Veeva Systems Inc. is an American

cloud-computing Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over multip ...

company focused on

pharmaceutical A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy (pharmacotherapy) is an important part of the medical field and re ...

and life sciences industry applications. Headquartered in

Pleasanton, California Pleasanton is a city in Alameda County, California, United States. Located in the Amador Valley, it is a suburb in the East Bay region of the San Francisco Bay Area. The population was 79,871 at the 2020 census. In 2005 and 2007, Pleasanton wa ...

, it was founded in 2007 by

Peter Gassner Peter P. Gassner (born 1965) is the CEO and co-founder of Veeva, a company supporting processes in the pharmaceutical industry. With a net worth of US $5.25 billion, he is ranked 494th by ''Bloomberg'' on the list of billionaires worldwide. He i ...

and Matt Wallach. It works with

software as a service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...

(SaaS) in the life-science industry. The company went public in 2013. As of May 5, 2022, it has a

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

of US$27.5 billion. 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.

Acquisitions

In 2015, Veeva acquired Zinc Ahead, a content management software company. In 2019, Veeva acquired Crossix, a

privacy Privacy (, ) is the ability of an individual or group to seclude themselves or information about themselves, and thereby express themselves selectively. The domain of privacy partially overlaps with security, which can include the concepts of a ...

-safe patient data and analytics company. In 2019, Veeva acquired Physicians World LLC, a

pharmaceutical company The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered to patients (or self-administered), with the aim to cure them, vaccinate them, or alleviate sympto ...

that provides

business process outsourcing Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...

services. In 2021, Veeva acquired Learnaboutgmp LLC, which provides

compliance training Compliance training refers to the process of educating employees on laws, regulations and company policies that apply to their day-to-day job responsibilities. An organization that engages in compliance training typically hopes to accomplish sever ...

services for life sciences organizations.

References

External links

* Software companies based in the San Francisco Bay Area Software companies established in 2007 American companies established in 2007 2007 establishments in California Companies based in Pleasanton, California Cloud computing providers 2013 initial public offerings Companies listed on the New York Stock Exchange Software companies of the United States {{US-software-company-stub