Vista Equity Partners is taking Model N (NYSE: MODN) for about $1.25 billion.

Model N is a provider of cloud-based revenue optimization and compliance software for the life sciences and technology industries. Some of its customers include Johnson & Johnson (NYSE: JNJ), AstraZeneca (Nasdaq: AZN), Stryker (NYSE: SYK), Seagate Technology (Nasdaq: STX), Broadcom (Nasdaq: AVGO) and Microchip Technology (Nasdaq: MCHP).

“The need for revenue optimization and compliance solutions that deliver comprehensive visibility and control is greater than ever,” says Model N CEO Jason Blessing.

Jefferies LLC is serving as financial advisor and provided a fairness opinion to Model N and Fenwick & West LLP is serving as legal counsel. Kirkland & Ellis LLP is acting as legal counsel to Vista.