The most important subsidiaries include TeamViewer Germany GmbH, which is responsible for the operating business. Together with its domestic and foreign subsidiaries, it forms the TeamViewer Group. 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. TeamViewer SE is an international technology company headquartered in Göppingen, Germany.
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