On Wednesday, German software developer TeamViewer announced its mid-term revenue growth targets following the completion of its acquisition of IT firm 1E.
TeamViewer projects revenue between 1.03 billion and 1.06 billion euros ($1.07-$1.10 billion) by 2028, with an anticipated adjusted EBITDA margin of 44%-45%.
The company reported a revenue of 671 million euros for fiscal year 2024, with an adjusted EBITDA margin of 44%.
Earlier in December, TeamViewer finalized the acquisition of London-based IT firm 1E for $720 million. 1E specializes in developing products for detecting IT issues, serving clients such as Adidas and AT&T.
(1 euro = $1.035)