Press release June 21, 2022
TeamViewer opens new office for software development in Portugal with focus on augmented reality solutions
After the launch of a research and development (R&D) hub in Porto last year, the leading technology company TeamViewer, global provider of remote connectivity and workplace digitalization solutions, reinforces its presence in Portugal by moving into a new modern office in Porto.
Porto, June 21 – The hub is part of TeamViewer’s global R&D organization and will focus on further developing the company’s augmented reality solutions. Currently, 30 highly qualified software and design engineers are employed in the hub and expects to hire 25 more specialists by the end of the year.
Driven by innovations and ever-evolving customer requirements, the software industry is developing dynamically. An important success factor is the ability to develop new solutions and bring them to the market quickly. That’s why TeamViewer has increased the number of employees working in its R&D organization by 20% in 2021 compared to 2020. By establishing an additional R&D hub in Portugal, the company doubled down on the strategic advancement of its engineering capabilities for world-class software innovation. A big part of TeamViewer’s new AiStudio add-on to its enterprise Augmented Reality platform “TeamViewer Frontline”, which consists of a self-learning algorithm to train AI models for image and object recognition, was developed in Porto.
Mike Eissele, Teamviewer’s Chief Technology Officer, says: “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. So far, Porto has proven to be an excellent location for our R&D hub with many good universities and a large pool of top engineering talent highly motivated to drive the next wave of digitization”.
Luís Castro Henriques, Chairman & CEO of AICEP, Portugal’s Trade & Investment Agency, said: “We are very proud to welcome TeamViewer to Portugal. This is a clear demonstration that Porto has become a preferred destination for technology-based operations that can benefit from a highly skilled and dynamic talent pool. The focus on augmented reality solutions that TeamViewer brings to the local ecosystem is a key contribution to Portugal’s positioning as a leading technology Hub in Europe.”
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 620,000 subscribers and enables companies of all sizes and from all industries to digitize 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 and 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 around 1,400 people globally. In 2021, TeamViewer achieved billings of EUR 548 million. TeamViewer AG (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at www.teamviewer.com.