Veeva Systems Boosts Europe Presence with 2 Data Centers
Provider of industry-specific cloud-based software solutions, Veeva Systems Inc. (VEEV) continues to expand its global footprint. The company recently announced the opening of two new European data centers, located in Germany and the U.K.
The launch of these facilities will provide European customers with the opportunity to store their data within the region. At the same time, these will aid in streamlining conformity with local data privacy laws and international regulatory requirements.
The new data centers are expected to support European and global customers’ needs for all of the company’s cloud-based solutions such as Veeva CRM, Veeva Network and Veeva Vault. The Veeva European data centers are also projected to expand the existing stringent Safe Harbor certifications in order to help the company meet compliance and regulatory requirements now and in the future.
The two new data centers, as per management, are able to offer the highest levels of security and energy efficiency. They are also well built to rapidly scale services in times of need.
Additionally, Veeva Systems, at its European Commercial Summit, announced the availability of the Veeva Network Provider Database for Europe, beginning with the top five markets. This is expected to provide life sciences companies with access to accurate healthcare professional (“HCP”), healthcare organization (“HCO”) and affiliations data.
These developments underscore the recent fourfold expansion of the Veeva Systems’ Budapest office.
We believe that the new initiatives will further boost Veeva Systems’ top-line growth in the European region. Moreover, it will help them to fight off stiff competition from the likes of IMS Health Holdings, Inc (IMS), Informatica Corp (INFA) and Oracle Corp (ORCL).
Currently, Veeva Systems carries a Zacks Rank #2 (Buy).
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