TeamViewer (company)

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This article is about the international technology company. For the remote access and remote control software, see TeamViewer.

TeamViewer AG
Company typeAktiengesellschaft
FWB: TMV
ISINDE000A2YN900
IndustrySoftware
Founded2005; 19 years ago (2005)
Headquarters
Göppingen
,
Germany
Number of locations
13 (2021)
Area served
Worldwide
Key people
Servicessoftware & computer services
RevenueIncrease €501.1 million (2021)
Decrease €117.4 million (2021)
Total assetsIncrease €1,546 billion (2021)
Total equityIncrease €320.1 million (2021)
Number of employees
1,477 (2021)
Websitewww.teamviewer.com
Footnotes / references
Annual Report 2021[1]

TeamViewer AG is an international technology company headquartered in Göppingen, Germany.[2][3] The company became known for the TeamViewer remote access and support software of the same name.[4] Today, TeamViewer AG offers its customers a global platform for connecting, monitoring, and controlling computers, machines, and other devices.[5][6] TeamViewer's software is used in companies of all sizes and from all industries, for example, to digitalize processes along the industrial value chain.[7] The company is listed on the stock exchange and is a member of MDAX and TecDAX.[8][9]

History

Start-up and growth phase

The foundation of TeamViewer dates back to the release of the first version of TeamViewer software in 2005. To reduce travel to customers and present quality management software remotely, the founder of Rossmanith GmbH developed the TeamViewer software.[10] The software became the core product of TeamViewer GmbH, which today operates as TeamViewer Germany GmbH.[11] The company's business model allowed private users to use the software free of charge, while companies had to purchase a paid license. This model continues to date.[12]

In 2010, TeamViewer GmbH was acquired by GFI Software.[13] In 2014, British private equity firm Permira acquired TeamViewer and helped the company develop its international customer base and expand the scope of its products.[14] 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.[15][16]

Initial public offering

From the beginning of 2018, the company changed its business model from the previous sale of licenses to subscriptions.[17] This followed a general trend in the IT industry and helped TeamViewer GmbH to grow further.[18][19][20] In preparation for an IPO, a new corporate structure was created in 2019.[21] The newly created TeamViewer AG became the owner of the then renamed TeamViewer Germany GmbH.[22][23]

The initial listing on the Frankfurt Stock Exchange in September 2019 was met with strong investor interest.[24][25][26] With an issue volume of 2.2 billion euros, it was the largest IPO of a German technology pytt company since 2000 and the largest IPO in Europe in 2019.[27] By the end of 2019, TeamViewer AG’s shares had already been admitted to the MDAX[28] and TecDAX stock indices.[29]

Recently, TeamViewer expanded its portfolio, particularly in industry solutions.

Company

TeamViewer AG is a German stock corporation. 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.[1]

TeamViewer AG's shares are traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.[30] Around 75% of TeamViewer AG's shares are in free float. Important shareholders are Permira, Norges Bank, and BlackRock.[31][32]

Management

The Management Board of TeamViewer AG consists of Oliver Steil (Chief Executive Officer), Michael Wilkens (Chief Financial Officer) and Peter Turner (Chief Commercial Officer).[2] The extended Management Board (Senior Leadership Team) consists of nine people. The Supervisory Board of TeamViewer AG has six members. Its chairman is Abraham Peled.[33]

Locations

TeamViewer AG's headquarters is located at Bahnhofsplatz in Göppingen.[34] The building had been constructed by the city and was originally intended to be used as an extension of the city hall,[35] before it was offered to the rapidly growing company to keep it in Göppingen.[36][37]

Internationally, TeamViewer AG has numerous subsidiaries and locations on all continents. For example, the key locations for research and development are Yerevan, Armenia and Ioannina, Greece.[38][39]

Acquisitions

Products

Software

Main article: TeamViewer

TeamViewer became known primarily for a solution for remote access to, as well as remote control and maintenance of, computers and mobile devices.[44] The software, called TeamViewer, supports all major desktop, smartphone, and tablet operating systems, including Windows, macOS, Android, and iOS.[45] The software is free for private, non-commercial use.[46]

Platform

The TeamViewer platform enables the connection of a wide range of devices in companies of all sizes and from all industries.[47][48] Also, 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.[49]

There are interfaces to other applications and services, such as Microsoft Teams.[50][51]

Sponsoring

Since 2020, TeamViewer AG has been the main sponsor of the Handball-Bundesliga teams of Frisch Auf Göppingen.[52]

