Veeva Systems

Veeva Systems Inc.

Company type	Public benefit corporation
Traded as	NYSE:  VEEV (Class A) Russell 1000 component
Industry	Software
Founded	2007;18 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)
Revenue	US$2.36 billion (2024)
Operating income	US$429 million (2024)
Net income	US$526 million (2024)
Total assets	US$5.91 billion (2024)
Owner	US$4.64 billion (2024)
Number of employees	7,172 (2024)
Subsidiaries	Physicians World LLC, Crossix Solutions, Zinc Ahead, Learnaboutgmp LLC
Website	veeva.com
Footnotes /references Financials as of January 31,2024 [update] 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) in the life-science industry. ^[3]

Veeva Systems Inc. went public on the New York Stock Exchange in October 2013. ^{[4] [5]} As of July 9, 2025, it has a market capitalization of US$46.1 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]

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. ^{[8] [9]} The decision ended a 15+ year collaboration that had given Veeva approximately 80% market share in the life sciences CRM space. ^[10]

Acquisitions

In 2015, Veeva acquired Zinc Ahead, a content management software company. ^[11]

In 2019, Veeva acquired Crossix, a privacy-safe patient data and analytics company. ^[12] In the same year, it also acquired Physicians World LLC, a pharmaceutical company that provides business process outsourcing services. ^[13]

In 2021, Veeva acquired Learnaboutgmp LLC, which provides compliance training services for life sciences organizations. ^[14]

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. "How Will You Transition Your CRM During the Veeva – Salesforce CRM Separation?". QPharma. Retrieved April 23, 2025.
9. "Why Veeva Split from Salesforce: Pharma CRM Shake-Up". IntuitionLabs. Retrieved May 4, 2025.
10. "Salesforce or Veeva: How drugmakers can navigate the upcoming CRM split" . Retrieved April 23, 2025.
11. "Veeva scoops up rival Zinc Ahead to create mega-content management platform" (Press release). fiercepharma.com. 2015-10-05. Retrieved 2017-07-05.
12. "Veeva to Acquire Crossix, the Leader in Privacy-Safe Patient Data and Analytics – Crossix" . Retrieved 2019-10-02.
13. "Veeva Acquires Physicians World | Veeva". www.veeva.com. November 7, 2019.
14. "Veeva Acquires Learnaboutgmp, a Leading GxP eLearning Content Provider | Veeva". www.veeva.com. August 3, 2021.

External links

• Official website
• Business data for Veeva Systems:
  • Google
  • Reuters
  • SEC filings
  • Yahoo!