TeamViewer SE
TypePublic (Societas Europaea)
FWB: TMV
ISINDE000A2YN900
IndustrySoftware
Founded2005 (2005)
Headquarters
Göppingen
,
Germany
Area served
Worldwide
Key people
ServicesSoftware and computer services
RevenueIncrease €565.9 million (2022)
Increase €229.8 million (2022)
Total assetsDecrease €1,172.7 million (2022)
Total equityDecrease €115.3 million (2022)
Number of employees
1,386 (2022)
Websitewww.teamviewer.com/en/
Footnotes / references
TeamViewer Annual Report 2022
Net income is Adjusted (Revenue) EBITDA

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] TeamViewer offers its customers a global platform for connecting, monitoring, and controlling computers, machines, and other devices.[4][5] TeamViewer's software is used in companies of all sizes and from all 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

Start-up and growth phase

The foundation of TeamViewer dates back to the release of the first version of the software in 2005. To reduce travel cost for customers and present quality management software remotely, Tilo Rossmanith developed the TeamViewer software.[9] It became the core product of 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 paid license. This model continues to date.[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 its 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

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 initial listing on the Frankfurt Stock Exchange in September 2019 was met with strong investor interest.[23][24][25] With an issue volume of 2.2 billion euros, 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]

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

Company

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. Important shareholders are Permira, BlackRock and the Norges Bank.[30][31]

Management

The executive board of TeamViewer consists of Oliver Steil (chief executive officer), Michael Wilkens (chief financial officer) and Peter Turner (chief commercial officer).[1] The extended management board (senior leadership team) consists of nine people.

The supervisory board of TeamViewer has six members; its chairman is Abraham Peled.[32]

Locations

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 rapidly growing company to keep it in Göppingen.[35][36]

Internationally, TeamViewer has numerous subsidiaries and locations on all continents. For example, the key locations for research and development are Yerevan, Armenia, and Ioannina, Greece.[37][38]

Acquisitions

Products

Software

TeamViewer became known primarily for a solution for remote access to, as well as remote control and maintenance of, 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

The TeamViewer platform enables the connection of a wide range of devices in companies of all sizes and from all industries.[46][47] 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.[48]

There are interfaces to other applications and services, such as Microsoft Teams.[49][50]

Sponsoring

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. The Premier League club also plans to use the company's solutions for the digitalization of fan experiences and business processes.[52] The same year, TeamViewer 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.[53]

References

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