Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company's industry cloud for life sciences consists of the solution sets: Veeva CRM, its core customer relationship management solution and related solutions; Veeva Vault, its regulated content management and collaboration solutions; Veeva Network, its customer master data management solution, and Veeva OpenKey, its data and related services offerings. All of its solutions are delivered in the cloud or via intuitive mobile applications, and are offered to its customers on a subscription basis. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production, the prior version is replaced.