TEAMVIEWER COST PER MONTH DRIVERS
TEAMVIEWER COST PER MONTH SOFTWARE

TEAMVIEWER COST PER MONTH SOFTWARE

In addition, senior enterprise software executive Patricia Nagle joined as new President Americas to further accelerate business development and expansion in the Americas region. Moreover, TeamViewer hired new senior talent: The company appointed Lisa Agona as new global CMO and member of the management board which underscores the relevance of the marketing function for TeamViewer. Another focus will be the joint creation of case studies that showcase how TeamViewer's technology supports both teams on their path to digital transformation.

These landmark partnerships will enable TeamViewer to present its brand and its technology across all customer segments - through prominent brand placements across various assets and channels, through activation in social media and at live events, and through high-end hospitality for relationship-building. Both partners have a very large global fanbase including APAC and the Americas as major growth regions. To turn TeamViewer into a global tech brand, the company signed strategic five-year partnerships with two of the most successful and well-known sports brands in the world: football club Manchester United and Mercedes racing teams in formula 1 and formula E. The second acquisition of Upskill, the US pioneer for industrial AR solutions, strengthens TeamViewer's global leadership in enterprise AR solutions across all verticals and has significantly expanded the visibility and reach in the US, TeamViewer's largest market. It enables seamless digital customer interaction from first contact to closing contracts in virtual conversations. Only three months later, its operations and technology are fully integrated, and the new solution suite TeamViewer Engage has been introduced to the market. With the acquisition of Xaleon, TeamViewer entered the customer engagement space. Through two strategic acquisitions, TeamViewer further expanded its addressable market in the first quarter and invested in long-term growth. Switzerland-based global technology company Bühler Group has implemented TeamViewer's enterprise solution including AR for remote maintenance and commissioning of critical infrastructure for production outlets across the globe. For example, Mitsubishi Electric Europe Polish Branch uses TeamViewer's AR support solution in its offices across Central and Eastern Europe to enhance customer support experience and improve repair processes for their industrial control systems, drives, and robots. Increasingly, large organizations are using TeamViewer for operational technology (OT) use cases including IoT and Augmented Reality (AR) technology.

TeamViewer's subscriber base grew to 603,000, including 2,058 enterprise customers with a yearly contract value above EUR 10,000.

TEAMVIEWER COST PER MONTH DRIVERS

Key growth drivers for TeamViewer were the strong customer retention and continued expansion of the enterprise business. This underlines TeamViewer's unique financial profile of high growth combined with exceptional profitability. Adjusted EBITDA increased to EUR 90.0m, up 22% year-on-year, leading to a very strong adjusted EBITDA margin of 61.4%. As a result, TeamViewer grew its Q1 billings by nearly 50% on average over two consecutive years. This is on top of an exceptionally strong Q1 in the prior year driven by significant extra demand after the outbreak of the COVID-19 pandemic. In the first quarter of 2021 TeamViewer recorded billings growth at constant currencies of 26% to EUR 146.6m. We embedded ESG in our financing, set the target to become climate neutral by 2030 latest and have received the confirmation by leading sustainability scientists that our offering helps our customers and users to significantly reduce their carbon footprint.» «On top of an outstanding growth against an extremely strong comparative quarter last year, we were also able to significantly drive our ESG agenda in the first three months of 2021.

Together with our investments in the enterprise segment and our recent acquisitions in adjacent markets, these strategic decisions put TeamViewer in a pole position to grow stronger for longer - to the benefit of all our stakeholders.» With two landmark sport partnerships we are investing significantly in our brand as well as in the marketing of our broadened solutions portfolio across all customer segments. We are delivering sustainable growth combined with high profitability and will continue to do so which underpins the strength of our business model. «In the first quarter, we have continued our remarkable growth path, while setting the strategic course to build a truly global tech brand. 1) Growth at constant currency 2) Last twelve months as of 31 March

Teamviewer cost per month