TeamViewer installs R&D hub in Portugal to drive AR and IoT innovation

Press release May 12th, 2021

TeamViewer installs R&D hub in Portugal to drive AR and IoT innovation

 

Goppingen/Porto, May 12, 2021: TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced the establishment of a new Research & Development (R&D) hub in Porto, Portugal, to enhance its leading engineering force in strategically important fields like Augmented Reality (AR) and Internet of Things (IoT). Through recent acquisition of the Porto-based software development agency Hapibot Studio, TeamViewer already kick-started its on-site presence with a team of around 20 highly skilled software and design engineers. The new location is expected to grow significantly over time to become a key component of TeamViewer’s global R&D organization.

By establishing an additional R&D hub in Portugal, TeamViewer doubles down on the strategic advancement of its engineering capabilities for world-class software innovation. The decision for Portugal as location was based on a comprehensive selection framework evaluating key growth and cultural factors including availability of top talent, educational infrastructure, regulatory framework, entrepreneurial mindset, and quality of life. TeamViewer was supported by the Portuguese government, through the support of AICEP – Portuguese Trade & Investment Agency – since the starting point and throughout the process.

Pedro Siza Vieira, Minister of State for the Economy and the Digital Transition, said: “The Portuguese government is very glad to welcome one of the most dynamic European tech champions to Portugal. TeamViewer’s decision to develop cutting-edge Augmented Reality and Internet of Things innovation out of Porto is a strong proof-point of Portugal’s attractiveness as up-and-coming tech ecosystem.”

Mike Eissele, Chief Technology Officer of TeamViewer, said: “Portugal is an excellent location for our new R&D hub with many good universities and a large pool of top engineering talent highly motivated to drive the next wave of digitalization. We are quite excited to become active part of such a vibrant tech hotspot. With the awesome Hapibot Studio team joining TeamViewer, we already hit the ground running to push the boundaries of our solutions and accelerate innovations with TeamViewer technology made in Portugal.”

Luís Castro Henriques, Chairman & CEO of AICEP, said: “Portugal has been able to position itself as a preferred destination for the global tech industry, and it is with great satisfaction that we welcome TeamViewer’s new R&D Hub in Porto. Portugal has a highly skilled talent pool and a multilingual and multicultural working environment that are attracting increasingly specialized technological Centres. TeamViewer’s cutting-edge project proves the extremely valuable skills of Portuguese Talent in the demanding tech ecosystem”.

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 600,000 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 460 million. TeamViewer AG (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at www.teamviewer.com.

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