Company:Veeva Systems

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Short description: U.S. technology company
Veeva Systems Inc.
TypePublic benefit corporation
  • NYSE: VEEV (Class A)
  • Russell 1000 component
IndustrySoftware
Founded2007; 17 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)
RevenueIncrease US$2.16 billion (2023)
Decrease US$459 million (2023)
Increase US$488 million (2023)
Total assetsIncrease US$4.80 billion (2023)
OwnerIncrease US$3.72 billion (2023)
Number of employees
6,744 (2023)
SubsidiariesPhysicians World LLC, Crossix Solutions, Zinc Ahead, Learnaboutgmp LLC
Websiteveeva.com
Footnotes / references
Financials (As of January 2023)
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 works with software as a service (SaaS) in the life-science industry.

The company went public in October 2013.[3][4] As of May 5, 2022, it has a market capitalization of US$27.5 billion.[5]

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.[6]

Acquisitions

In 2015, Veeva acquired Zinc Ahead, a content management software company.[7]

In 2019, Veeva acquired Crossix, a privacy-safe patient data and analytics company.[8]

In 2019, Veeva acquired Physicians World LLC, a pharmaceutical company that provides business process outsourcing services.[9]

In 2021, Veeva acquired Learnaboutgmp LLC, which provides compliance training services for life sciences organizations.[10]

References

  1. ↑ "Veeva Systems, Inc. Annual Report fiscal year ending January 31, 2023 (Form 10-K)". U.S. Securities and Exchange Commission. 30 March 2023. https://www.sec.gov/ix?doc=/Archives/edgar/data/1393052/000139305223000025/veev-20230131.htm. 
  2. ↑ "Peter Gassner Profile". https://www.forbes.com/profile/peter-gassner/. 
  3. ↑ Gage, Deborah (16 October 2013). "Veeva Systems Soars in IPO In Win For Biotech Cloud Software". The Wall Street Journal. https://www.wsj.com/articles/DJFVW00020131016e9agqx3m0. 
  4. ↑ Aggarwal, Varun; Das, Avik (16 October 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. 
  5. ↑ "Veeva Systems Inc. Class A Common Stock (VEEV) Quote & Summary Data". 2022-05-05. https://www.nasdaq.com/symbol/veev. 
  6. ↑ "Veeva Becomes First Public Company to Convert to a Public Benefit Corporation". Insider Inc.. https://markets.businessinsider.com/news/stocks/veeva-becomes-first-public-company-to-convert-to-a-public-benefit-corporation-1029967097. 
  7. ↑ "Veeva scoops up rival Zinc Ahead to create mega-content management platform" (Press release). fiercepharma.com. 2015-10-05. Retrieved 2017-07-05.
  8. ↑ "Veeva to Acquire Crossix, the Leader in Privacy-Safe Patient Data and Analytics – Crossix" (in en-US). https://crossix.com/press-releases/veeva-announcement/. 
  9. ↑ "Veeva Acquires Physicians World | Veeva". November 7, 2019. https://www.veeva.com/resources/veeva-acquires-physicians-world/. 
  10. ↑ "Veeva Acquires Learnaboutgmp, a Leading GxP eLearning Content Provider | Veeva". August 3, 2021. https://www.veeva.com/resources/veeva-acquires-learnaboutgmp-a-leading-gxp-elearning-content-provider/. 

External links



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