Veeva Systems

Last updated
Veeva Systems Inc.
Company type Public benefit corporation
Industry Software
Founded2007;17 years ago (2007)
Founders
Headquarters,
United States
Key people
RevenueIncrease2.svg US$2.16 billion (2023)
Decrease2.svgUS$459 million (2023)
Increase2.svgUS$488 million (2023)
Total assets Increase2.svgUS$4.80 billion (2023)
OwnerIncrease2.svgUS$3.72 billion (2023)
Number of employees
6,744 (2023)
Subsidiaries Physicians World LLC, Crossix Solutions, Zinc Ahead, Learnaboutgmp LLC
Website veeva.com
Footnotes /references
Financials as of January 31,2023
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.

Contents

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]

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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.
  2. "Peter Gassner Profile". Forbes . Retrieved 19 May 2022.
  3. 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.
  4. Aggarwal, Varun; Das, Avik (16 October 2013). "Cloud company Veeva's shares nearly double in debut". Reuters.
  5. "Veeva Systems Inc. Class A Common Stock (VEEV) Quote & Summary Data". nasdaq.com. 2022-05-05. Retrieved 2022-05-05.
  6. "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.
  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" . Retrieved 2019-10-02.
  9. "Veeva Acquires Physicians World | Veeva". www.veeva.com. November 7, 2019.
  10. "Veeva Acquires Learnaboutgmp, a Leading GxP eLearning Content Provider | Veeva". www.veeva.com. August 3, 2021.