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Salesforce and Veeva Systems Are Set to Sever Ties. Here's What Investors Need to Know

Salesforce and Veeva Systems Are Set to Sever Ties. Here's What Investors Need to Know

Cloud software provider for the life sciences industry Veeva Systems (NYSE: VEEV) announced it's divorcing longtime partner Salesforce (NYSE: CRM) although Veeva hopes the two companies can remain friends. Like Salesforce, Veeva has seen slowing growth amid global economic turmoil. Veeva Systems was co-founded by CEO Peter Gassner back in 2007.