Topic: How To Invest

Q: Pat, can you give me your recommendation for Veeva Systems? It seems to have a good software niche. Thanks.

Article Excerpt

A: Veeva Systems Inc., $202.85, symbol VEEV on New York (Shares outstanding: 145.7 million; Market cap: $32.3 billion; www.veeva.com), is a provider of cloud-based customer relationship management (CRM) software for the life sciences, cosmetics and consumer-products industries. The San Francisco-based company has more than 1,350 customers, ranging from large pharmaceutical firms to biotech startups. Veeva’s products include its Veeva Vault Clinical Data Management System (CDMS)—a cloud application to help life sciences companies better manage their clinical data. Cloud apps let users access software through the web and store data files on remote servers. Veeva Vault combines multiple tools in one app so that drug developers can make faster and more informed decisions. Veeva also offers Veeva Commercial Cloud. This is a product family comprised of software and data solutions built specifically for life sciences companies to more efficiently market and sell their products. Veeva Commercial Cloud includes solutions for the sales, medical affairs, and marketing functions of a life sciences company. Veeva CRM lets…