Then, Cramer spoke with Veeva Systems founder and CEO Peter Gassner, who spoke to the cloud company’s new QualityOne product.
The cloud-based quality management program applies to new fields for Veeva that include cosmetics, chemicals, food and industrial manufacturing, Gassner said.
“We have an offering for them now, and we’re just starting to get traction out there,” the CEO told Cramer on Monday. “We’re talking about health and human safety, absolutely, but we’re also talking about quality as it refers to the brand reputation.”
Gassner said the biggest draw for new QualityOne customers was their need to coordinate quality management with suppliers. The best way to reach suppliers is through a cloud-based system, and no programs exist currently that serve that kind of correspondence, Gassner said.
“We’re going to serve this under-served market,” Gassner said. “It reminds me of what ServiceNow did when they really started focusing on IT operations, really bringing a cloud solution … and all of a sudden you’ve got a big market. That’s what we’re trying to do with QualityOne. There’s a big, pent-up demand there, and I think we’re uncovering it.”