Veeva Systems

Veeva Systems Inc.
Company typePublic benefit corporation
IndustrySoftware
Founded2007; 17 years ago (2007)
Founders
Headquarters
Pleasanton, California
,
United States
Key people
RevenueIncrease US$2.36 billion (2024)
Decrease US$429 million (2024)
Increase US$526 million (2024)
Total assetsIncrease US$5.91 billion (2024)
OwnerIncrease US$4.64 billion (2024)
Number of employees
7,172 (2024)
SubsidiariesPhysicians World LLC, Crossix Solutions, Zinc Ahead, Learnaboutgmp LLC
Websiteveeva.com
Footnotes / references
Financials as of January 31, 2024
References:[1][2]

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) company in the life-science industry.[3]

Veeva Systems Inc. went public on the New York Stock Exchange in October 2013.[4][5] As of May 5, 2022, it has a market capitalization of US$27.5 billion.[6]

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.[7]

Acquisitions

In 2015, Veeva acquired Zinc Ahead, a content management software company.[8]

In 2019, Veeva acquired Crossix, a privacy-safe patient data and analytics company.[9] In the same year, it also acquired Physicians World LLC, a pharmaceutical company that provides business process outsourcing services.[10]

In 2021, Veeva acquired Learnaboutgmp LLC, which provides compliance training services for life sciences organizations.[11]

References

  1. ^ "Veeva Systems, Inc. Annual Report fiscal year ending January 31, 2024 (Form 10-K)". U.S. Securities and Exchange Commission. 25 March 2024.
  2. ^ "Peter Gassner Profile". Forbes. Retrieved 19 May 2022.
  3. ^ Staff (June 27, 2024). "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". Yahoo Finance.
  4. ^ Gage, Deborah (16 October 2013). "Veeva Systems Soars in IPO In Win For Biotech Cloud Software". The Wall Street Journal. Archived from the original on 19 July 2023.
  5. ^ Aggarwal, Varun; Das, Avik (16 October 2013). "Cloud company Veeva's shares nearly double in debut". Reuters.
  6. ^ "Veeva Systems Inc. Class A Common Stock (VEEV) Quote & Summary Data". nasdaq.com. 2022-05-05. Retrieved 2022-05-05.
  7. ^ "Veeva Becomes First Public Company to Convert to a Public Benefit Corporation". Business Insider. Insider Inc. Archived from the original on 2021-03-01. Retrieved 2021-10-22.
  8. ^ "Veeva scoops up rival Zinc Ahead to create mega-content management platform" (Press release). fiercepharma.com. 2015-10-05. Retrieved 2017-07-05.
  9. ^ "Veeva to Acquire Crossix, the Leader in Privacy-Safe Patient Data and Analytics – Crossix". Retrieved 2019-10-02.
  10. ^ "Veeva Acquires Physicians World | Veeva". www.veeva.com. November 7, 2019.
  11. ^ "Veeva Acquires Learnaboutgmp, a Leading GxP eLearning Content Provider | Veeva". www.veeva.com. August 3, 2021.
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