4/2/2023 0 Comments Total lockdown teamviewerUpskill strengthens TeamViewer’s coverage of more industrial verticals and further enhances the company’s presence in North America. Throughout the first half of the year, TeamViewer worked on extending its solutions portfolio with special focus on building its leading position in the rapidly growing enterprise AR market through acquisitions and a new strategic partnership.īesides the acquisition of Upskill, the US pioneer for industrial AR solutions, TeamViewer acquired Viscopic, a leading German innovator of Mixed Reality solutions and interactive 3D visualization. The continuous expansion of TeamViewer’s solution portfolio is an important driver of TeamViewer’s growth trajectory.īuilding a leader in AR solutions through acquisitions and strategic partnership with SAP TeamViewer Engage meets the increasing demand for remote customer interactions that replace physical sales and customer services processes as an important part of the value chain in all industries. It complements TeamViewer’s offer by an advanced form of GDPR-compliant screensharing in web sessions. This is reflected in a strong pipeline of Tensor and Augmented Reality transactions.Īnother example for the broadened solution portfolio is TeamViewer’s new customer engagement solution TeamViewer Engage, a product brought in by the acquisition of Xaleon. TeamViewer’s large subscriber base provides ample opportunity for up- and cross selling to existing customers with global operations driving enterprise growth. The company has further grown the number of its largest customers with ACVs of more than EUR 10.000 to 2,252 (30 June 2020: 1.457) by expanding services to existing customers as well as through new customer acquisition.įor example, global leading manufacturer of printing presses and solutions for the print media industry Heidelberger Druckmaschinen AG uses TeamViewer’s solutions to remotely connect to its software solution and machines worldwide and thus to provide faster technical support around-the-clock, reducing downtime and enhancing productivity for their customers. TeamViewer’s broadened solutions portfolio to cover digital transformation needs along the entire value chain is paying off as an increasing number of globally operating corporations rely on the company’s solutions. Strong customer retention and attracting new subscribers expanded the subscriber base to around 623,000 paying customers during the second quarter.Įnterprise growth supported by a broadened solutions portfolio, ACV expansion and key customer wins First half performance in the other go-to-market channels was overall strong with stable to slightly increasing average selling prices, good renewal values and stable subscriber churn. In June, trading momentum improved significantly, due to a rebound of renewal values and a very strong enterprise pipeline conversion. This one-off effect occurred across all regions reducing capacities for home working solutions which customers had bought a year earlier. While the company successfully retained most of the new subscribers from the first wave of the 2020 lockdown, renewal values in April and May were lower than anticipated. TeamViewer grew second quarter billings by 15% and 18% at constant currencies, year-over-year. Our recent investments in our salesforce and the increasing demand in the enterprise segment will further allow us to build on this momentum in the second half of 2021.» «In Q2, we have heavily invested in our future growth while maintaining industry-leading profitability. Particularly further acquisitions in adjacent markets and the initial activation of our global landmark sports partnerships strengthened our global footprint and overall brand visibility.» ![]() We have successfully started to build a global tech brand and the first six months set the groundwork for bolstering our position as a leader in enterprise AR solutions. «We are encouraged by the significant uptick in trading performance in June which makes us confident to deliver on our targets and continue our sustainable growth path in the second half of the year. Key Figures EUR m, unless otherwise stated ![]() – Technology expert Ms Hera Kitwan Siu recommended as new Supervisory Board member – Increased global brand awareness through activation of landmark sports partnerships – Major partnership with SAP providing industrial customers with cutting-edge AR technology – Extended Augmented Reality (AR) solutions portfolio through tuck-in acquisitions – 623,000 subscribers: plus 20,000 in Q2 and stable churn – Adjusted EBITDA margin of 47% in Q2 and 55% in H1, showing industry-leading profitability ![]() – Billings growth at constant currencies of 18% in Q2 and 22% in H1, on top of extraordinary 2020 comparatives Q2 / H1 2021: TeamViewer shows positive momentum and significant progress in building a global tech brand
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