recent significant corporate event for Model9?

In April 2023, Model9 was acquired by BMC Software. This acquisition led to Model9 becoming an inactive entity.

When was Model9's last disclosed funding round?

Model9 secured a funding round in February 2020. This round was led by Intel Capital and also included participation from GlenRock Group.

What is Model9's core mission?

Model9's mission is to accelerate digital transformation and the adoption of cloud technologies and economics in large enterprises by modernizing mainframe data management and business intelligence.

Which industries does Model9 primarily serve?

Model9 is trusted by financial institutions, government agencies, and transportation companies, providing solutions for mainframe data management and business intelligence.

When was Model9 founded and by whom?

Model9 was founded in August 2015 by Adi Pundak-Mintz, Motti Tal, and Gil Peleg.