![]() TeamViewer SE is a European stock corporation ( Societas Europaea). Recently, TeamViewer expanded its portfolio, particularly in industry solutions. By the end of 2019, TeamViewer's shares had been admitted to the MDAX and TecDAX stock indices. 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. The initial listing on the Frankfurt Stock Exchange in September 2019 was met with strong investor interest. The newly created TeamViewer AG became the owner of the then renamed TeamViewer Germany GmbH. ![]() In preparation for an IPO, a new corporate structure was created in 2019. This followed a general trend in the IT industry and helped TeamViewer to grow further. Initial public offering įrom the beginning of 2018, the company changed its business model from the previous sale of licenses to subscriptions. 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. 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. In 2010, TeamViewer GmbH was acquired by GFI Software. The company's business model allowed private users to use the software free of charge, while companies had to purchase a paid license. It became the core product of TeamViewer GmbH, which today operates as TeamViewer Germany GmbH. To reduce travel cost for customers and present quality management software remotely, Tilo Rossmanith developed the TeamViewer software. The foundation of TeamViewer dates back to the release of the first version of the software in 2005. The company is listed on the stock exchange and is a member of MDAX and TecDAX. ![]() TeamViewer's software is used in companies of all sizes and from all industries, for example, to digitalize processes along the industrial value chain. Today, TeamViewer offers its customers a global platform for connecting, monitoring, and controlling computers, machines, and other devices. The company became known for the TeamViewer remote access and support software of the same name. US-based blockchain platform Tezos has been added as training kit partner and DXC Technology signed up as the club’s new sleeve sponsor this summer, with telecommunications hardware specialist Qualcomm becoming the latest addition to United’s sponsorship portfolio.TeamViewer SE is an international technology company headquartered in Göppingen, Germany. The company’s latest quarterly report projected full-year billing at the bottom end of TeamViewer’s previous €630 million (US$640 million) projections.įor United, their sales team have plenty of time to find a replacement partner and have signed a number of other deals in the technology space of late. ![]() TeamViewer has seen its share price fall by more than 71 per cent since agreeing the deal with United last year. TeamViewer expects that the combined effect of these measures will result in a significant improvement in the company’s margin following the end of the current sponsorship agreement.’Īccording to the Daily Mail, United ignored higher offers when signing a deal with TeamViewer that was worth UK£17 million (US$20.5 million) a year less than the club’s previous shirt sponsorship deal with Chevrolet. The statement adds: ‘Having successfully implemented short-term measures to improve the bottom line, such as parts of ReMax and the refinancing, the company is now increasingly focusing on medium-term measures to ensure and increase its high profitability. While the partnership and its brand-building effect has been positive over the past year, the company has decided to reassess its long-term marketing strategy in light of the current macro environment.’ Manchester United call for stronger women’s soccer financial regulationsĬonfirming the decision in its second quarter statement, TeamViewer said: ‘TeamViewer does not intend to extend the sponsorship agreement with Manchester United beyond its term. ![]()
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