TeamViewer Acquires Ubimax: Deal Details, Next Moves
Ubimax, founded in 2014, has more than 90 employees across offices in Germany, the United States and Mexico, along with roughly 200 enterprise customers worldwide. Ubimax's technology portfolio spans an industrial AR software platform called Frontline; wearable computing devices; and consultancy services. In the last 12 months, Ubimax billings were EUR 9.1 million (roughly US$10.35 million) as of 30 June 2020.Within the M&A announcement, TeamViewer pointed to several next steps and potential opportunities. The company says they include:TeamViewer Acquires Ubimax: Executive Perspectives

"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."
"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."