TeamViewer (company)
Headquarters in June 2021 | |
Company type | Public (Societas Europaea) |
---|---|
FWB: TMV | |
ISIN | DE000A2YN900 |
Industry | Software |
Founded | 2005 |
Headquarters | , Germany |
Area served | Worldwide |
Key people |
|
Services | Software and computer services |
Revenue | |
Total assets | |
Total equity | |
Number of employees | |
Website | www |
Footnotes / references TeamViewer Annual Report 2023 |
TeamViewer SE is an international technology company headquartered in Göppingen, Germany.[1][2] The company became known for the TeamViewer remote access and support software of the same name.[3] Within the TeamViewer software, customers can connect, monitor, and control computers, machines, and other devices.[4][5] It can be used in various industries, for example, to digitalize processes along the industrial value chain.[6] The company is listed on the stock exchange and is a member of MDAX and TecDAX.[7][8]
History
[edit]Start-up and growth phase
[edit]To reduce travel cost for customers and present quality management software remotely, Tilo Rossmanith developed the first version of the TeamViewer software in 2005.[9] It became the core product of the newly founded TeamViewer GmbH, which today operates as TeamViewer Germany GmbH.[10] The company's business model allowed private users to use the software free of charge, while companies had to purchase a license.[11]
In 2010, TeamViewer GmbH was acquired by GFI Software.[12] In 2014, British private equity firm Permira acquired TeamViewer and helped the company develop an international customer base and expand the scope of its products.[13] With a purchase price of around one billion US dollars, the company was classified as a so-called "unicorn", the designation for an unlisted company worth at least one billion US dollars.[14][15]
Initial public offering
[edit]From the beginning of 2018, the company changed its business model from the previous sale of licenses to subscriptions.[16] This followed a general trend in the IT industry and helped TeamViewer to grow further.[17][18][19] In preparation for an IPO, a new corporate structure was created in 2019.[20] The newly created TeamViewer AG became the owner of the then renamed TeamViewer Germany GmbH.[21][22]
The company was initially listed on the Frankfurt Stock Exchange in September 2019.[23][24][25] With an issue volume of €2.2 billion, it was the largest IPO of a German technology company since 2000 and the largest IPO in Europe in 2019.[26] By the end of 2019, TeamViewer's shares had been admitted to the MDAX and TecDAX stock indices.[27][28]
Company
[edit]TeamViewer SE is a European stock corporation (Societas Europaea). Together with its domestic and foreign subsidiaries, it forms the TeamViewer Group. The most important subsidiaries include TeamViewer Germany GmbH, which is responsible for the operating business.
TeamViewer's shares are traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.[29] Around 75% of the shares are in free float. Shareholders are Permira, BlackRock and the Norges Bank, amongst others.[30][31]
Management
[edit]The executive board of TeamViewer consists of Oliver Steil (chief executive officer), Michael Wilkens (chief financial officer), Peter Turner (chief commercial officer) and Mei Dent (chief product officer & chief technology officer).[1] The extended management board (senior leadership team) consists of nine people.
The supervisory board of TeamViewer has seven members; its chairman is Ralf W. Dieter.[32]
Locations
[edit]TeamViewer's headquarters are located at Bahnhofsplatz in Göppingen.[33] The building had been constructed by the city and was originally intended to be used as an extension of the city hall,[34] before it was offered to the company to keep it in Göppingen.[35][36]
Internationally, TeamViewer has multiple subsidiaries and locations on all continents. The key locations for research and development are Yerevan, Armenia, and Ioannina, Greece.[37][38]
Acquisitions
[edit]- 2020: Ubimax, a German specialized augmented reality software provider for wearables[39]
