Veeva Systems

Veeva Systems Inc.

Company type	Public benefit corporation
Traded as	NYSE: VEEV (Class A) Russell 1000 component
Industry	Software
Founded	2007; 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)
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) company in the life-science industry.^[3]

Veeva Systems Inc. went public on the New York Stock Exchange in October 2013.^[4][5] As of May 5, 2022, it has a market capitalization of US$27.5 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]

Acquisitions

In 2015, Veeva acquired Zinc Ahead, a content management software company.^[8]

In 2019, Veeva acquired Crossix, a privacy-safe patient data and analytics company.^[9] In the same year, it also acquired Physicians World LLC, a pharmaceutical company that provides business process outsourcing services.^[10]

In 2021, Veeva acquired Learnaboutgmp LLC, which provides compliance training services for life sciences organizations.^[11]

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. "Veeva scoops up rival Zinc Ahead to create mega-content management platform" (Press release). fiercepharma.com. 2015-10-05. Retrieved 2017-07-05.
9. "Veeva to Acquire Crossix, the Leader in Privacy-Safe Patient Data and Analytics – Crossix". Retrieved 2019-10-02.
10. "Veeva Acquires Physicians World | Veeva". www.veeva.com. November 7, 2019.
11. "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:
  • Bloomberg
  • Google
  • Reuters
  • SEC filings
  • Yahoo!