Pioneering Veeva Systems Offers Innovative Life Sciences Software

Veeva Systems pioneered cloud-based software solutions for the global life sciences industry. The industry leader is committed to innovation, product excellence, and customer success. More than 700 companies, ranging from the world's largest pharmaceutical companies to emerging biotechs, are Veeva customers thanks to a host of innovative products.

These products include Veeva Development Cloud and Veeva Commercial Cloud. Veeva Development Cloud brings together applications for clinical, regulatory, and quality to help organizations eliminate silos and drive end-to-end business processes across product development. Veeva Commercial Cloud helps companies drive smarter, more proactive engagement with healthcare professionals and healthcare organizations, and do it compliantly.

"The work we do impacts the health and well-being of billions of people around the world," says Tim Cabral, Chief Financial Officer. "Veeva's cloud technology enables our customers to move faster-delivering critical medicines, vaccines, and products that change the way people live, and for the better."

In 2018 the company added Veeva Nitro to its product offerings. Veeva Nitro is a life sciences-specific commercial data warehouse that eliminates the time and effort of custom data warehouses and provides a foundation for artificial intelligence and advanced analytics. Veeva Nitro provides an industry-specific data model and standard integrations that unify a company's most important data sources, including prescription, sales, formulary, and claims data. Data is automatically updated when data structures or sources change, eliminating the significant effort typically required to maintain a custom-built data warehouse.

Veeva was founded in 2007. Its two founders combined deep Silicon Valley expertise with deep life-sciences expertise, and the company quickly became one of the fastest-growing and most profitable cloud software companies. By offering its clients sophisticated, innovative applications, Veeva became a global pioneer with more than 2,500 employees around the world.

"The work we do impacts people's daily lives," notes Cabral. "Not many technology companies can say that at the end of the day, their work provides a public service. Over-the-counter medicine, vaccines, and live-saving treatments are able to get to market faster because the work we do optimizes processes, accelerates timelines, and helps solve complex business problems for our customers."

This customer-centric approach has worked well for Veeva. In fiscal 2019, the revenue retention rate for the company was a remarkable 122%. "I'm particularly proud of this metric as it demonstrates our customers' willingness to invest more with Veeva over time based on the success that they've had with our products and our people," says Cabral, who has been with the company for nine years.

Veeva Systems moved its company headquarters to Hacienda in January 2009. Today more than 650 Veeva employees work at the Hacienda campus. Veeva's great partnership with Hacienda allows the company to offer a variety of discounted transportation options to employees. The location provides other benefits as well.

"Many Veeva employees live within the Tri-Valley, so they are close to home and can work within their community," says Cabral. "That is the greatest benefit of being in Hacienda. Hacienda also contributes to employee quality of life via the area's outdoor parks, high-quality child-care facilities, and enhanced security."

The company supports the local community in several ways, including hosting Tri-Valley CoderDojo meetings on the fourth Wednesday of each month and, like Hacienda, sponsoring East Bay Bike to Work Day, which will be observed this year on May 9, 2019.

For more information about Veeva Systems, please visit www.veeva.com.

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