Germany-based workforce tech developer buys Vienna AR developer
TeamViewer buys Upskill
TeamViewer, a German workforce technology developer, announced Tuesday it has acquired Vienna-based augmented reality software developer Upskill.
Financial terms of the transaction were not disclosed.
Founded in 2010, Upskill provides technology that uses smart glasses and handheld devices to help manufacturing, inspection and auditing workers for customers including The Boeing Co. and Merck & Co. Its investors include Accenture Ventures, Cisco Investments, Boeing HorizonX, GE Ventures and New Enterprise Associates. TeamViewer has more than 550,000 subscribers for its remote connectivity platform.
“By acquiring Upskill, we strengthen our capabilities in enabling digital transformation across all verticals and parts of the value-chain as the company is focusing on complementary use cases and industries such as aerospace, pharma and life sciences, insurance and claims management and retail,” TeamViewer CEO Oliver Steil said in a statement. “The enterprise [augmented reality] market is huge and growing rapidly and we are perfectly positioned to tap that potential.”