Case 26 Veeva Systems

Veeva is a major global provider of industry-specific cloud-based software solutions for the life sciences industry. The solutions provided by Veeva support pharmaceutical and life sciences firms to implement cloud-based architectures and mobile applications for its most important business functions. The solutions span cloud software, data, and business consulting which involve strategic business functions such as research and development to commercialization. The commercial solutions offered by the company facilitate life science companies to have better engagement with healthcare professionals and healthcare organizations across different communication channels. The R&D solutions for clinical, regulatory, and safety solutions facilitate life sciences firms to streamline their end-to-end product development processes to improve operational efficiency and maintain regulatory compliance in the product life system. The company also provides content and data management solutions to customers in the consumer products and chemical industries. The 5-year holding period return for Veeva Systems was 459% while the S&P 500 and S&P 1500 Application Software Index had holding period returns of 117% and 253%, respectively during the period 2017–2022.