Company:Veeva Systems

From HandWiki
Veeva Systems Inc.
TypePublic benefit corporation
  • NYSE: VEEV (Class A)
  • Russell 1000 component
IndustrySoftware for life sciences
Founded2007; 19 years ago (2007)
Founders
  • Peter Gassner
  • Matt Wallach
Headquarters
Pleasanton, California
,
United States
Key people
  • Peter Gassner (CEO)
  • Brent Bowman (CFO)
  • Pinal Patel (CIO)
  • Tom Schwenger (COO)
ProductsSoftware
ServicesBusiness consulting
RevenueIncrease US$2.746 billion (FY 2025)
Increase US$691 million (FY 2025)
Increase US$714 million (FY 2025)
Total assetsIncrease US$7.339 billion (FY 2025)
Total equityIncrease US$5.832 billion (FY 2025)
Number of employees
7,291 (2025)
Websiteveeva.com
Footnotes / references
[1][2]

Veeva Systems Inc., headquartered in Pleasanton, California, provides cloud software, data, and business consulting for the life sciences industry.[1] Its software is used to manage data, track regulatory registrations, and oversee supply chains. The company is a public benefit corporation.[1]

The company has 1,477 customers including Bayer, Boehringer Ingelheim, Eli Lilly and Company, Gilead Sciences, Merck & Co., Novartis, Alkermes plc, Alnylam Pharmaceuticals, bluebird bio, and Idorsia.[1] Its primary competitor for its customer relationship management software is Salesforce, which is partnered with IQVIA.[1]

History

Veeva was founded in 2007 by Peter Gassner and Matt Wallach.[2]

In 2011, the company introduced Veeva Vault, a content management system for the life sciences industry.[3]

In October 2013, Veeva became a public company via an initial public offering on the New York Stock Exchange.[4][5]

In February 2021, Veeva became the first publicly traded company to convert to a public benefit corporation.[6]

In 2025, Veeva ended its partnership with Salesforce, a competitor.[7]

In April 2025, Veeva announced artificial intelligence features for its applications to help life sciences companies automate tasks and improve employee productivity.[8]

In August 2025, Veeva partnered with IQVIA after ending litigation regarding trade secrets.[9]

Acquisitions

# Date Company Notes Template:Reference column heading
1 2015 Zinc Ahead Content management software company [10]
2 2019 Crossix privacy-safe patient data and analytics company [11]
3 2019 Physicians World Provider of business process outsourcing services [12]
4 2021 Learnaboutgmp Compliance training services for life sciences organizations [13]
5 2021 Veracity Logic Provider of cloud software for randomization and trial supply management [14]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Veeva Systems, Inc. Annual Report fiscal year ending January 31, 2025 (Form 10-K)". U.S. Securities and Exchange Commission. March 24, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001393052/000139305225000022/veev-20250131.htm. 
  2. ↑ 2.0 2.1 "Peter Gassner Profile". Forbes. https://www.forbes.com/profile/peter-gassner/. 
  3. ↑ "Veeva Systems Introduces New Regulated Content Management Solution for Life Sciences" (Press release). Business Wire. February 15, 2011 – via Biospace.
  4. ↑ Gage, Deborah (October 16, 2013). "Veeva Systems Soars in IPO In Win For Biotech Cloud Software". The Wall Street Journal. https://www.wsj.com/articles/DJFVW00020131016e9agqx3m0. 
  5. ↑ Aggarwal, Varun; Das, Avik (October 16, 2013). "Cloud company Veeva's shares nearly double in debut". Reuters. https://www.reuters.com/article/us-veeva-ipo/cloud-company-veevas-shares-nearly-double-in-debut-idUKBRE99F0K220131016. 
  6. ↑ Rinker, Brian (January 27, 2021). "Veeva Systems is now a public benefit corporation. But what does that mean?". American City Business Journals. https://www.bizjournals.com/sanfrancisco/news/2021/01/27/veeva-systems-public-benefit-corporation.html. 
  7. ↑ Ford, Brody (December 24, 2024). "Salesforce Stokes Veeva Fight by Snagging Drug Customers". Bloomberg Law. https://news.bloomberglaw.com/health-law-and-business/salesforce-stokes-fight-with-veeva-by-snagging-drug-customers. 
  8. ↑ "Announcing Veeva AI" (Press release). PR Newswire. April 29, 2025.
  9. ↑ Seal, Dean (August 18, 2025). "IQVIA Teams with Veeva Systems After Resolving Legal Dispute". MarketWatch. https://www.marketwatch.com/story/iqvia-teams-with-veeva-systems-after-resolving-legal-dispute-c3bad76d. 
  10. ↑ "Veeva scoops up rival Zinc Ahead to create mega-content management platform". Fierce Pharma (Press release). Questex. October 5, 2015.
  11. ↑ Bulik, Beth Snyder (October 2, 2019). "Veeva acquires Crossix, pairing doctor, patient data and marketing services". Fierce Pharma (Questex). https://www.fiercepharma.com/marketing/veeva-acquires-patient-data-and-analytics-specialist-crossix-pairing-hcp-and-patient-data. 
  12. ↑ "Veeva Acquires Physicians World" (Press release). Business Wire. November 7, 2019.
  13. ↑ "Veeva Acquires Learnaboutgmp, a Leading GxP eLearning Content Provider" (Press release). PR Newswire. August 3, 2021.
  14. ↑ "Veeva Acquires Veracity Logic for Randomization and Trial Supply Management (RTSM)" (Press release). PR Newswire. December 13, 2021.

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