Type Aktiengesellschaft Industry Telecommunications Revenue 2.397 billion EUR (2012) | Traded as FWB: UTDI Predecessor 1&1 EDV-Marketing GmbH Founded 1988, Montabaur, Germany | |
 | ||
Key people Ralph Dommermuth (CEO and chairman of the management board), Kurt Dobitsch (Chairman of the supervisory board) Stock price UTDI (ETR) € 41.48 -0.42 (-1.00%)31 Mar, 5:35 PM GMT+2 - Disclaimer Subsidiaries 1&1 Internet, Fasthosts, united-domains AG | ||
United Internet AG is a German Internet services company. With 2.91 million DSL customer contracts, it is a leading ISP in Germany. It is headquartered in Montabaur, Rhineland-Palatinate. Since 2003, it is listed on the TecDAX. In its operating business, United Internet AG acts primarily via 1&1 Internet and is active in various countries (as of February 2014: Austria, Canada, France, Germany, Italy, Mexico, Poland, Spain, United Kingdom, and USA).
Contents
United Internet operates its own Internet backbone with computer clusters at several Internet exchange points (DE-CIX, INXS (Vodafone Munich Exchange), AMS-IX, LINX).
History
In July 2008, United Internet AG acquired a 30% stake in Jimdo GmbH. Jimdo's website builder became the core of 1&1's MyWebsite product (formerly dubbed "MyBusiness Site)". Jimdo bought back its shares in 2009.
United Internet AG's subsidiary 1&1 Internet AG acquired the DSL business from Freenet AG for EUR 123 million in May 2009.
In 2013, through its subsidiary United Internet Ventures the company acquired a 25% share in Open Source Software company Open-Xchange.
In February 2014 United Internet announced the acquisition of a 25% stake in e-commerce software company ePages. ePages announced on the same day that the company would provide a new global e-commerce platform for customers of United Internet's 1&1 brand.
In September 2014, United Internet announced it had agreed to acquire a 74.9 percent stake in Versatel from KKR for a fee of around €586 million.
Subsidiaries
United Internet is the parent company of 2 major email providers, GMX Mail which is predominantly a European provider and Mail.com whose users are mainly from the US and the UK. Unlike most major email providers United Internet's subsidiaries are lacking a basic security feature which is Multi-factor authentication that other mail providers like Gmail, Outlook, AOL Mail and Yahoo Mail provide as standard. This is despite their own subsidiary company 1&1 Internet stating in their blog that turning on 2 factor authentication should be used to protect online security.