Veeva Systems Explained

Veeva Systems Inc.
Location Country:United States
Revenue: (2024)
Operating Income: (2024)
Net Income: (2024)
Assets: (2024)
Owner: (2024)
Num Employees:7,172 (2024)
Subsid:Physicians World LLC, Crossix Solutions, Zinc Ahead, Learnaboutgmp LLC
Footnotes:Financials
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]

Notes and References

  1. Web site: Veeva Systems, Inc. Annual Report fiscal year ending January 31, 2024 (Form 10-K) . 25 March 2024 . U.S. Securities and Exchange Commission.
  2. Web site: Peter Gassner Profile . . 19 May 2022.
  3. News: Gage . Deborah . 16 October 2013 . Veeva Systems Soars in IPO In Win For Biotech Cloud Software . The Wall Street Journal . subscription . https://archive.today/20230719053514/https://www.wsj.com/amp/articles/DJFVW00020131016e9agqx3m0 . 19 July 2023 . live.
  4. News: Aggarwal . Varun . Das . Avik . 16 October 2013 . Cloud company Veeva's shares nearly double in debut . Reuters.
  5. Web site: Veeva Systems Inc. Class A Common Stock (VEEV) Quote & Summary Data. 2022-05-05. nasdaq.com. 2022-05-05.
  6. Web site: Veeva Becomes First Public Company to Convert to a Public Benefit Corporation . Business Insider . Insider Inc. . https://web.archive.org/web/20210301131125/https://markets.businessinsider.com/news/stocks/veeva-becomes-first-public-company-to-convert-to-a-public-benefit-corporation-1029967097 . 2021-03-01 . 2021-10-22.
  7. Veeva scoops up rival Zinc Ahead to create mega-content management platform . 2017-07-05 . 2015-10-05 . fiercepharma.com .
  8. Web site: Veeva to Acquire Crossix, the Leader in Privacy-Safe Patient Data and Analytics – Crossix. en-US. 2019-10-02.
  9. Web site: Veeva Acquires Physicians World | Veeva. November 7, 2019. www.veeva.com.
  10. Web site: Veeva Acquires Learnaboutgmp, a Leading GxP eLearning Content Provider | Veeva. August 3, 2021. www.veeva.com.

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