Veeva Systems Inc. (NYSE:VEEV) is looking for M&A. Brian Van Wagener Chief Financial Officer said during the 27th Annual Needham Growth Conference, "We take a very disciplined approach to M&A. You've seen us do a few things in the past. But it's a pretty high bar. Culture matters, the price of the asset matters.
It's got to really fit our strategy and where we're going. And so I think as we look in the life sciences space, I wouldn't anticipate major M&A there. Been surprised before, but I think what we've talked about is we'd predominantly be thinking about M&A for our customer success rather than to drive revenue directly in life sciences.
And so I think the predominant place we would look at larger M&A would be to support new markets. But it's super early there still, right? We're still building a platform, still picking which markets we want to enter.
And so we're going to take a disciplined approach there too. The bar remains really high. It's got to be a high-quality asset, good culture fit for Veeva.
Right price, right market for us. So we'll start with the platform, think about the markets, and then think through whether M&A is the right vehicle to support that".