|[February 20, 2014]
Growing Number of Life Sciences Leaders Plan Investment in Veeva Systems' Industry Cloud Solutions in 2014
PLEASANTON, Calif. --(Business Wire)--
For the second year, Veeva Systems (NYSE:VEEV) has been ranked by life
sciences leaders as one of the top preferred software providers to the
industry, based on the Leading Indicators in Life Science IT Spending
Survey1 released by IDC (News - Alert) Health Insights. The 2014 report
shows Veeva was the only software provider to increase its position,
climbing four places, and is now fourth ranked overall.
The only industry cloud vendor to be named, Veeva delivers cloud-based
software solutions specifically designed to help life sciences companies
achieve their most strategic objectives - bringing drugs to market
faster and more efficiently, maximizing revenues, and maintaining
compliance with government regulations.
The results of this industry-wide survey follow the IDC MarketScape,
conducted by IDC Health Insights, naming Veeva a leader in its 2013
assessment of life sciences CRM solution providers2. The
IDC MarketScape noted Veeva CRM's user interface, ease-of-use, and
breadth of functionality as "among the best in the industry."
"The company's sole focus on the life sciences industry boosts Veeva's
unique understanding of market wants and needs," the IDC MarketScape
report continued. "This was echoed by the firm's customers, which gave
Veeva's life science market expertise extremely high marks."
Life sciences companies are increasingly relying on Veeva's cloud-based
technology solutions - spanning from commercial to clinical. Veeva's
Commercial Suite, including Veeva CRM, Veeva Network, and Veeva Vault,
enables life sciences companies to create a complete, up-to-date view of
the customer, deliver and manage compliant content, and engage customers
across communication channels. Veeva's Development Suite of content
management applications provides life sciences companies unparalleled
visibility and control over complex document processes. By connecting
business applications for clinical trial documents, regulatory
submissions content, and quality documentation, the Development Suite
helps companies work more efficiently while collaborating globally and
IDC Health Insights' 1Q14 Leading Indicators in Life Sciences IT
Spending Survey is a biannual budget tracking survey of several
hundred life sciences companies. The survey, which received responses
from 107 companies on planned IT budgetary spend, technology priorities,
and vendor preferences, asked participants to identify which vendors
servicing the life sciences market they expect to spend money with on
software, hardware, and IT services during 2014.
About Veeva Systems
Veeva Systems 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 170 customers, ranging from the
world's largest pharmaceutical companies to emerging biotechs. Founded
in 2007, Veeva is headquartered in the San Francisco Bay Area, with
offices in Philadelphia, Columbus, Toronto, Barcelona, Budapest, London,
Paris, Beijing, Shanghai, Osaka, Tokyo, Sydney, and Singapore. For more
information, visit www.veeva.com.
1 IDC Perspective: IDC Health Insights' Top Preferred Life
Science Technology Vendors for 2014, doc #HI246612, February 2014.
2 IDC MarketScape: Worldwide Life Science CRM Software 2013
Vendor Assessment, doc #HI242172, July 2013.
® 2014 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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