In 2021, TeamViewer AG became the principal shirt sponsor of Manchester United in a five year deal starting from the 2021–22 season. The Premier League club also plans to use the company's solutions for the digitalization of fan experiences and business processes.[53] The same year, TeamViewer AG entered a partnership with the Mercedes-AMG Petronas Formula One Team and the Mercedes-EQ Formula E Team. Besides prominent branding on cars and drivers’ racing suits and teamwear, the partnership includes transferring use cases from the racetrack to the industrial environment of TeamViewer’s customers.[54]

References

  1. ^ a b TeamViewer AG, Annual Report 2021 (PDF), TeamViewer AG, retrieved March 15, 2022
  2. ^ a b "TeamViewer AG", Bloomberg, retrieved February 4, 2020
  3. ^ Nico Pointner (January 6, 2017), "Das Einhorn von Göppingen", Frankfurter Rundschau (in German), p. 15
  4. ^ Lisa Hegemann (September 25, 2019), "Ein schwäbisches Digitalwunder", Zeit Online (in German), retrieved February 4, 2020
  5. ^ "TeamViewer Supports Apple Silicon", Financial Times, November 24, 2020, retrieved February 16, 2021
  6. ^ Michael Kroker (May 5, 2017), "Das Ding versteht Schwäbisch.", WirtschaftsWoche (in German), retrieved February 4, 2020
  7. ^ Susanne Preuß, Bastian Benrath (November 11, 2020), "Schwäbischer Tech-Konzern: Was TeamViewer hinter den Kulissen plant.", Frankfurter Allgemeine Zeitung (in German), retrieved February 4, 2021
  8. ^ MDAX (in German), Börse Frankfurt, retrieved February 4, 2020
  9. ^ TecDAX (in German), Börse Frankfurt, retrieved February 4, 2020
  10. ^ Larissa Holzki, Christof Kerkmann, Effy Zhang (June 5, 2020), "Per Mausklick in die Firma", Handelsblatt (in German), p. 27, retrieved February 4, 2020{{citation}}: CS1 maint: multiple names: authors list (link)
  11. ^ About TeamViewer (in German), Rossmanith GmbH, archived from the original on April 19, 2005, retrieved February 4, 2020
  12. ^ Hannah Scherkamp (October 30, 2015), "TeamViewer: So läuft's beim schwäbischen Hidden Champion.", Gründerszene (in German), retrieved February 4, 2020
  13. ^ "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.
  14. ^ Klaus Max Smolka (July 4, 2014), "TeamViewer geht an Permira.", Frankfurter Allgemeine Zeitung (in German), retrieved February 4, 2020
  15. ^ Kiel Porter, Manuel Baigorri, Sarah Syed (July 18, 2017), Permira Weighs Sale of Software Company TeamViewer, Bloomberg, retrieved February 10, 2021{{citation}}: CS1 maint: multiple names: authors list (link)
  16. ^ "Das Einhorn von Göppingen", Handelsblatt (in German), January 7, 2017, retrieved February 4, 2020
  17. ^ Robert Landgraf (September 13, 2019), "Reifeprüfung Börsengang", Handelsblatt (in German), retrieved February 4, 2020
  18. ^ Michael Kroker (October 31, 2018), "TeamViewer-CEO Steil: "Die DSGVO ist für uns ein Wettbewerbsvorteil."", WirtschaftsWoche (in German), retrieved February 4, 2020
  19. ^ Sebastian Schmid (February 23, 2019), "TeamViewer behält Übernahmen im Blick.", Börsen-Zeitung (in German), p. 11
  20. ^ ""Permira steht für Wachstum."", Börsen-Zeitung (in German), p. 11, December 22, 2015
  21. ^ Stefan Nicola (August 2, 2019), Permira-Backed TeamViewer CEO Favors Possible German Tech IPO, Bloomberg, retrieved February 9, 2021
  22. ^ Larissa Holzki, Peter Köhler, Robert Landgraf (August 23, 2019), "TeamViewer strebt an die Börse.", Handelsblatt (in German), p. 21{{citation}}: CS1 maint: multiple names: authors list (link)
  23. ^ Unternehmensregister (in German), Bundesanzeiger Verlag, retrieved February 4, 2020
  24. ^ Heidi Rohde (September 13, 2019), "TeamViewer stößt auf hohes Interesse.", Börsen-Zeitung (in German), p. 9
