Right now, the market has it worth 120 million minus cash. Very cheap! As long as they do have a good product??? Thats the ultimate question. If they have a great product then they should make some sales! Based on the customers they have, all is good! Cash burn rate is another issue of concern
I like the chances and just went long. Pulled from an article: "Looking longer term Model N, along with a number of other recent public companies like Service Now (NOW) and Guidewire (GWRE) are attractive acquisitions for market leaders like Oracle (ORCL)."
ORCL has acquired two previous competitors in this marketplace and then eventually scrap the software because it is too small a market for them to bother. So good luck with your acquisition speculation.