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BARCELONA, April 1, 2024 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced that several early users are now active on Vault CRM, which is now the future-proof solution for all new customers. The first migrations for existing Veeva CRM customers to Vault CRM are expected to begin in early 2025, with the majority expected to begin in 2026 and 2027. Under specific circumstances, Veeva CRM may be sold to new customers in Asia and Latin America until the end of this year.

"We are delighted to deliver Vault CRM on time and the migration to Vault CRM is progressing as planned," said Arno Sosna, general manager of CRM products at Veeva. "Thank you to our customers for their excellent partnership and to our product team for developing an important product for the industry."

Vault CRM is part of Veeva Commercial Cloud.

About Veeva Systems

Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence and customer success, Veeva serves more than 1,000 customers, from the world's largest biopharmaceutical companies to emerging biotechnology companies. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.

Veeva Forward-Looking StatementsThis release contains forward-looking statements regarding Veeva's products and services and the expected results or benefits from the use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we undertake no obligation to update such statements. There are numerous risks that have the potential to adversely affect our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which can be found here (a summary of risks that may affect our business can be found on pages 9 and 10) and in our subsequent filings with the SEC, which can be accessed at sec.gov.

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