Veeva Systems

{{Infobox company

| name = Veeva Systems Inc.

| logo = Veeva_Systems_logo.svg

| type = Public benefit corporation

| traded_as = {{ubl|{{NYSE|VEEV}} (Class A)|Russell 1000 component}}

| genre =

| foundation = {{Start date and age|2007}}

| founders = {{ubl|Peter Gassner|Matt Wallach}}

| location_city = Pleasanton, California

| location_country = United States

| location =

| locations =

| area_served =

| key_people = {{ubl|class=nowrap

| Peter Gassner (CEO)

| Brent Bowman (CFO)

| Pinal Patel (CIO)

| Tom Schwenger (COO)

}}

| industry = Software

| products =

| services =

| revenue = {{increase}} {{US$|2.36 billion|link=yes}} (2024)

| operating_income = {{decrease}} {{US$|429 million}} (2024)

| net_income = {{increase}} {{US$|526 million}} (2024)

| assets = {{increase}} {{US$|5.91 billion}} (2024)

| owner = {{increase}} {{US$|4.64 billion}} (2024)

| num_employees = 7,172 (2024)

| parent =

| divisions =

| subsid = Physicians World LLC, Crossix Solutions, Zinc Ahead, Learnaboutgmp LLC

| slogan =

| homepage = {{URL|veeva.com}}

| footnotes = Financials {{asof|2024|01|31|lc=y|df=US}}
References:{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/0001393052/000139305224000013/veev-20240131.htm |title=Veeva Systems, Inc. Annual Report fiscal year ending January 31, 2024 (Form 10-K) |date=25 March 2024 |publisher=U.S. Securities and Exchange Commission}}{{cite web |url=https://www.forbes.com/profile/peter-gassner/ |title=Peter Gassner Profile |website=Forbes |access-date=19 May 2022}}

| intl =

}}

Veeva Systems Inc. is an American cloud-computing company focused on pharmaceutical and life sciences industry applications. Headquartered in Pleasanton, California, it was founded in 2007 by Peter Gassner and Matt Wallach. It operates with software as a service (SaaS) in the life-science industry.{{cite news |last1=Staff |title=Software As a Service (SaaS) Market size is set to grow by USD 423.2 billion from 2024-2028, Augmenting use of mobile apps to boost the market growth, Technavio |url=https://finance.yahoo.com/news/software-saas-market-size-set-220000317.html |work=Yahoo Finance |date=June 27, 2024}}

Veeva Systems Inc. went public on the New York Stock Exchange in October 2013.{{cite news |last=Gage |first=Deborah |date=16 October 2013 |title=Veeva Systems Soars in IPO In Win For Biotech Cloud Software |url=https://www.wsj.com/articles/DJFVW00020131016e9agqx3m0 |work=The Wall Street Journal |url-access=subscription |archive-url=https://archive.today/20230719053514/https://www.wsj.com/amp/articles/DJFVW00020131016e9agqx3m0 |archive-date=19 July 2023 |url-status=live}}{{cite news |last=Aggarwal |first=Varun |last2=Das |first2=Avik |date=16 October 2013 |title=Cloud company Veeva's shares nearly double in debut |url=https://www.reuters.com/article/us-veeva-ipo/cloud-company-veevas-shares-nearly-double-in-debut-idUKBRE99F0K220131016 |publisher=Reuters}} As of May 5, 2022, it has a market capitalization of US$27.5 billion.{{cite web|url=https://www.nasdaq.com/symbol/veev|title=Veeva Systems Inc. Class A Common Stock (VEEV) Quote & Summary Data|date=2022-05-05|website=nasdaq.com|access-date=2022-05-05}}

On February 1, 2021, Veeva became a public benefit corporation. This made it the first publicly-traded company to convert to a public benefit corporation.{{cite web |title=Veeva Becomes First Public Company to Convert to a Public Benefit Corporation |url=https://markets.businessinsider.com/news/stocks/veeva-becomes-first-public-company-to-convert-to-a-public-benefit-corporation-1029967097 |website=Business Insider |publisher=Insider Inc. |archive-url = https://web.archive.org/web/20210301131125/https://markets.businessinsider.com/news/stocks/veeva-becomes-first-public-company-to-convert-to-a-public-benefit-corporation-1029967097 |archive-date = 2021-03-01 |access-date = 2021-10-22}}

On December 1, 2022, Veeva announced it would not renew its Salesforce partnership when it expired in September 2025, choosing instead to migrate Veeva CRM onto its own Vault Platform.{{cite web |url=https://qpharmacorp.com/how-will-you-transition-your-crm-during-the-veeva-salesforce-crm-separation/#:~:text=,its%20expiration%20in%20September%202025|title=How Will You Transition Your CRM During the Veeva – Salesforce CRM Separation? |website=QPharma |access-date=April 23, 2025}}{{cite web |url=https://intuitionlabs.ai/articles/veeva-salesforce-split-pharma-crm-shake-up |title=Why Veeva Split from Salesforce: Pharma CRM Shake-Up |website=IntuitionLabs |access-date=May 4, 2025}} The decision ended a 15+ year collaboration that had given Veeva approximately 80% market share in the life sciences CRM space.{{cite web |url=https://www.pharmavoice.com/news/veeva-salesforce-split-pharma-biotech-navigate-divorce/739985/#:~:text=In%20some%20ways%2C%20the%20divorce,share%20in%20the%20life%20sciences |title=Salesforce or Veeva: How drugmakers can navigate the upcoming CRM split |access-date=April 23, 2025}}

Acquisitions

In 2015, Veeva acquired Zinc Ahead, a content management software company.{{cite press release|url = http://www.fiercepharma.com/sales-and-marketing/veeva-scoops-up-rival-zinc-ahead-to-create-mega-content-management-platform |title = Veeva scoops up rival Zinc Ahead to create mega-content management platform |access-date = 2017-07-05 |date = 2015-10-05 |publisher = fiercepharma.com }}

In 2019, Veeva acquired Crossix, a privacy-safe patient data and analytics company.{{Cite web|url=https://crossix.com/press-releases/veeva-announcement/|title=Veeva to Acquire Crossix, the Leader in Privacy-Safe Patient Data and Analytics – Crossix|language=en-US|access-date=2019-10-02}} In the same year, it also acquired Physicians World LLC, a pharmaceutical company that provides business process outsourcing services.{{Cite web|url=https://www.veeva.com/resources/veeva-acquires-physicians-world/|title=Veeva Acquires Physicians World | Veeva|date=November 7, 2019|website=www.veeva.com}}

In 2021, Veeva acquired Learnaboutgmp LLC, which provides compliance training services for life sciences organizations.{{Cite web|url=https://www.veeva.com/resources/veeva-acquires-learnaboutgmp-a-leading-gxp-elearning-content-provider/|title=Veeva Acquires Learnaboutgmp, a Leading GxP eLearning Content Provider | Veeva|date=August 3, 2021|website=www.veeva.com}}