Veeva Systems Inc. (NYSE: VEEV)

Veeva Systems is the dominant provider of cloud software for the global life sciences industry, offering solutions for customer relationship management, clinical trials, regulatory compliance, and quality management. The company's products are used by virtually every major pharmaceutical and biotech company worldwide. Veeva's industry-specific focus gives it deep domain expertise that horizontal software vendors cannot easily replicate.

Veeva earns revenue from software subscriptions and professional services, with the subscription business generating the vast majority of revenue at high margins. The company's Vault platform for content management and regulatory submissions has become the growth engine alongside the legacy CRM business.

Peter Gassner founded Veeva in 2007 after serving as a senior executive at Salesforce. The company went public in 2013 and was initially built on the Salesforce platform. Veeva announced in 2022 that it would migrate its CRM product off Salesforce onto its own platform by 2025—a bold move that reduces dependency on a potential competitor.