Jamf (NASDAQ: JAMF), a leader in managing and securing Apple devices in the workplace, has announced a definitive agreement to be acquired by Francisco Partners (FP), a global investment firm specializing in technology businesses. The all-cash transaction values Jamf at approximately $2.2 billion, with stockholders receiving $13.05 per share--a 50% premium over the 90-day volume-weighted average closing price as of September 11, 2025.

“Over the past two decades, Jamf has made remarkable progress in helping organizations succeed with Apple,” said John Strosahl, CEO of Jamf. “Becoming a private company will provide us with the financial flexibility and strategic focus needed to accelerate growth, drive innovation, and strengthen our market leadership.”

Francisco Partners expressed enthusiasm for the acquisition. “Jamf's commitment to delivering exceptional products for the Apple community is unparalleled,” said Brian Decker, Partner and Co-CIO, and Karl Shum, Partner at FP. “We see tremendous potential for Jamf and look forward to supporting its next phase of growth.”

Michael Fosnaugh, Senior Managing Director at Vista Equity Partners and Chairman of Jamf's Board, added, “This milestone reflects Jamf's strong team and unique platform. We're proud to have supported Jamf during a transformative period that solidified its leadership in the Apple ecosystem.”

The Jamf Board of Directors has unanimously approved the transaction, which is expected to close in Q1 2026, pending stockholder and regulatory approvals. Upon completion, Jamf will become a privately held company, and its shares will no longer be publicly traded.

Vista Equity Partners, along with Jamf executives Dean Hager and John Strosahl, collectively owning approximately 35.3% of Jamf's outstanding shares, have agreed to vote in favor of the transaction. Vista will conclude its investment in Jamf upon the deal's closure.

Jamf will retain its name and headquarters in Minneapolis, Minnesota.

Q3 2025 Financial Update

Due to the pending acquisition, Jamf has canceled its Q3 2025 earnings call. Financial results will be released via press release on November 10, 2025.

Jamf anticipates exceeding the high end of its previously issued Q3 2025 guidance, which projected:

• Total revenue of $176.0 to $178.0 million
• Non-GAAP operating income of $41.5 to $42.5 million

Advisors

Citi is serving as Jamf's exclusive financial advisor, with Kirkland & Ellis LLP providing legal counsel. Francisco Partners is advised by RBC Capital Markets, Goldman Sachs & Co. LLC, and Deutsche Bank Securities Inc., with Simpson Thacher & Bartlett LLP as legal counsel.

About Jamf

Jamf simplifies work by enabling organizations to manage and secure Apple devices with enterprise-grade security, consumer-friendly simplicity, and privacy protection. It is the only company offering a complete Apple-first management and security solution.

About Francisco Partners

Francisco Partners is a global investment firm with over 25 years of experience and $50 billion in capital raised. The firm has invested in more than 500 technology companies, leveraging deep industry expertise to help businesses achieve their full potential.

About Vista Equity Partners

Vista Equity Partners is a global technology investor managing over $100 billion in assets as of June 2025. With a focus on enterprise software, Vista has completed more than 600 transactions and supports millions of customers worldwide.

Note on Non-GAAP Financial Measures
Jamf's non-GAAP operating income excludes certain non-recurring or non-operational expenses, such as stock-based compensation and acquisition-related costs. These measures are intended to provide additional insights into Jamf's financial performance but are not a substitute for GAAP metrics.

Jamf emphasizes that non-GAAP measures are subject to limitations, as they exclude expenses required by GAAP and may not be directly comparable to similar metrics from other companies.