TeamViewer and Ubimax join
forces in the fields of connected devices, Augmented Reality and Internet of
Things to create the global leader in connectivity solutions and industrial
workplace technology
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 Sustomers
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.
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.