Veeva Systems

Last updated
Veeva Systems Inc.
Company type Public benefit corporation
Industry Software for life sciences
Founded2007;18 years ago (2007)
Founders
Headquarters
Pleasanton, California
,
United States
Key people
ProductsSoftware
ServicesBusiness consulting
RevenueIncrease2.svg US$2.746 billion (FY 2025)
Increase2.svgUS$691 million (FY 2025)
Increase2.svgUS$714 million (FY 2025)
Total assets Increase2.svgUS$7.339 billion (FY 2025)
Total equity Increase2.svgUS$5.832 billion (FY 2025)
Number of employees
7,291 (2025)
Website veeva.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]

Contents

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

#DateCompanyNotesRef.
1October 2015Zinc Ahead Content management software company [10]
2October 2019Crossix privacy-safe patient data and analytics company [11]
3November 2019Physicians WorldProvider of business process outsourcing services [12]
4August 2021Learnaboutgmp Compliance training services for life sciences organizations [13]
5December 2021Veracity LogicProvider of cloud software for randomization and trial supply management [14]

References

  1. 1 2 3 4 5 "Veeva Systems, Inc. Annual Report fiscal year ending January 31, 2025 (Form 10-K)". U.S. Securities and Exchange Commission. March 24, 2025.
  2. 1 2 "Peter Gassner Profile". Forbes .
  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 . Archived from the original on 19 July 2023.
  5. ↑ Aggarwal, Varun; Das, Avik (October 16, 2013). "Cloud company Veeva's shares nearly double in debut". Reuters .
  6. ↑ Rinker, Brian (January 27, 2021). "Veeva Systems is now a public benefit corporation. But what does that mean?" . American City Business Journals .
  7. ↑ Ford, Brody (December 24, 2024). "Salesforce Stokes Veeva Fight by Snagging Drug Customers". Bloomberg Law .
  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 .
  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.
  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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