Veeva Systems

Veeva Systems Inc. is an American cloud-computing company focused on pharmaceutical and life sciences industry applications.[1] Headquartered in Pleasanton, California, it was founded in 2007 by Peter Gassner and Matt Wallach.[2] It works with software as a service (SaaS) in the global life-science industry.[3]

Veeva Systems Inc.
TypePublic
NYSE: VEEV (Class A)
Russell 1000 Component
IndustrySoftware
Founded2007 (2007)
FounderPeter Gassner
Matt Wallach
Headquarters
Pleasanton, California
,
United States
Key people
Peter Gassner, Co-founder and CEO
Revenue
  • US$ 1.1 billion
  • (FY JAN 31 2020)
Websiteveeva.com

The company went public in 2013.[4] As of August 21, 2020, it had a market capitalization of US$40 billion.[5]

On January 14, 2021 Veeva announced it will become a public benefit corporation on Feb. 1, 2021. This will make it the first publicly traded company and largest-ever to convert to a PBC.[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]

References
  1. Kerry A. Dolan (2013-11-06). "Veeva Systems' CEO On Why Pharma Needs His Cloud Software". Forbes Magazine. Retrieved 2016-04-12.
  2. Nicholas Basta (2016-03-10). "A Conversation with Matt Wallach, Veeva Systems". Pharmaceutical Commerce. Retrieved 2016-04-12.
  3. "Meet Our Partners - Ardent". www.ardentisys.com.
  4. "Emergence VC Ritter on why he raised only a third of $1B he could have". bizjournals.com. 2015-02-11. Retrieved 2017-07-05.
  5. "Veeva Systems Inc. Class A Common Stock (VEEV) Quote & Summary Data". nasdaq.com. 2020-08-21. Retrieved 2020-08-21.
  6. "Veeva Becomes First Public Company to Convert to a Public Benefit Corporation". Business Insider. Insider Inc. Retrieved 17 January 2021.
  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.
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