The Linz software start-up Xaleon has been bought by the German MDax group Teamviewer. The fast-growing German software company paid a double-digit million sum to secure the programs of the Linz founders. There is also an option for “significant” additional payments if certain sales targets are achieved. The core product from Xaleon enables the sharing of screen contents via the browser without installing and transferring user data.
Xaleon (formerly Chatvisor), founded in 2018 by Markus Wagner, Horst-Georg Fuchs and Mathias Holzinger, has put together a software package that includes functions such as chatbots, live chat, video chat and the electronic signature for contract conclusion. Interfaces (APIs) to all important customer service and ticketing systems are also offered. The program does not have to be installed on the user's computer, which makes it particularly interesting for banks or insurance companies. The founders and over 20 employees of Xaleon become part of Teamviewer.
TeamViewer, specialized in customer care at a distance, has already integrated Xaleon's technology into its program (TeamViewer Tensor). “Due to the high level of acceptance of the functionality and the great customer interest”, Teamviewer has now decided to take over the company, according to a broadcast.
The move means success not only for the three young programmers from Linz, but also for the investor Herbert Gartner and his venture capital company eQventure. He had only got in 21 months ago with a six-figure sum. This is the fourth time that eQventure has sold a start-up that it co-financed to a listed company.
But the deal is also important for the technology hub in Upper Austria. Because the Xaleon team will stay in Linz. TeamViewer wants to strengthen its presence in this region with the innovation cluster and software hub with the Hagenberg campus, the Johannes Kepler University Linz and the future New TU Linz.
Teamviewer, headquartered in Göppingen, is one of the technology companies that has grown massively during the corona crisis. The turnover of the company, which specializes in remote maintenance software, grew by 40 percent to around 456 million euros in 2020. At the end of the year, Teamviewer had 584,000 customers, which corresponds to an increase of a quarter over the year. Further significant growth is expected for 2021.