  25. ^ "TeamViewer AG / Information on First Quotation", Xetra, Deutsche Börse, September 25, 2019, retrieved February 9, 2021
  26. ^ Peter Köhler, Robert Landgraf (September 25, 2019), "Was Anleger zu Teamviewer wissen müssen.", Handelsblatt (in German), p. 32
  27. ^ Thorsten Mumme (September 21, 2019), "Superlative ohne Ende", Der Tagesspiegel (in German), p. 17
  28. ^ Andreas Cünnen (December 4, 2019), "Überraschender MDAX-Aufsteiger", Handelsblatt (in German), p. 39
  29. ^ Andreas Cünnen (December 4, 2019), "Indexwechsel: Das sind die neuen Aktien im DAX, SDAX und TecDAX.", Handelsblatt (in German), retrieved February 4, 2020
  30. ^ Basic Information, TeamViewer AG, retrieved February 4, 2020
  31. ^ Shareholder Structure, TeamViewer AG, retrieved November 17, 2022
  32. ^ "TeamViewer AG / Company Details", Börse Frankfurt, retrieved November 17, 2022
  33. ^ "Abraham Peled / Executive Profile", The Wall Street Journal, retrieved February 4, 2020
  34. ^ Douglas Busvine (November 10, 2020), "TeamViewer Says Demand Normalises After Pandemic Surge", Yahoo News, retrieved February 14, 2021
  35. ^ "Firma will ins neue Rathaus.", Neue Württembergische Zeitung (in German), January 22, 2019
  36. ^ "TeamViewer darf ins Rathaus.", Neue Württembergische Zeitung (in German), February 15, 2019
  37. ^ "Stadt plant für Unternehmen um.", Neue Württembergische Zeitung (in German), p. 19, December 6, 2019
  38. ^ E. Tsiliopoulos (October 15, 2019), "German Firm TeamViewer Opens New Center in Ioannina", New Greek Television, retrieved February 10, 2021
  39. ^ "The German TeamViewer invests in Ioannina", Knowledge Bridges, January 22, 2020, retrieved February 11, 2021
  40. ^ Reuters Staff (July 15, 2020). "Teamviewer buy augmented reality firm Ubimax". Reuters. Retrieved September 16, 2020. {{cite news}}: |author= has generic name (help)
  41. ^ "TeamViewer acquires U.S. augmented reality software firm Upskill". Reuters. March 2, 2021. Retrieved January 28, 2022.
  42. ^ Holzki, Larissa; Kerkmann, Christof (January 19, 2021). "Übernahme von Xaleon: Teamviewer baut neues Geschäftsfeld auf". Handelsblatt (in German). Retrieved January 28, 2022.
  43. ^ Wurm, Michaela (May 11, 2021). "Teamviewer kauft Mixed-Reality-Startup". ICT Channel (in German).
  44. ^ "Wie geht das? TeamViewer ermöglicht Hilfe aus der Ferne.", Berliner Zeitung (in German), p. 8, December 29, 2007
  45. ^ Franz Công Bùi (August 1, 2012), "TeamViewer-App ermöglicht Zugriff auf Computer aus der Ferne.", Börsen-Zeitung (in German), p. 19
  46. ^ Georg Drabner (April 24, 2009), "Hilfe aus der Ferne", Saarbrücker Zeitung (in German)
  47. ^ Sebastian Schmid (September 26, 2019), "Die Zukunft ist ferngesteuert.", Börsen-Zeitung (in German), p. 8
  48. ^ Armin Mahler (June 25, 2016), "Herr der Dinge", Der Spiegel (in German), p. 70, retrieved February 4, 2021
  49. ^ Teamviewer Buy Augmented Reality Firm Ubimax, Reuters, July 15, 2020, retrieved February 4, 2020
  50. ^ "Microsoft to integrate TeamViewer in Microsoft Teams", The Hindu Business Line, Mumbai, September 3, 2020, retrieved February 15, 2021
  51. ^ "TeamViewer Integrates with Microsoft Teams", Enterprise IT World, September 2, 2020, retrieved February 9, 2021
  52. ^ Thiele, Helge (September 29, 2020), "TeamViewer will Frisch Auf in Champions League führen.", Neue Württembergische Zeitung (in German), p. 15
  53. ^ Jackson, Jamie (March 19, 2021), "Manchester United Sign £235m Shirt Sponsorship Deal With TeamViewer", The Guardian, retrieved May 12, 2021
  54. ^ TeamViewer in Five-Year Sponsorship Deal With Mercedes F1 and FE Teams, Reuters, March 30, 2021, retrieved May 12, 2021

External links

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