Veeva Systems is the leading software vendor to life sciences companies. While Peter Gassner, co-founder and current CEO, was working at Salesforce.com he came up with the idea to develop a verticalized cloud solution solely focused on the life sciences industry. Because Salesforce.com didn’t want to specialize in this vertical, Veeva was founded. Veeva commercial cloud (including its core CRM product) was built on top of Salesforce.com’s platform and this commercial partnership still remains.
Great write-up! About Veeva's expansion outside the life science sector with QualityOne, any news from Salesforce about breaching their agreement? Veeva's partnership with Salesforce is arguably its biggest risk isn't it?
I was referring to this - "While Veeva is branching out to selling software to non-life sciences companies in the chemical, CPG and cosmetic industries (QualityOne), selling a CRM system to these companies would violate the agreement with Salesforce.com".
I read that Veeva's agreement with Salesforce has been extended to just 2025. Renewal risk?
Good writeup, thanks!
Excellent analysis, insightful, many thanks!!
Nice write-up. Keep it up!
optionality is defintely something I want to have in a company where invest, look at SEA
Great write-up! About Veeva's expansion outside the life science sector with QualityOne, any news from Salesforce about breaching their agreement? Veeva's partnership with Salesforce is arguably its biggest risk isn't it?
Thanks. You're saying there's a risk because QualityOne is outside of traditional pharma and biotech?
I was referring to this - "While Veeva is branching out to selling software to non-life sciences companies in the chemical, CPG and cosmetic industries (QualityOne), selling a CRM system to these companies would violate the agreement with Salesforce.com".
I read that Veeva's agreement with Salesforce has been extended to just 2025. Renewal risk?