- 2021: Upskill, a United States industrial augmented reality software provider[40]
- 2021: Xaleon, an Austrian customer engagement solutions provider[41]
- 2021: Viscopic, a German mixed reality solutions provider[42]
Products
[edit]Software
[edit]TeamViewer became known primarily for its remote access, control, and maintenance software for computers and mobile devices.[43] The software, called TeamViewer, supports all major desktop, smartphone, and tablet operating systems, including Windows, macOS, Android, and iOS.[44] The software is free for private, non-commercial use.[45]
Platform
[edit]The TeamViewer platform enables the connection of a wide range of devices.[46][47] TeamViewer offers augmented reality applications to help frontline workers simplify their work processes with step-by-step instructions, or to help service technicians remotely solve complex problems on machines.[48]
There are interfaces to other applications and services, such as Microsoft Teams.[49][50]
Sponsoring
[edit]Since 2020, TeamViewer has been the main sponsor of the Handball-Bundesliga teams of Frisch Auf Göppingen.[51]
In 2021, TeamViewer became the principal shirt sponsor of Manchester United in a five-year deal beginning with the 2021–22 season.[52] The same year, TeamViewer entered a partnership with the Mercedes-AMG Petronas Formula One Team and the Mercedes-EQ Formula E Team, who will use the company's branding on cars and drivers' racing suits.[53]
References
[edit]- ^ a b "TeamViewer AG", Bloomberg, retrieved April 23, 2024
- ^ Nico Pointner (January 6, 2017), "Das Einhorn von Göppingen", Frankfurter Rundschau (in German), p. 15
- ^ Lisa Hegemann (September 25, 2019), "Ein schwäbisches Digitalwunder", Zeit Online (in German), retrieved February 4, 2020
- ^ "TeamViewer Supports Apple Silicon", Financial Times, November 24, 2020, retrieved February 16, 2021
- ^ Michael Kroker (May 5, 2017), "Das Ding versteht Schwäbisch.", WirtschaftsWoche (in German), retrieved February 4, 2020
- ^ Susanne Preuß, Bastian Benrath (November 11, 2020), "Schwäbischer Tech-Konzern: Was TeamViewer hinter den Kulissen plant.", Faz.net (in German), retrieved February 4, 2021
- ^ MDAX (in German), Börse Frankfurt, retrieved February 4, 2020
- ^ TecDAX (in German), Börse Frankfurt, retrieved February 4, 2020
- ^ Holzki, Larissa; Kerkmann, Christof; Zhang, Effy (June 5, 2020), "Per Mausklick in die Firma", Handelsblatt (in German), p. 27, retrieved February 4, 2020
- ^ About TeamViewer (in German), Rossmanith GmbH, archived from the original on April 19, 2005, retrieved February 4, 2020
- ^ Hannah Scherkamp (October 30, 2015), "TeamViewer: So läuft's beim schwäbischen Hidden Champion.", Gründerszene (in German), retrieved February 4, 2020
- ^ "Permira funds to acquire leading software firm TeamViewer from GFI Software" (PDF). Permira. Archived from the original (PDF) on May 21, 2014. Retrieved July 2, 2015.
- ^ Klaus Max Smolka (July 4, 2014), "TeamViewer geht an Permira.", Faz.net (in German), retrieved February 4, 2020
- ^ Porter, Kiel; Baigorri, Manuel; Syed, Sarah (July 18, 2017), Permira Weighs Sale of Software Company TeamViewer, Bloomberg, retrieved February 10, 2021
- ^ "Das Einhorn von Göppingen", Handelsblatt (in German), January 7, 2017, retrieved February 4, 2020
- ^ Robert Landgraf (September 13, 2019), "Reifeprüfung Börsengang", Handelsblatt (in German), retrieved February 4, 2020
- ^ Michael Kroker (October 31, 2018), "TeamViewer-CEO Steil: "Die DSGVO ist für uns ein Wettbewerbsvorteil."", WirtschaftsWoche (in German), retrieved February 4, 2020
- ^ Sebastian Schmid (February 23, 2019), "TeamViewer behält Übernahmen im Blick.", Börsen-Zeitung (in German), p. 11
- ^ ""Permira steht für Wachstum."", Börsen-Zeitung (in German), p. 11, December 22, 2015
- ^ Stefan Nicola (August 2, 2019), Permira-Backed TeamViewer CEO Favors Possible German Tech IPO, Bloomberg, retrieved February 9, 2021
- ^ Holzki, Larissa; Köhler, Peter; Landgraf, Robert (August 23, 2019). "TeamViewer strebt an die Börse". Handelsblatt (in German). p. 21.
