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Veeva Systems | 10-K: Annual report

SEC announcement ·  Mar 25 16:11
Summary by Moomoo AI
Veeva Systems, a leader in cloud-based software for the global life sciences industry, has reported on various aspects of its operations and strategic initiatives. The company has achieved ISO 27001 certification for its Information Security Management System (ISMS) and ISO 27018 for privacy controls, underscoring its commitment to data security and privacy. Veeva Systems conducts regular vulnerability and penetration testing, both internally and through third-party specialists, to ensure the robustness of its cybersecurity measures. Additionally, the company mandates comprehensive security training for all employees and contractors, with specialized training for certain roles. Veeva Systems has also implemented disaster recovery and business continuity plans to mitigate the risk of business disruption from security incidents. The company's Supplier Management Program includes...Show More
Veeva Systems, a leader in cloud-based software for the global life sciences industry, has reported on various aspects of its operations and strategic initiatives. The company has achieved ISO 27001 certification for its Information Security Management System (ISMS) and ISO 27018 for privacy controls, underscoring its commitment to data security and privacy. Veeva Systems conducts regular vulnerability and penetration testing, both internally and through third-party specialists, to ensure the robustness of its cybersecurity measures. Additionally, the company mandates comprehensive security training for all employees and contractors, with specialized training for certain roles. Veeva Systems has also implemented disaster recovery and business continuity plans to mitigate the risk of business disruption from security incidents. The company's Supplier Management Program includes procedures for assessing suppliers and contractors to maintain product and process quality standards. On the legal front, Veeva Systems has settled its non-compete litigation with Sparta and Medidata, with the only remaining defendant being IQVIA. The company's common stock is listed on the New York Stock Exchange under the symbol 'VEEV.' Veeva Systems owns its corporate headquarters in Pleasanton, California, and leases additional office space across North America, Europe, Asia Pacific, and Latin America. The company plans to expand its facilities capacity in the fiscal year ending January 31, 2025, and anticipates further expansion as its employee base grows. Veeva Systems believes it can obtain additional space on commercially reasonable terms.

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