- Veeva (NYSE:VEEV -1.5%) is buying Zinc Ahead, a U.K.-based provider of content management software for life sciences companies, for $130M in cash, including $10M in deferred compensation payable over 3 years. With Veeva buying Zinc through its U.K. subsidiary, offshore cash is likely being used.
- Zinc, founded in 2001, claims 165+ clients, with over 120 using its MAPS review and approval workflow content management solution. Veeva has 70+ clients for Vault PromoMats, which is used to manage promotional content.
- Veeva asserts the deal will "create a best-in-class solution that supports every step in the digital content lifecycle—from creation to expiration—developed and supported by top software and life sciences talent," and enable the creation of "an enhanced Vault PromoMats solution, bolstered by the unique strengths of Zinc Ahead’s offerings." Zinc CEO James Brown will lead Veeva's commercial content management ops.
- Earlier this year, Veeva bought Qforma Crowdlink, a key opinion leader (KOL) healthcare software/data solution.