United Internet

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United Internet AG
Aktiengesellschaft
Traded as FWBUTDI
Industry Telecommunications
Predecessor 1&1 EDV-Marketing GmbH
Founded 1988 (1988)
Key people
Ralph Dommermuth (CEO and chairman of the management board), Kurt Dobitsch (Chairman of the supervisory board)
Services ISP, web hosting, webmail
Revenue €2.397 billion (2012)[1]
€153.7 million (2012)[1]
Profit €71.5 million (2012)[1]
Total assets €1.241 billion (end 2012)[1]
Total equity €815 million (end 2012)[1]
Number of employees
6,254 (end 2012)[1]
Website [1]

United Internet AG is a German Internet services company. With 2.91 million DSL customer contracts, it is a leading ISP in Germany.[2] It is headquartered in Montabaur, Rhineland-Palatinate.[3] Since 2003, it is listed on the TecDAX. In its operating business, United Internet AG acts primarily via 1&1 Internet and is active in various countries (as of February 2014: Austria, Canada, France, Germany, Italy, Mexico, Poland, Spain, United Kingdom, and USA).[4]

United Internet operates its own Internet backbone with computer clusters at several Internet exchange points (DE-CIX, INXS (Vodafone Munich Exchange), AMS-IX, LINX).[5]

History[edit]

In July 2008, United Internet AG acquired a 30% stake in Jimdo GmbH.[6] Jimdo's website builder became the core of 1&1's MyWebsite product (formerly dubbed "MyBusiness Site)".[7] Jimdo bought back its shares in 2009.[8]

United Internet AG's subsidiary 1&1 Internet AG acquired the DSL business from Freenet AG for EUR 123 million in May 2009.[9]

In 2013, through its subsidiary United Internet Ventures the company acquired a 25% share in Open Source Software company Open-Xchange.[10]

In February 2014 United Internet announced the acquisition of a 25% stake in e-commerce software company ePages.[11] ePages announced on the same day that the company will provide a new global e-commerce platform for customers of United Internet's 1&1 brand.[12]

In September 2014, United Internet announced it had agreed to acquire a 74.9 percent stake in Versatel from KKR for a fee of around €586 million.[13]

References[edit]

External links[edit]