Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 459

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 1
Chunk 459
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 in the future, and we may face competition from new market entrants as well.

We believe the principal competitive factors in our market include the following:

•level of customer satisfaction;

•regulatory compliance verification and functionality;

•domain expertise with respect to life sciences;

•ease of deployment and use of solutions and applications;

•breadth and depth of solution and application functionality;

•brand awareness and reputation;

•modern and adaptive technology platform;

•capability for customization, configurability, integration, security, scalability and reliability of applications;

•total cost of ownership;

•ability to innovate and respond to customer needs rapidly;

•size of customer base and level of user adoption;

•ability to secure the rights to load and process third party proprietary data licensed by customers; and

•ability to integrate with legacy enterprise infrastructures and third-party applications.

We believe that we generally compete favorably on the basis of these factors.

Intellectual Property

We rely on a combination of patents, trade secrets, copyrights and trademarks, as well as contractual protections, to establish and protect our intellectual property rights. We have developed a process for seeking patent protection for our technology innovations. The table below provides a summary of our issued patents and pending patent applications as of January 31, 2025:

Issued U.S. patents (expiring between May 2027 and May 2044)83Issued international patents (expiring between April 2025 and June 2037)13U.S. and international pending patent applications121

Our patents and patent applications cover technology within our Veeva Development Cloud, Veeva Commercial Cloud, Veeva Data Cloud, and Veeva Quality Cloud product families. We plan to continue expanding our patent portfolio. We require our employees, consultants, and other third parties to enter into confidentiality and proprietary rights agreements, and we control access to software, documentation, and other proprietary information. Although we rely on our intellectual property rights, as well as contractual protections to establish and protect our proprietary rights, we believe that factors such as the technological and creative skills of our personnel, creation of new features and functionality and frequent enhancements to our applications are essential to establishing and maintaining our technology leadership position as a provider of technology solutions to the life sciences industry.

Despite our efforts to protect our proprietary technology and our intellectual property rights, unauthorized parties may attempt to copy or obtain and use our technology to develop applications with the same functionality as our 

Veeva Systems Inc. | Form 10-K7

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application. Policing