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 GmbH 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. The software 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, the founder of Rossmanith GmbH 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 AG 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 AG is an international technology company headquartered in Göppingen, Germany.
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