GOEPPINGEN, Germany,
July 15, 2020 /PRNewswire/
-- TeamViewer®, a leading global provider of secure remote
connectivity solutions, today announced that it has signed a
definitive agreement to acquire Ubimax, the leader in Wearable
Computing and Augmented Reality (AR) solutions for the frontline
workforce. With this acquisition, TeamViewer will significantly
expand its AR and Internet of Things (IoT) offering with
industry-specific solutions for enterprise customers. These
products provide substantial process improvements and productivity
gains for all customers, including many international blue-chip
companies. With Ubimax, the TAM's size will increase by
EUR 10 billion to EUR 40 billion in 2023. The combination will also
accelerate the TAM's annual growth rate (CAGR) from 24% to 27%
driven by strong growth of the AR market.
Oliver Steil, CEO of TeamViewer,
said: "We are very excited by this strategically important
acquisition – the first transaction in TeamViewer's history.
Together with Ubimax, we will create the global leader in
connectivity solutions and industrial workplace technology. Our
joint product portfolio will offer enterprise customers a unique
one-stop shop for securely connecting devices, workers and
processes in numerous industries. We warmly welcome the Ubimax
founders and the whole team at TeamViewer, as we truly share a
hands-on mentality and a culture of innovation."
Hendrik Witt, CEO and co-founder
of Ubimax, said: "We are very much looking forward to joining
TeamViewer's successful journey. Ubimax's leading Augmented Reality
platform and our proven experience in industrial workflow
integration perfectly complement TeamViewer's product portfolio.
Together with my founding partners Jan
Junker und Percy Stocker we
are very pleased to become members of the TeamViewer family and to
jointly drive use case expansion and global growth."
Ubimax serves more than 200 enterprise customers around the
globe
Founded 2014 in Bremen, Ubimax provides an AR-based one-stop
shop to its customers. Ubimax's leading solutions allow industrial
workers to wear IT at work which leads to significant efficiency
gains and process improvements. Its portfolio includes the
industrial AR software platform Frontline, wearable computing
devices and consultancy services. The Frontline product suite is
like a toolbox for non-office workers: It helps them in their
actual tasks, such as order picking in a warehouse, by visualizing
concrete instructions and information on the smart glass and thus
improving productivity. At the same time, the solution enables
enterprise customers to manage their workflows and communicate with
their frontline workers. Ubimax's more than 90 employees across
offices in Germany, the US and
Mexico sell these products to
around 200 enterprise customers across different industries
worldwide. In the last twelve months, Ubimax grew billings to
EUR 9.1 million as of 30 June 2020. Ubimax is expected to further
accelerate its growth in the next year.
Building on success of TeamViewer Pilot
Together with
Ubimax, TeamViewer will be able to further expand its offering to
enterprise customers and support the digitalization of shop floors
with wearable computing devices, tailor-made software and
applications. The acquisition enables TeamViewer to accelerate the
development of new industry-specific use cases, focusing on Data
Analytics and Artificial Intelligence. The new offering will build
on the strong traction of TeamViewer Pilot, an AR solution with
intuitive usability for mobile phones and tablets. Additionally,
Ubimax's broad customer base especially amongst international
blue-chip companies, such as Deutsche Post DHL, BMW or Coca-Cola
Hellenic Bottling Company, will provide TeamViewer with new
business opportunities in its enterprise segment. Ubimax will
continue its strategic partnerships, especially with Fielmann,
enabling Ubimax to offer individual prescription lenses in smart
glasses with Ubimax software.
About TeamViewer
TeamViewer is a leading global
technology company that provides a connectivity platform to
remotely access, control, manage, monitor, and repair devices of
any kind – from laptops and mobile phones to industrial machines
and robots. Though TeamViewer is free of charge for private use,
the company has more than 500,000 subscribers and enables companies
of all sizes and from all industries to digitalize their
business-critical processes through seamless connectivity. Against
the backdrop of global megatrends like device proliferation,
automation and new work, TeamViewer proactively shapes digital
transformation and continuously innovates in the fields of
Augmented Reality, Internet of Things or Artificial Intelligence.
Since the company's foundation in 2005, TeamViewer's software has
been installed on more than 2.2 billion devices globally. The
company is headquartered in Göppingen, Germany, and employs more than 1,000 people
globally. Further information can be found at
www.teamviewer.com.
About Ubimax
Ubimax is a leading provider of fully
integrated industrial augmented reality (AR) solutions. The
solution platform Ubimax Frontline improves manual work processes
across industries along the entire value chain on the basis of the
latest wearable computing technologies. The solutions are designed
to consciously empower the human worker in an increasingly
digitized working environment. The Ubimax Frontline solutions have
received numerous awards, including the Auggie Award for "Best
Enterprise Solution", the MHI Award for "Best IT Innovation" and
McKinsey's German Digital Award, "The Spark". ABI Research calls
Ubimax the world's leading company for industrial wearables and AR
solutions. In addition to four locations in Germany, Ubimax has subsidiaries in the
USA and Mexico. With more than eight years of industry
experience and a remarkable track record in wearable computing,
augmented reality, mixed reality, and sensor systems, Ubimax is
leading the way. Ubimax today serves more than 200 customers
especially amongst international blue-chip companies such as
Deutsche Post DHL, BMW or Coca-Cola Hellenic Bottling Company.
Press contacts
TeamViewer GmbH
Jahnstraße 30
73037 Göppingen
Germany
Web: http://www.teamviewer.com
Martina Dier
Director, Communications TeamViewer
Phone: +49-7161-60692-410
E-Mail: press@teamviewer.com
Friederike Truthe
PR & Marketing Manager Ubimax
Phone: +49-421-33-558-307
E-Mail: friederike.truthe@ubimax.com
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SOURCE TeamViewer