Jamf, a leading provider of Apple device management and security solutions for enterprises, has entered into a definitive agreement to be acquired by global technology investment firm Francisco Partners in a transaction valued at approximately $2.2 billion. Under the terms of the agreement, Francisco Partners will purchase all outstanding shares of Jamf common stock for $13.05 per share in cash, representing a premium of about 50% over the company’s 90-day volume-weighted average closing share price before September 11, 2025.
The acquisition will take Jamf private, allowing the company to focus on long-term strategic growth, innovation, and product expansion. The Jamf Board of Directors has unanimously approved the deal, which is expected to close in the first quarter of 2026 pending customary conditions, including stockholder and regulatory approvals. Upon completion, Jamf’s shares will be delisted from public markets, and the company will continue operating under its current name and Minneapolis headquarters.
Vista Equity Partners, Jamf’s largest shareholder with approximately 34% ownership, along with CEO John Strosahl and executive Dean Hager, who collectively own around 1.3% of the company, have agreed to vote in favor of the transaction. Vista will conclude its investment upon closing.
Jamf, founded over two decades ago, has become the trusted platform for managing and securing Apple devices across businesses, educational institutions, and government agencies. The company’s products are widely used across the Apple ecosystem, providing security and management solutions that align with end-user experience and organizational trust.
As part of the announcement, Jamf also reported that its financial results for the third quarter of 2025 are expected to exceed the high end of previously issued guidance. The company now anticipates total revenue to be between $176 million and $178 million, and non-GAAP operating income to be between $41.5 million and $42.5 million. Due to the pending acquisition, Jamf has cancelled its scheduled Q3 2025 earnings call and will instead release results via press release on November 10, 2025.
Advisors: Citi is serving as the exclusive financial advisor to Jamf, and Kirkland & Ellis is serving as the legal counsel. RBC Capital Markets is serving as the lead financial advisor to FP on the transaction. Goldman Sachs & Co. LLC and Deutsche Bank Securities are also advisors to FP. Simpson Thacher & Bartlett LLP is serving as legal counsel to FP.
KEY QUOTES:
“Since Jamf’s founding more than 20 years ago, we have made significant strides in advancing our mission to help organizations succeed with Apple. 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.”
John Strosahl, CEO, Jamf
“We have long admired Jamf and its commitment to providing customers with best-in-class products that are absolutely beloved in the Apple community.”
Brian Decker, Partner and Co-CIO, Francisco Partners, and Karl Shum, Partner, Francisco Partners
“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.”
Cherry Zou, Vice President, Francisco Partners
“Jamf has become the trusted platform for managing and securing Apple devices across businesses, educational institutions, and governments worldwide. 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.”
Michael Fosnaugh, Senior Managing Director and Co-Head of Vista Equity Partners’ Flagship Fund, and Chairman of Jamf’s Board of Directors
