TeamViewer AG

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TeamViewer AG

logo
legal form Corporation
ISIN DE000A2YN900
founding 2005
Seat Goeppingen , GermanyGermanyGermany 
management Oliver Steil ( CEO )
Number of employees 897 (end of 2019)
sales 390.2 million euros (2019)
Branch software
Website teamviewer.com
As of December 31, 2019

The TeamViewer AG is a German software company based in Baden-Württemberg Göppingen . The company was founded in 2005 as TeamViewer GmbH and one year later introduced the remote maintenance software TeamViewer of the same name . The company was later converted into a public company and floated on the stock exchange in September 2019.

Market position

According to the company, 90% of all Fortune 500 companies use the TeamViewer software, for example to be able to display computer screens on external devices during conferences. In total, the program has already been installed on over 2.1 billion devices. In cooperation with the CNES , TeamViewer was able to establish a connection between the ISS and the earth, with the help of which medical examinations can be carried out on the astronauts in earth orbit from earth. The TeamViewer software was originally just a by-product of the formerly small software house, which developed the program to support its own sales department, which could use it to carry out product presentations remotely.

Company history

The company, which was founded in 2005, was bought up in 2009 by the Luxembourg-based GFI Software SA, which sold it to the British investment company Permira in 2014 for an amount of 870 million euros . A request from investors Hellman & Friedman and Vista to take over half of the company for 850 million euros, a total of 1.7 billion euros (so-called unicorn ), Permira rejected in 2017. Instead, preparations were made for the company's IPO. This was not expected until spring 2020 at the earliest. In August 2019, the company itself announced its IPO for autumn of the same year. The first trading day on the Frankfurt Stock Exchange was September 25, 2019. At the issue price, Teamviewer was valued at 5.25 billion euros, making the IPO the largest of a German high-tech company since the dot-com bubble burst in 2000. On the evening of December 4, 2019, Deutsche Börse announced that Teamviewer will be included in both the MDAX and the TecDAX on December 23, 2019 .

In February 2019 it was announced that parts of the company would move into a new building, which was originally planned as an extension of the Göppingen town hall. Although the city had already started building the offices five years earlier, they were ready to sell the building to Kreissparkasse Göppingen , which would rent it to TeamViewer.

Branches

The company has around 900 employees in its branches in Germany , the USA , Australia , Armenia , India , Japan , China and Singapore .

Individual evidence

  1. ↑ TeamViewer: Corporate Management , accessed on February 15, 2019
  2. ↑ a b c TeamViewer: GB 2019 , accessed on June 7, 2020
  3. ↑ TeamViewer: Success Story CNES , accessed on February 15, 2019
  4. ↑ Süddeutsche Zeitung: This Swabian start-up is worth a billion dollars , accessed on February 15, 2019
  5. ↑ GFI Software, SEC-Filing: SEC-Filing Form F-1 , accessed February 15, 2019
  6. ↑ Permira: TeamViewer , accessed February 15, 2019
  7. ↑ Reuters: Hellman & Friedman and Vista vying for software firm TeamViewer: sources , accessed February 15, 2019
  8. ↑ gruenderszene.de: TeamViewer owner rejected the 1.7 billion deal , accessed on February 15, 2019
  9. ↑ New issues: Permira prepares Teamviewer's IPO Report by the German daily Handelsblatt on May 8, 2019, accessed on May 19, 2019
  10. ↑ faz.net: A Swabian unicorn is heading for the stock exchange , accessed on August 22, 2019
  11. ↑ faz.net: Teamviewer goes public in autumn , accessed on August 28, 2019
  12. ↑ High issue proceeds: Teamviewer with a mixed IPO. In: www.faz.net. September 25, 2019, accessed September 25, 2019 .
  13. ↑ German software company: Teamviewer goes public. In: www.tagesschau.de. September 25, 2019, accessed December 6, 2019 .
  14. ↑ Change of index: These are the new stocks in the MDax, SDax and TecDax. In: www.handelsblatt.com. December 4, 2019, accessed December 6, 2019 .
  15. ↑ SWR Aktuell Baden-Württemberg: Software company Teamviewer is moving to the new Göppingen town hall , accessed on February 15, 2019
  16. ↑ About TeamViewer: Leading provider of innovative software solutions for remote support. In: www.teamviewer.com. Retrieved December 9, 2019 .