Veeva Systems Recognized as Fastest Growing Life Sciences Sales and Marketing Vendor

Number of Customers Doubled and Employees Tripled in 2010
 
PLEASANTON, CA - January 4, 2011 - The last 12 months marked a banner year for life sciences CRM leader, Veeva Systems, recently recognized on IDC Health Insight's Vendor Watch List for 2011.
 
"Today, the fastest-growing vendor in the life sciences sales and marketing space is Veeva Systems, which has doubled its customer base in just the last year," said Eric Newmark, research manager at IDC Health Insights. "Such dramatic growth is a testament to Veeva's ability to successfully deliver cloud computing technology that meets the specific needs of today's life sciences companies."
 
Over the past 12 months, Veeva more than doubled its customer base, now representing more than 50 life sciences companies in more than 15 countries. Veeva customers include dozens of small and mid-sized specialty pharmaceutical and biotech organizations, plus half of the Top 20 largest drug producers in the world. Veeva also tripled its number of employees, and reports that it is growing sustainably at 100% going into 2011. Veeva opened its European headquarters in Barcelona and its Asian headquarters in China, with offices in Beijing and Shanghai.
 
Veeva's cloud-based architecture provides customers with a solution that is more functional, flexible, and cost-efficient than traditional alternatives. In addition, all Veeva customers benefit from free, automatic upgrades so users are always on the latest version of the software, aiding in regulatory compliance and enhancing overall system performance. In addition, Veeva customers benefit from a network of compatible applications with the Veeva WebTM - the only cloud-based CRM application network for the life sciences industry.
 
"We are extremely happy with our growth in 2010. More than growth numbers, however, it is customer satisfaction that remains the true barometer of Veeva's success," said Peter Gassner, president and CEO of Veeva Systems. "We plan to continue this momentum by continuously enhancing our product based on customer needs, extending our presence worldwide in support of global customers, and through the imminent launch of exciting new solutions that will provide great benefit to the market."
 
About Veeva CRM
The Veeva CRM suite of applications, comprised of VBioPharmaTM, VMobileTM, and VInsightsTM, is the life sciences industry's top SaaS-based CRM solution. As the foundation, VBioPharma offers multiple editions in one CRM product to accommodate the unique needs of various life sciences commercial teams. It is also the only pharma CRM application to come pre-validated for PDMA and CFR Part 11 compliance. The complete Veeva CRM suite gives customers the mobility and reporting solutions needed to drive user adoption and sales effectiveness.
 
About Veeva Systems
Veeva Systems is the leader in cloud-based solutions for the global life sciences industry. Committed to innovation, product excellence, and customer success, Veeva has over 50 customers, ranging from the world's largest pharmaceutical companies to emerging biotechs. Founded in 2007, Veeva is a privately held company headquartered in the San Francisco Bay Area, with offices in Philadelphia, Barcelona, Beijing, and Shanghai. For more information, visit www.veevasystems.com.

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