Home > Boards > US Listed > Computers - Software > Veeva Systems Inc. (VEEV)
Followed By 0
Posts 1
Boards Moderated 0
Alias Born 12/06/2013

Saturday, December 07, 2013 12:03:49 AM

Re: None

Post# of 58
Why. #1 95% of revenue tied to Salesforce.com platform Force.com. Their contract expires in 2015. Salesforce is making moves in life science space above and beyond Veev. #2 Because of this dependence their IP is materially tied up with Force.com capability, functionality, etc--it is not easy to port the Veeva CRM to another open source platform for example if not practically impossible #3 CRM space getting fairly saturated--they will continue to grow but not at the pace they have fairly soon; #4 Veeva Vault is a key market segment to expand rapidly to keep justifying multiples and extremely high valuation--problems with Vault include A) regulated content management highly slow moving space--sales cycles long and complex even for a few hundred thousand dollar deal B) space is very competitive from large players like EMC (Documentum); Microsoft (SharePoint); Oracle (various content management capabilities); IBM (Websphere,FileNet, etc), Open Text (Livelink, et al), etc. to niche traditional players such as Qumas, CSC< MasterControl, NextDocs, Pilgrim, etc. to new horizontal open source/cloud upstarts that will move into this space including Box, DropBox and multiple others. In summary regulated content management space VERY competitive; conservative industry; long sales cycles; highly controlled processes, etc...Anything but a fast moving; high growth market. Moreover in life science space Documentum maintains near 100% penetration of market (it is the regulated ECM standard) and most compliance systems have eSignatures stored in these system. Even if Veeva gives away free many companies won't move--too much risk; too much compliance anxiety. A few will move to Veev and Veev will continue to expand in this space but the growth won't be at the rate over the next 24 months that the market expects #5 data management and other solutions could be compelling since they are accumulating a lot of information but they will from an architectural standpoint have to move OFF of Force to breakout here. Overall fantastic execution by leadership. Kudos to them but it is inevitable that sooner rather than later this company will move down to 4X to 5X their revenues.
Recent VEEV News

IGEN Networks Corporation wins award to provide Medallion GPS to New York State Counties IGEN Jun 24, 2022 6:00 AM

BOX Pure Air Supplies Highland Park Independent School District (TX) AIRBOX ™ Air Purification Units Improving Air Quality in Schools SING Jun 23, 2022 1:05 PM

Gaensel Energy Group, Inc. (GEGR) Presents Its Partners and Activities of Its CONSORZIO GREEN SOLUTION & GNL GEGR Jun 23, 2022 11:40 AM

Resgreen Group Announces Major Milestone with LilBuddy ™ Pilot Testing RGGI Jun 23, 2022 7:07 AM

Demand Brands engages BF Borgers CPA PC as auditor DMAN Jun 22, 2022 9:11 AM

Global Fiber Technologies, Inc., Closes its First Round of Inventory Financing. GFTX Jun 22, 2022 9:00 AM

Maison Luxe Appoints Aether Diamonds CEO Ryan Shearman to Its Board of Directors MASN Jun 22, 2022 8:54 AM

Pasithea Therapeutics Acquires Alpha-5 Integrin, LLC KTTA Jun 22, 2022 8:07 AM

Amesite Launches V5 Platform, Enabling Every Business, University and Museum to Deliver or Sell AI-Powered, Branded eLearning AMST Jun 22, 2022 7:34 AM

Dalrada Financial Corporation Appoints Brian McGoff as President and Chief Operating Officer DFCO Jun 21, 2022 9:30 AM

Global Arena Holding Initiates 1 for 12 Reverse in Support of Potential Capital and Growth Endeavors GAHC Jun 21, 2022 7:21 AM

Hillcrest Investor Technology Poised For Central Role In The Reimagined Energy Future HLRTF Jun 20, 2022 6:04 AM

Co Brand Partners Investing in Social Revolution Jun 17, 2022 4:00 AM

Resgreen Group Announces Release of Significant Update to BotWay ™ Fleet and Management System RGGI Jun 16, 2022 6:00 AM

GoDaddy Founder, Bob Parsons Details Journey of Healing Through Psychedelics in Exclusive Interview With PSYC PSYC Jun 15, 2022 8:30 AM

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y