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Hello, this is Oliver Steyer. Welcome and thank you for joining. I have Stefan Geiser with me, our CFO. Hello. So thanks for joining today. Today we would like to give you an update on a strategic acquisition that we've just signed, which we thought might be interesting for you. So sorry for the short notice of invitation, but that's how the things went during the day. So we decided today that we acquire Ubimax, a German-based technology player, technology startup with some decent size already in the field of augmented reality, variable IT, IT at work, and also moving into IoT technologies. What they do, they have a solution which is called Frontline, which is effectively IT support based on variables for frontline workers. This can be workers in production environments, in service environments, in logistics, So really clearly targeted towards certain verticals based on augmented reality and variable IT, which we consider to be a very interesting field. If you remember, in our discussions we had with you, we were talking a lot about our strategic growth areas based on our connectivity platform. We named particularly IoT and augmented reality and, of course, TeamViewer remote management and monitoring areas. Here we're now doubling down on the augmented reality slash IoT space, which we consider to be very attractive. So it's expanding our product offering very clearly. It allows us to provide solutions for even more use cases to our enterprise and medium-sized customers. There is a distinct new addressable market. If we look at the market studies and the quantification, our markets, quantified as going to be €30 billion in 2023 based on the use cases that we have already been serving. So now we're adding more use cases in the augmented reality field, which from the market studies that we know of is probably around another €10 billion or so. So it's a significant increase in our addressable market, and it's providing process know-how, software technology, and also solution delivery capabilities for the enterprises. So we believe it's a very, very attractive play and a very attractive company, Ubermax, in this field. And clearly, they have been awarded certain prizes in the past. They clearly quoted by their customers as being the leaders in their field, very high productivity solutions. And that's, we feel, together with our offering, which is also high ROI and very scalable solutions. As you know, we believe it's a great combination to build a joint technology leader in these fields coming out of Europe. I'd like to hand over to Stefan to talk a little bit about Ubimax and their customer base.

Yeah, let me give you some background on Ubimax and why we are so excited about this acquisition. It's really for us entering into a space which we consider an adjacent space. As you might know, we've entered that space with our pilot product one and a half years ago, and pretty soon gain quite some traction around those augmented reality use cases. And Ubimax is a fantastic expansion of those use cases. So where is Ubimax and how large is it? It was founded six years ago. It's based in Bremen, northern part of Germany, around 90 employees. LTM billings of around 9 million, slightly cash negative, and operating in a market which is expected to be around 20 billion in a couple of years. So what do they offer? Basically, they have a solution, a platform solution, which is called Ubimax Frontline, on top of which they have developed industry-specific solutions, which we're going to show you in a minute. They are led by a very strong management team, the three founders, who are, I would consider, real visionaries in the AR space and have really been influencing that space very significantly. All of them, all three of them, will stay with us and will actually assume very senior management roles and really share our vision to create a German or European-based technology leader. I think we've been extremely impressed with our customer reference calls and the enterprise customers. They have won. I mean, you can see the accounts, Schlumberger, DHL, John Deere and the likes. Very strong customer base. typical ticket size, 50,000 to 100,000 or significantly north of that, with very substantial cross and upsell opportunity and super low churn. So very exciting customer use cases. Let's talk about that on the next slide, what they are offering. As I said, they have their frontline platform, basically, upon which they released so far four different tailor-made solutions, XPIC for supply chain, XMAKE for manufacturing and field service and remote support, X-Inspect and X-Assist. I think what's quite common throughout those different products is that the productivity gain they provide are really substantial. Take a look at Coca-Cola, for example, one of the key accounts of XPIC, they have basically, due to the usage of XPIC, achieved a picking accuracy of close to 100%. And you can imagine this is such a key process for a Coca-Cola bottling company, and such a productivity increase and reduction of failures in the manufacturing process provides a super significant ROI for those customers. And that's basically a very consistent theme throughout their larger customer base.

Maybe talk a little bit about the platform and how we think about the technology advancement that we're getting. So on the next page, you see a picture of how we think about the global access network, the connectivity network with the 1100 plus routers that sits underneath of it. And then we have the shared platform of common services that actually form the UI, sorry, the USP of TeamViewer. So the IP around making connectivity happen all around the world between all the different devices. So that, of course, is being used across all the different modules. And then, as you know, we are trying to carve out certain modules for certain use cases, might be horizontal across industries, might be for certain industries, most prominent, of course, or very prominent in the last decade. A few months with Corona was the remote access piece to work from home, the meeting piece, the video where we had some extra demand, but of course also monitoring. And then the pilot in the augmented reality space and the IoT space. And Ubimax in that sense is providing more use cases, more solution modules, as Stefan just mentioned, X-Inspect and so forth, which will then sit on our platform, which will allow customers to buy the connectivity for all their devices, and on top of that, a module to drive workforce efficiency in the respective fields, but also the IT remote management, which we already have, and work from home, all under the Tensor umbrella brand at some point, where we allow for managed connectivity, conditional access, very high security. So this is the vision. additional use cases, additional solutions on the back of our global connectivity platform, and that's where we share the joint vision with the Ubimax team that their process know-how, their industry knowledge, their data analytics capabilities in their respective fields can be married with our horizontal platform, easy-to-use platform, and that will give them more scalability and us more vertical knowledge and a broader solution portfolio.