Veeva among top global leaders in Forbes’ annual Fast Tech 25 list
PLEASANTON, Calif.--(BUSINESS WIRE)--
Veeva Systems (NYSE: VEEV), a leading provider of industry cloud
solutions for life sciences, was named among the top fastest growing
public technology companies on Forbes’ annual Fast
Tech 25 list. Veeva’s average sales growth of 47% over the past
three fiscal years ranked it fourth among companies on this year’s list.
Veeva’s ranking signifies the growing importance of industry cloud – a
new breed of specialized cloud solutions that are tailored to meet the
needs of a particular industry. According to Gartner, industry-specific
software is the largest segment of the enterprise software market.
For years, many industries have been stuck on aging industry-specific
client/server or custom solutions and unable to transition some of their
most crucial business processes to the cloud. Veeva was founded in 2007
on the premise that industry cloud would be the next wave of cloud
computing and pioneered industry cloud solutions for the life sciences
industry.
“Our tremendous growth has been fueled by the innovation we’ve brought
to the cloud technology market and our commitment to customer success,”
said Peter Gassner, Veeva founder and CEO. “We’re honored to be among
the most trusted providers to one of the largest global industries in
their mission to improve and extend life.”
Veeva’s industry cloud solutions are specifically designed to help life
sciences companies achieve their most pressing strategic objectives in
bringing drugs to market faster and more efficiently, marketing and
selling them more effectively, and maintaining compliance with
government regulations. Veeva’s growing base of 400 customers relies on
Veeva’s industry cloud solutions to address a broad range of business
requirements in the life sciences industry.
Each year Forbes ranks the 25 fastest-growing technology companies based
on their three-year average sales growth rates. Forbes evaluated more
than 5,000 public traded technology companies, looking for profitable
companies with a minimum revenue of $150 million and a minimum market
value of $500 million. Forbes then looked for firms with sales
growth of at least 10% for each of the past three fiscal years and over
the latest 12 months to compile its final rankings.
To learn more about Veeva visit www.veeva.com.
Additional Information
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About Veeva Systems
Veeva Systems Inc. is a leader in
cloud-based software for the global life sciences industry. Committed to
innovation, product excellence, and customer success, Veeva has more
than 400 customers, ranging from the world's largest pharmaceutical
companies to emerging biotechs. Veeva is headquartered in the San
Francisco Bay Area, with offices in Europe, Asia, and Latin America. For
more information, visit veeva.com.
Forward-looking Statements
This release contains
forward-looking statements, including the market demand for and
acceptance of Veeva’s products and services, the results from use of
Veeva’s products and services, and general business conditions,
particularly in the life sciences industry. Any forward-looking
statements contained in this press release are based upon Veeva’s
historical performance and its current plans, estimates, and
expectations, and are not a representation that such plans, estimates,
or expectations will be achieved. These forward-looking statements
represent Veeva’s expectations as of the date of this press
announcement. Subsequent events may cause these expectations to change,
and Veeva disclaims any obligation to update the forward-looking
statements in the future. These forward-looking statements are subject
to known and unknown risks and uncertainties that may cause actual
results to differ materially. Additional risks and uncertainties that
could affect Veeva’s financial results are included under the captions,
“Risk Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” in the company’s filing on Form
10-K for the period ended January 31, 2016. This is available on the
company’s website at veeva.com
under the Investors section and on the SEC’s website at sec.gov. Further
information on potential risks that could affect actual results will be
included in other filings Veeva makes with the SEC from time to time.
® 2016 Veeva Systems Inc. All rights reserved. Veeva and the Veeva logo
are trademarks of Veeva Systems Inc.
Veeva Systems Inc. owns other
registered and unregistered trademarks.

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Source: Veeva Systems