TeamViewer

Start-up and growth phase

The foundation of TeamViewer dates back to the release of the first version of TeamViewer software in 2005. To reduce travel to customers and present quality management software remotely, the founder of Rossmanith GmbH developed the TeamViewer software. The software became the core product of TeamViewer GmbH, which today operates as TeamViewer Germany GmbH. The company's business model allowed private users to use the software free of charge, while companies had to purchase a paid license. This model continues to date.In 2010, TeamViewer GmbH was acquired by GFI Software. 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. 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.

Initial public offering

From the beginning of 2018, the company changed its business model from the previous sale of licenses to subscriptions. This followed a general trend in the IT industry and helped TeamViewer GmbH to grow further. In preparation for an IPO, a new corporate structure was created in 2019. The newly created TeamViewer AG became the owner of the then renamed TeamViewer Germany GmbH.The initial listing on the Frankfurt Stock Exchange in September 2019 was met with strong investor interest. With an issue volume of 2.2 billion euros, it was the largest IPO of a German technology pytt company since 2000 and the largest IPO in Europe in 2019. By the end of 2019, TeamViewer AG’s shares had already been admitted to the MDAX and TecDAX stock indices.Recently, TeamViewer expanded its portfolio, particularly in industry solutions.