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    TMV   DE000A2YN900

TEAMVIEWER AG

(TMV)
  Report
Delayed Xetra  -  11:35:20 2023-02-02 am EST
12.42 EUR   +2.05%
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TeamViewer : AR Platform Frontline Now Available on Google Cloud Marketplace

11/10/2022 | 03:37am EST

Extended partnership between the two companies includes easier procurement of TeamViewer Frontline for Google Cloud customers

GOPPINGEN / GERMANY, November 10, 2022 - TeamViewer, a global provider of remote connectivity and workplace digitalization solutions, today announced that its enterprise Augmented Reality (AR) platform Frontline is now available via Google Cloud Marketplace. Through this offering, customers with an existing Google Cloud Marketplace commitment benefit from seamless procurement and consolidated billing through a single channel.

Building off the initial success of the marketing and sales activities tailored to the retail sector around picking and training use cases leveraging Google Glass Enterprise Edition 2 in warehouses, distribution centers, and in-store, the two companies are expanding their activities to additional industries, starting with the manufacturing sector. Here, TeamViewer and Google Cloud will enable organizations to reduce operations cost and downtime, improve worker productivity, process efficiency, and increase client and employee satisfaction.

"Organizations are focused on optimizing the processes and workflows of frontline workers with technology," said Dai Vu, Managing Director Cloud Marketplace at Google Cloud. "With TeamViewer Frontline's enterprise AR platform available on Google Cloud Marketplace, customers can equip their frontline workers with guided step-by-step instructions on wearables and help bring digitalization to the shopfloor at cloud scale."

"With this expansion of our partnership with Google Cloud, we are further committing to a go-to-market relationship in collaboration with Google Cloud, enabling us to increase our reach into key growth markets for TeamViewer's AR solutions on Google Glass Enterprise Edition 2," says Alfredo Patron, EVP Business Development at TeamViewer. "The facilitated procurement of TeamViewer Frontline via Google Cloud Marketplace will further accelerate the adoption of these technologies as more companies value AR as a critical component to creating a truly digitalized workforce."

Disclaimer

TeamViewer AG published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 08:36:02 UTC.


ę Publicnow 2022
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Financials
Sales 2022 567 M 619 M 619 M
Net income 2022 69,3 M 75,7 M 75,7 M
Net Debt 2022 457 M 499 M 499 M
P/E ratio 2022 33,3x
Yield 2022 -
Capitalization 2 198 M 2 403 M 2 403 M
EV / Sales 2022 4,69x
EV / Sales 2023 3,92x
Nbr of Employees 1 364
Free-Float 73,8%
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 12,42 €
Average target price 13,66 €
Spread / Average Target 9,99%
EPS Revisions
Managers and Directors
Oliver Steil Chief Executive Officer
Michael Wilkens Chief Financial Officer & Member-Executive Board
Abraham Peled Chairman-Supervisory Board
Mike Eissele Chief Technology Officer
Kai Werner Group General Counsel, Head-Legal & Compliance
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