he's the founder and ceo of veeva systems. mr. gassner, welcome back to "mad money." >> thanks, jim. glad to be here. >> reporter: peter, last time i saw you we were talking about vault, and you had a nice suite of products. but now i think you've made the suite gigantically. so why don't you tell our viewers what sets vault apart from other cloud-based content management systems and while it's unique also for the life science sector? >> vault really is going well for us, jim. as you remember, we went public about three years ago and vault was a $15 million business. now it's at a $220 million run rate. actually last quarter we announced we signed our two biggest vault deals ever. so it's really taken off. but if you want to unpack that, why is it taking off? it's a unique platform that we need for our life sciences customers. it handles content like documents, videos, et cetera, but also data. data points about attributes of documents. it handles that all together, and it's actually the only kind of platform that does that. so we

last night we had a guy from veeva on, very good company. a lot of his clients are exactly the same as your clients in the life sciences. do you guys integrate? how does that work? >> we do see each other within the life sciences space. we're obviously focused on more horizontal use cases, which to us means we want to solve everything from how the r&d team collaborates to the sales and marketing teams share their content to how the finance team works with their external auditors. so we are in many large life sciences companies, organizations like eli lilly, allergan, amgen, pfizer, and many others. and in some of those environments, those customers are using veeva for a number of very important use cases. so we see ourselves as a part of a broader industry trend where enterprises in every industry are going to leverage best of breed platforms for different parts of their technology stack. so we do tend to see them, microsoft, salesforce and many others within our customers. >> i always want our viewers to understand there's ecosystems. you'r