PRESS RELEASE : TeamViewer AG: TeamViewer acquires US-based augmented reality software pioneer Upskill to strengthen global leadership in enterprise AR solutions across all verticals

DGAP-News: TeamViewer AG / Key word(s): Mergers & Acquisitions 
TeamViewer AG: TeamViewer acquires US-based augmented reality software pioneer Upskill to strengthen global leadership 
in enterprise AR solutions across all verticals 
2021-03-02 / 07:09 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
TeamViewer acquires US-based augmented reality software pioneer Upskill to strengthen global leadership in enterprise 
AR solutions across all verticals 
Goppingen, 2^nd March 2021: TeamViewer, a leading global provider of secure remote connectivity solutions and workplace 
digitalization technology, today announced its acquisition of Upskill, the US-based pioneer in augmented reality (AR) 
software for frontline workers. Upskill's digital workflow solutions support workers especially in industrial 
manufacturing, inspection, and audit use cases through real-time interfaces with smart glasses and handheld mobile 
devices. With Upskill's strong presence on the North American continent, an engineering hub in Austin, TX, and 
reputable blue-chip customers such as The Boeing Company, Merck KGaA and American Bureau of Shipping, TeamViewer 
strengthens its position as the number one global player in providing industry-specific AR solutions. The company had 
started to strategically invest in that space in 2020 with the successful acquisition of European wearable software 
leader Ubimax, serving global champions like DHL, Siemens and Coca-Cola Hellenic Bottling Company. 
Oliver Steil, CEO of TeamViewer, said: "Joining forces with Upskill is expanding our footprint in the space of vertical 
augmented reality solutions in our largest market, the US. I am happy to welcome the Upskill team that adds significant 
technical and solution delivery know-how to our US organization. Our joint AR teams now represent the world's most 
experienced workforce in deploying wearable computing technology to the shop floor. By acquiring Upskill, we strengthen 
our capabilities in enabling digital transformation across all verticals and parts of the value-chain as the company is 
focusing on complementary use cases and industries such as aerospace, pharma & life sciences, insurance & claims 
management and retail. The enterprise AR market is huge and growing rapidly, and we are perfectly positioned to tap 
that potential." 
Brian Ballard, CEO of Upskill, said: "We are very excited to join TeamViewer and to further shape the future of work. 
Combining with their strong sales and marketing capabilities and integrating with their AR and IoT solutions, we will 
reinforce our mission to upskill frontline workers and to enhance industrial processes through technology. Our existing 
customers will benefit from an accelerated product development roadmap, global reach, and additional solutions and 
features within the TeamViewer portfolio." 
Upskill, founded in 2010, has two locations in the United States in Tyson's Corner, VA and Austin, TX. TeamViewer plans 
to keep and grow these offices to expand its presence within the US and to build on Upskill's important partnerships 
within the US tech ecosystem. 
The parties have agreed not to disclose the purchase price. 
### 
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. 
Although TeamViewer is free of charge for private use, it has more than 550,000 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 
2.5 billion devices around the world. The company is headquartered in Goppingen, Germany, and employs more than 1,300 
people globally. In 2020, TeamViewer achieved billings of EUR 460m. TeamViewer AG (TMV) is listed at Frankfurt Stock 
Exchange and belongs to the MDAX. Further information can be found at www.teamviewer.com. 
About Upskill 
Upskill is a market leader in augmented reality (AR) solutions for the industrial workforce. Named a Gartner Cool 
Vendor, IDC Innovator and World Economic Forum Technology Pioneer, Upskill is trusted by some of the world's most 
well-known companies, including The Boeing Company, Merck KGaA and American Bureau of Shipping. Upskill's mission is to 
improve the way the world works and has been pioneering the use of wearable technology at work since 2010. With its 
award-winning Skylight AR platform, Upskill connects the frontline workforce in real-time with the critical 
information, data and tools necessary to perform their job more efficiently and effectively. To learn more, visit 
upskill.io. 
 
Contact 
Press Contact TeamViewer 
Martina Dier 
Director, Communications 
Phone: [phone] 
E-Mail: [e-mail] 
Investor Relations Contact TeamViewer 
Carsten Keller 
Head of Investor Relations and Capital Markets 
Phone: [phone] 
E-Mail: [e-mail] 
Press Contact Upskill 
Jessica Martin 
Head of Marketing 
Phone: [phone] 
E-Mail: [e-mail] 
IMPORTANT NOTICE 
Certain statements in this communication may constitute forward looking statements. These statements are based on 
assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and 
uncertainties, including, but not limited to, those risks and uncertainties described in TeamViewer's disclosures. You 
should not rely on these forward-looking statements as predictions of future events and we undertake no obligation to 
update or revise these statements. Our actual results may differ materially and adversely from any forward-looking 
statements discussed in these statements due to several factors, including without limitation, risks from macroeconomic 
developments, external fraud, lack of innovation capabilities, inadequate data security and changes in competition 
levels. All stated figures are unaudited. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-03-02 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      TeamViewer AG 
              Bahnhofsplatz 2 
              73033 Göppingen 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
Internet:     www.teamviewer.com 
ISIN:         DE000A2YN900 
WKN:          A2YN90 
Indices:      MDAX, TecDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1172254 
 
End of News   DGAP News Service 
=------------ 

1172254 2021-03-02

(END) Dow Jones Newswires

March 02, 2021 01:11 ET (06:11 GMT)