Dedie Rule

Written by Dedie Rule

Modified & Updated: 28 May 2024


Veeva Systems is a name you might have heard if you're into cloud-based software for the life sciences industry. But what makes this company so special? Founded in 2007, Veeva has grown rapidly, offering solutions that help pharmaceutical and biotech companies manage their data, streamline operations, and ensure compliance. From clinical trials to commercial operations, Veeva's platforms are designed to improve efficiency and effectiveness. Did you know that Veeva was one of the first companies to offer industry-specific cloud solutions? Their innovative approach has set them apart, making them a leader in their field. Ready to learn more? Here are 20 facts about Veeva Systems that will give you a deeper understanding of this groundbreaking company.

Table of Contents

What is Veeva Systems?

Veeva Systems is a cloud-computing company focused on pharmaceutical and life sciences industries. They provide software solutions to help manage clinical trials, regulatory compliance, and customer relationships.

  1. Founded in 2007: Veeva Systems was established by Peter Gassner, who previously worked at Salesforce and PeopleSoft.

  2. Headquartered in California: The company is based in Pleasanton, California, a hub for many tech companies.

  3. Publicly Traded: Veeva Systems went public in 2013 and is listed on the New York Stock Exchange under the ticker symbol VEEV.

  4. Global Reach: Veeva has offices in North America, Europe, Asia, and Latin America, serving customers worldwide.

  5. Focus on Life Sciences: Unlike many tech companies, Veeva specializes in software solutions for the life sciences industry, including pharmaceuticals and biotechnology.

Veeva's Products and Services

Veeva offers a range of products designed to streamline various aspects of the life sciences industry. These products help companies manage data, improve efficiency, and ensure compliance.

  1. Veeva Vault: A cloud-based content management system that helps companies manage documents and data across the product lifecycle.

  2. Veeva CRM: Customer relationship management software tailored for the life sciences industry, helping companies manage interactions with healthcare professionals.

  3. Veeva Network: A master data management solution that ensures data accuracy and consistency across the organization.

  4. Veeva OpenData: Provides access to comprehensive healthcare professional and organization data to support sales and marketing efforts.

  5. Veeva Clinical: A suite of applications designed to streamline clinical trials, from study planning to execution and reporting.

Veeva's Impact on the Industry

Veeva Systems has significantly impacted the life sciences industry by providing innovative solutions that address specific challenges faced by pharmaceutical and biotech companies.

  1. Improved Compliance: Veeva's software helps companies comply with strict regulatory requirements, reducing the risk of non-compliance.

  2. Enhanced Efficiency: By automating various processes, Veeva's solutions help companies save time and resources.

  3. Better Data Management: Veeva's products ensure data accuracy and consistency, which is crucial for making informed decisions.

  4. Streamlined Clinical Trials: Veeva Clinical helps companies manage clinical trials more efficiently, speeding up the process of bringing new drugs to market.

  5. Increased Collaboration: Veeva's cloud-based solutions facilitate better collaboration among teams, both within the company and with external partners.

Veeva's Commitment to Innovation

Veeva Systems continually invests in research and development to stay ahead of industry trends and meet the evolving needs of its customers.

  1. Annual R&D Investment: Veeva invests a significant portion of its revenue in research and development to enhance its products and services.

  2. Customer Feedback: The company actively seeks feedback from its customers to improve existing products and develop new solutions.

  3. Partnerships: Veeva collaborates with other technology companies and industry organizations to drive innovation and stay competitive.

  4. Continuous Improvement: Veeva regularly updates its software to incorporate the latest technological advancements and industry best practices.

  5. Future Plans: The company aims to expand its product offerings and enter new markets, ensuring long-term growth and success.

Veeva Systems: Key Takeaways

Veeva Systems stands out in the cloud-based software industry, especially for life sciences. Their innovative solutions streamline clinical trials, regulatory compliance, and customer relationship management. Founded in 2007, Veeva has grown rapidly, becoming a trusted partner for many pharmaceutical and biotech companies. Their Veeva Vault platform offers a unified suite of applications, enhancing efficiency and collaboration.

With a strong focus on data security and regulatory standards, Veeva ensures that sensitive information remains protected. Their commitment to customer success is evident through continuous product updates and dedicated support. As the industry evolves, Veeva remains at the forefront, driving innovation and efficiency.

Understanding these key aspects of Veeva Systems can provide valuable insights into their impact on the life sciences sector. Whether you're in the industry or just curious, Veeva's contributions are worth noting.

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