- ^ Unternehmensregister (in German), Bundesanzeiger Verlag, retrieved February 4, 2020
- ^ Heidi Rohde (September 13, 2019), "TeamViewer stößt auf hohes Interesse.", Börsen-Zeitung (in German), p. 9
- ^ "TeamViewer AG / Information on First Quotation", Xetra, Deutsche Börse, September 25, 2019, retrieved February 9, 2021
- ^ Peter Köhler, Robert Landgraf (September 25, 2019), "Was Anleger zu Teamviewer wissen müssen.", Handelsblatt (in German), p. 32
- ^ Thorsten Mumme (September 21, 2019), "Superlative ohne Ende", Der Tagesspiegel (in German), p. 17
- ^ Andreas Cünnen (December 4, 2019), "Überraschender MDAX-Aufsteiger", Handelsblatt (in German), p. 39
- ^ Andreas Cünnen (December 4, 2019), "Indexwechsel: Das sind die neuen Aktien im DAX, SDAX und TecDAX.", Handelsblatt (in German), retrieved February 4, 2020
- ^ Basic Information, TeamViewer AG, retrieved February 4, 2020
- ^ Shareholder Structure, TeamViewer AG, retrieved November 17, 2022
- ^ "TeamViewer AG / Company Details", Börse Frankfurt, retrieved November 17, 2022
- ^ "Unternehmer Ralf W. Dieter, ehemals CEO der Dürr AG, wird neuer TeamViewer-Aufsichtsrat", Wallstreet Online (in German), retrieved April 23, 2024
- ^ Douglas Busvine (November 10, 2020), "TeamViewer Says Demand Normalises After Pandemic Surge", Yahoo News, retrieved February 14, 2021
- ^ "Firma will ins neue Rathaus.", Neue Württembergische Zeitung (in German), January 22, 2019
- ^ "TeamViewer darf ins Rathaus.", Neue Württembergische Zeitung (in German), February 15, 2019
- ^ "Stadt plant für Unternehmen um", Neue Württembergische Zeitung (in German), p. 19, December 6, 2019
- ^ E. Tsiliopoulos (October 15, 2019), "German Firm TeamViewer Opens New Center in Ioannina", New Greek Television, retrieved February 10, 2021
- ^ "The German TeamViewer invests in Ioannina", Knowledge Bridges, January 22, 2020, retrieved February 11, 2021
- ^ "Teamviewer buy augmented reality firm Ubimax". Reuters. July 15, 2020. Retrieved September 16, 2020.
- ^ "TeamViewer acquires U.S. augmented reality software firm Upskill". Reuters. March 2, 2021. Retrieved January 28, 2022.
- ^ Holzki, Larissa; Kerkmann, Christof (January 19, 2021). "Übernahme von Xaleon: Teamviewer baut neues Geschäftsfeld auf". Handelsblatt (in German). Retrieved January 28, 2022.
- ^ Wurm, Michaela (May 11, 2021). "Teamviewer kauft Mixed-Reality-Startup". ICT Channel (in German).
- ^ "Wie geht das? TeamViewer ermöglicht Hilfe aus der Ferne", Berliner Zeitung (in German), p. 8, December 29, 2007
- ^ Franz Công Bùi (August 1, 2012), "TeamViewer-App ermöglicht Zugriff auf Computer aus der Ferne", Börsen-Zeitung (in German), p. 19
- ^ Georg Drabner (April 24, 2009), "Hilfe aus der Ferne", Saarbrücker Zeitung (in German)
- ^ Sebastian Schmid (September 26, 2019), "Die Zukunft ist ferngesteuert.", Börsen-Zeitung (in German), p. 8
- ^ Armin Mahler (June 25, 2016), "Herr der Dinge", Der Spiegel (in German), p. 70, retrieved February 4, 2021
- ^ Teamviewer Buy Augmented Reality Firm Ubimax, Reuters, July 15, 2020, retrieved February 4, 2020
- ^ "Microsoft to integrate TeamViewer in Microsoft Teams", The Hindu Business Line, September 3, 2020, retrieved February 15, 2021
- ^ "TeamViewer Integrates with Microsoft Teams", Enterprise IT World, September 2, 2020, retrieved February 9, 2021
- ^ Thiele, Helge (September 29, 2020), "TeamViewer will Frisch Auf in Champions League führen.", Neue Württembergische Zeitung (in German), p. 15
- ^ Jackson, Jamie (March 19, 2021), "Manchester United Sign £235m Shirt Sponsorship Deal With TeamViewer", The Guardian, retrieved May 12, 2021
- ^ TeamViewer in Five-Year Sponsorship Deal With Mercedes F1 and FE Teams, Reuters, March 30, 2021, retrieved May 12, 2021