EVR-ISI Software: Daily Cloud Bytes (VEEV, OAI/Daybreak & More)

Research evidence excerpt

EVR-ISI Software: Daily Cloud Bytes (VEEV, OAI/Daybreak & More)

Technology | Software

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June 23, 2026

Kirk Materne, CFA EVR-ISI Software: Daily Cloud Bytes

212 497 0873 (VEEV, OAI/Daybreak & More) kirk.materne@evercoreisi.com

Peter Levine EVR-ISI Software Daily Nugget: Good morning. If you need another

212 497 0833 example of the inverse correlation with software and semis, today’s

peter.levine@evercoreisi.com market action is a pretty good example. In our view, the idea that these

Peter Burkly categories are mutually exclusive will fade over time, but for now it

212 497 0831 seems like it’s simply a money flow tug-of-war between the sectors, with

peter.burkly@evercoreisi.com software losing (in a big way) year to date. We continue to believe that

Bill McNamara the relative outperformance of certain ‘scaffolding’ names YTD is a

212 446 5626 positive sign that not all bottoms up analysis as it relates to software is

bill.mcnamara@evercoreisi.com

dead and the real question is what names, if any, can jump into the ‘cool

Charlie Zhou kids club’ (i.e. AI winners) in 2H. In other news, VEEV announced it has

646-551-8513

acquired Copli, the pioneer in agentic medical, legal and regulatory charlie.zhou@evercoreisi.com

(MLR) solutions for life sciences, and is making it available as Veeva Vinod Srinivasaraghavan, CFA

646-551-8831 Falcon MLR. Veeva describes Falcon MLR as an agentic MLR solution

Vinod.Srinivas@evercoreisi.com that significantly accelerates content review, with the potential to

eliminate 70% or more of manual MLR labor within five years. It brings

Weekly Video: agentic automation to marketing teams, MLR groups and agencies,

executing rigorous reviews of promotional and medical materials and

conducting compliance checks against approved labels and local