Jamf agrees to $2.2 billion purchase by Francisco Partners
Leading Apple MDM and security provider Jamf has once again become a private company following a $2.2 billion acquisition deal with Francisco Partners.
What is the deal?
The deal, leaked earlier today and now confirmed in a Jamf press release, works like this:
- Jamf has entered into a definitive agreement in which Francisco Partners (FP) will acquire all the outstanding shares of Jamf.
- FP will purchase all Jamf’s outstanding shares for $13.05 per share in an all-cash transaction, valued at approximately $2.2 billion.
- The purchase price represents a premium of approximately 50% over Jamf’s volume weighted average closing share price for the 90 days prior to September 11, 2025.
- The transaction was unanimously approved by Jamf’s Board of Directors.
- The agreement needs regulatory approval and is expected to close in Q1 2026.
- Once completed, Jamf becomes a privately held company, and shares will no longer be listed.
As a result of the pending transaction, Jamf has cancelled its previously announced Q3 2025 earnings conference call and will be issuing Q3 2025 financial results via press release at the close of market on Monday, November 10, 2025. The company says it expects total revenue of $176 to $178 million and non-GAAP operating income of $41.5 to $42.5 million.
What Jamf said
“Since Jamf’s founding more than 20 years ago, we have made significant strides in advancing our mission to help organizations succeed with Apple,” said John Strosahl, Jamf CEO. “We believe transitioning to a private company will provide greater financial flexibility and strategic alignment to accelerate growth, expand through innovation and M&A, and strengthen our market leadership.
What the investors said
“We continue to see tremendous opportunity for Jamf given its enviable position in the market, and we look forward to working with the leadership team to support Jamf’s next phase of growth and deliver an even broader suite of secure and effective products to its customers,” added Cherry Zou, Vice President at Francisco Partners.
“Jamf has become the trusted platform for managing and securing Apple devices across businesses, educational institutions, and governments worldwide,” said Michael Fosnaugh, Senior Managing Director and Co-Head of Vista Equity Partners’ Flagship Fund, and Chairman of Jamf’s Board of Directors.
“This milestone reflects the strength of the Jamf team and the distinctiveness of its platform. We’re proud to have partnered with Jamf through a transformative period that has solidified its leadership within the Apple ecosystem.”
Vista Equity Partners (“Vista”), Dean Hager and John Strosahl, who own approximately 34.0%, 1.1% and 0.2%, respectively, of Jamf’s outstanding shares of common stock as of October 24, 2025, have agreed to vote their shares in favor of the transaction. As part of the transaction, Vista will conclude its investment upon close. Jamf will continue to operate under the Jamf name and maintain its headquarters in Minneapolis.
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