TeamViewer acquires 1E for USD $720M enhancing DEX tools

The transaction, valued at USD $720 million, is anticipated to nearby early 2025, pending governing approvals. This step improves TeamViewer’s North American visibility, presenting fresh chances for its venture customers and small-to-medium businesses, thereby broadening its total addressable market.

The purchase will certainly see TeamViewer incorporate its remote connectivity remedies with 1E’s self-governing IT system, focused on making sure seamless IT procedures and boosting individual experience. “With the acquisition of 1E, TeamViewer will certainly enter a new age of intelligent endpoint administration by supplying customers with a smart remedy for stopping and dealing with technology concerns with very little friction,” said Oliver Steil, Chief Executive Officer of TeamViewer. “Along with 1E, we are preferably placed to meet growing client demands for more real-time, automated, and proactive approaches in the IT and the OT space. TeamViewer’s biggest acquisition to date notes a crucial advance to increase venture development, drive development and deliver greater value to our clients. We are thrilled to collaborate with Mark, Stephen and the wonderful 1E group.”

1E’s DEX system provides real-time visibility and automation for business IT atmospheres, crucial for minimizing downtime and improving IT efficiency and worker fulfillment. Led by CEO Mark Banfield, 1E has experienced double-digit profitable profits development over the past 3 years, with United States $77 million in yearly recurring revenue.

The purchase is expected to enhance TeamViewer’s approach by delivering an end-to-end IT procedures solution, ranging from proactive auto-remediation to remote specialist support. It also allows the firm to widen its AI capacities, improving its recent launch of the “Session Insights” function.

As component of the acquisition, numerous management adjustments will happen, with Mark Banfield joining TeamViewer as the new Principal Commercial Police officer and Stephen Tarleton, 1E’s Principal Advertising Officer, expected to take on the same function at TeamViewer. “With each other with TeamViewer, we can increase that mission by integrating our DEX platform with world-class connectivity solutions.

The acquisition will see TeamViewer incorporate its remote connectivity remedies with 1E’s autonomous IT platform, intended at making certain smooth IT operations and boosting individual experience. “With the acquisition of 1E, TeamViewer will enter a brand-new age of intelligent endpoint administration by supplying clients with a smart solution for stopping and taking on innovation concerns with very little friction,” claimed Oliver Steil, CEO of TeamViewer. “This transformational mix of TeamViewer and 1E will make it possible for further considerable development right into the electronic office market and set up TeamViewer for ongoing success. As part of the purchase, numerous leadership changes will certainly occur, with Mark Banfield signing up with TeamViewer as the new Chief Commercial Policeman and Stephen Tarleton, 1E’s Principal Marketing Police officer, anticipated to take on the very same role at TeamViewer.

Ralf W. Dieter, Chairman of TeamViewer’s Supervisory Board, commented on the strategic relevance of the procurement. “This transformational combination of TeamViewer and 1E will make it possible for further substantial growth right into the electronic work environment market and set up TeamViewer for ongoing success. With the extension of Mei’s term and the addition of Mark to the Monitoring Board, we can guarantee quality and security from our solid leadership team to deliver growth and boost stakeholder worth for the future,” he stated.

The acquisition also aims to unlock considerable profits synergies and assistance TeamViewer capture growth within the expanding DEX market, which can possibly extend right into the Operational Innovation (OT) space. This remains in line with TeamViewer’s goal to expand its market throughout EMEA and APAC areas also.