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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 SE
Company typePublic (Societas Europaea)
FWB: TMV
ISINDE000A2YN900
IndustrySoftware
Founded2005; 19 years ago (2005)
Headquarters
Göppingen
,
Germany
Area served
Worldwide
Key people
ServicesSoftware and computer services
RevenueIncrease €626.7 million (2023)
Increase €114 million (2023)
Total assetsDecrease €1,111.5 million (2023)
Total equityDecrease €83.7 million (2023)
Number of employees
Increase 1,461 (2023)
Websitewww.teamviewer.com/en/ Edit this at Wikidata
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

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Start-up and growth phase

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TeamViewer was founded following the release of the first version of the TeamViewer software in 2005. The TeamViewer software was developed to reduce travelling to customers.[9][10] It became the core product of the newly founded TeamViewer GmbH, which today operates as TeamViewer Germany GmbH and belongs to TeamViewer SE.[11][12][13] The company's business model allowed private users to use the software free of charge, while companies had to purchase a license.[14]

In 2010, TeamViewer GmbH was acquired by GFI Software.[15] 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.[16] 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.[17][18]

Initial public offering

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

The company was initially listed on the Frankfurt Stock Exchange in September 2019.[24][25][26] 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.[27] By the end of 2019, TeamViewer's shares had been admitted to the MDAX and TecDAX stock indices.[28][29]

Company

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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.[30] Around 75% of the shares are in free float. Shareholders are Permira, BlackRock and the Norges Bank, amongst others.[31][32]

Management

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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 eight members; its chairman is Ralf W. Dieter.[33]

Locations

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TeamViewer's headquarters are 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 company to keep it in Göppingen.[36][37]

Internationally, TeamViewer has multiple subsidiaries and locations on all continents. The key locations for research and development are Göppingen, Bremen, and Ioannina.[38][39]

Acquisitions

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Products

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Software

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Main article: TeamViewer

TeamViewer became known primarily for its remote access, control, and maintenance software for 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

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The TeamViewer platform enables the connection of a wide range of devices.[47][48] 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

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

From season 2021-2022 to season 2023-2024, TeamViewer was the principal shirt sponsor of Manchester United. In December 2022, TeamViewer announced its intention to substantially reduce its involvement in agreement with the football club to take account of a changed market environment.[53][54] Also in 2021, 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.[55] The latter ended when the Mercedes team withdrew from Formula E after the 2022 season.[56]

References

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  1. ^ a b "TeamViewer AG", Bloomberg, retrieved April 23, 2024
  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. ^ "Software-Riese Teamviewer: Weltmarktführer aus der Provinz". Stern (in German). January 5, 2017. Retrieved September 9, 2024.
  11. ^ About TeamViewer (in German), Rossmanith GmbH, archived from the original on April 19, 2005, retrieved February 4, 2020
  12. ^ Holzki, Larissa; Köhler, Peter; Landgraf, Robert (August 23, 2019). "TeamViewer strebt an die Börse". Handelsblatt (in German). p. 21.
  13. ^ Unternehmensregister (in German), Bundesanzeiger Verlag, retrieved February 4, 2020
  14. ^ Hannah Scherkamp (October 30, 2015), "TeamViewer: So läuft's beim schwäbischen Hidden Champion.", Gründerszene (in German), retrieved February 4, 2020
  15. ^ "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.
  16. ^ Klaus Max Smolka (July 4, 2014), "TeamViewer geht an Permira.", Faz.net (in German), retrieved February 4, 2020
  17. ^ Porter, Kiel; Baigorri, Manuel; Syed, Sarah (July 18, 2017), Permira Weighs Sale of Software Company TeamViewer, Bloomberg, retrieved February 10, 2021
  18. ^ "Das Einhorn von Göppingen", Handelsblatt (in German), January 7, 2017, retrieved February 4, 2020
  19. ^ Robert Landgraf (September 13, 2019), "Reifeprüfung Börsengang", Handelsblatt (in German), retrieved February 4, 2020
  20. ^ Michael Kroker (October 31, 2018), "TeamViewer-CEO Steil: "Die DSGVO ist für uns ein Wettbewerbsvorteil."", WirtschaftsWoche (in German), retrieved February 4, 2020
  21. ^ Sebastian Schmid (February 23, 2019), "TeamViewer behält Übernahmen im Blick.", Börsen-Zeitung (in German), p. 11
  22. ^ ""Permira steht für Wachstum."", Börsen-Zeitung (in German), p. 11, December 22, 2015
  23. ^ Stefan Nicola (August 2, 2019), Permira-Backed TeamViewer CEO Favors Possible German Tech IPO, Bloomberg, retrieved February 9, 2021
  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. ^ "Unternehmer Ralf W. Dieter, ehemals CEO der Dürr AG, wird neuer TeamViewer-Aufsichtsrat", Wallstreet Online (in German), retrieved April 23, 2024
  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. ^ "Teamviewer buy augmented reality firm Ubimax". Reuters. July 15, 2020. Retrieved September 16, 2020.
  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, 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. ^ "Sponsoring: Teamviewer besiegelt Ausstieg als Trikotsponsor bei Manchester United". Horizont (in German). September 13, 2023. Retrieved September 9, 2024.
  55. ^ TeamViewer in Five-Year Sponsorship Deal With Mercedes F1 and FE Teams, Reuters, March 30, 2021, retrieved May 12, 2021
  56. ^ Krämer, Marcus (August 18, 2021). "Ausstieg von Mercedes: Warum die Formel E eine Randerscheinung bleiben wird". Der Spiegel (in German). ISSN 2195-1349. Retrieved September 9, 2024.
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