Jamf Acquisition, Valuation, Funding & Investors

Jamf was acquired by Francisco Partners for $2.2B in October 2025, a 3.2x multiple on $690M of revenue.

See full Jamf profile

Jamf acquisition price

$2.2B

Acquired by Francisco Partners · Oct 2025

Jamf revenue at acquisition

$690M

Last twelve months · Oct 2025

Jamf revenue multiple at acquisition

3.2x

EV/Revenue · Oct 2025

Jamf EBITDA multiple at acquisition

14.3x

EV/EBITDA · Oct 2025

Jamf Overview

About Jamf

Jamf is a Minneapolis-headquartered software provider specializing in Apple device management and security solutions. Jamf Pro enables IT administrators to deploy, configure, and monitor Macs, iPads, iPhones, and Apple TVs in enterprise environments. Complementary products include Jamf Protect for endpoint threat detection, Jamf Connect for identity management with Okta and Azure AD integration, and Jamf Nation for community resources. The company supports organizations in business, education, and government sectors worldwide.


Founded

2002

HQ

United StatesMinneapolis, MN

Website

jamf.com

Status

Acquired

Customer focus

B2B & B2G

Revenue model

Subscription

Revenue

$690M (Oct 2025)

Valuation

$2.2B (acquired Oct 2025)

Jamf Acquisition

Jamf was acquired by Francisco Partners for $2.2B on 29 October 2025.

The acquisition price implies a 3.2x revenue and 14.3x EBITDA multiple on $690M of revenue.

Before the acquisition Jamf had raised $30M across 1 funding round.

Francisco Partners agreed to acquire Jamf Holding Corp., the Nasdaq-listed Apple device management and security software provider, in an all-cash take-private announced in October 2025. The transaction valued Jamf at about USD 2.2 billion, or USD 13.05 per share, a premium of roughly 50% to the prior share price. Vista Equity Partners, which owned about 34% of Jamf's shares and chaired its board, agreed to vote in favour and exit its holding through the sale. The parties expected closing in the first quarter of 2026, subject to stockholder and regulatory approvals, after which Jamf would become privately held. Francisco Partners said it would back Jamf's product investment and growth. Jamf helps organizations, schools and governments manage and secure Apple devices at work, and reported total revenue of about USD 176 million for the second quarter of 2025.

Jamf acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Francisco Partners
29 Oct 2025PE buyout$2.2B3.2x14.3x

Sources: jamf.com

Jamf Funding History

Jamf has raised a total of $30M across 1 funding round.

Jamf funding rounds

Jamf funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2013Series BSummit Partners (lead); SuRo Capital$30MSummit Partners led a $30 million funding round in Jamf Software in December 2013, with GSV Capital also participating. VentureBeat reported that the round valued the company at more than $200 million. Jamf said it would use the capital to drive product development and expand its industry partnerships. It was the company's first outside funding: its managing partner Chip Pearson said Jamf had operated as a bootstrapped company for over 11 years. Jamf is a Minneapolis-based company founded in 2002 by two Macintosh systems administrators. It makes management software for Mac and iOS devices and is the only vendor in its category focused exclusively on Apple products. At the time of the round it managed nearly three million Apple devices for about 4,000 customers, including 34 of the Fortune 100 and major school districts and government customers, and had around 275 employees.

Who has invested in Jamf?

2 investors have backed Jamf across its funding rounds, including Summit Partners and SuRo Capital.

Lead investors include Summit Partners.


Jamf Investors

Investors in Jamf by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Jamf

Jamf has acquired 10 companies to date.

Last acquisition by Jamf was on September 23rd 2026. Jamf acquired Keep Aware for undisclosed valuation.


Latest Acquisitions by Jamf

Keep Aware
Identity Automation
dataJAR
zecOps
Description
Keep Aware is a Boston-headquartered cybersecurity firm providing adaptive browser protection against phishing, malware, and data exfiltration. Its agentless solution analyzes user behavior patterns in Chrome and Edge to block threats in real-time. The platform serves enterprises with centralized dashboards for policy enforcement across global workforces.
Identity Automation is a software provider of identity management platforms enhancing security, productivity, and IT efficiency. Its RapidIdentity product delivers granular, time-bound access controls for on-premises and cloud resources to internal staff and external collaborators.
dataJAR is a UK-based specialist in Apple ecosystem management tools for enterprise IT admins. It develops no-code apps for Jamf Pro including device compliance checks, software deployment, and configuration profiles. Contributions appear at JNUC conferences and Jamf Nation events. Operating from Edinburgh since 2015, dataJAR serves education and corporate clients with extensions for macOS and iOS fleets.
ZecOps is a New York-headquartered mobile security firm specializing in endpoint detection and response. The company analyzes iOS and Android attacks, identifying zero-day exploits used by nation-states like Pegasus. ZecOps Mobile EDR deploys deception tactics to disrupt threats, serving enterprises in government, finance, and media sectors.
HQ CountryUnited StatesUnited StatesUnited KingdomUnited States
HQ City
Austin, TX
Houston, TX
Melbourne
San Francisco, CA
Deal Date23 Sep 20263 Mar 202513 Jul 202326 Sep 2022
Valuationundisclosed$215M$33M$45M
EV/Revenue
EV/EBITDA

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Investments by Jamf

Jamf has invested in 1 company to date.

Latest investment by Jamf was on October 26th 2022. Jamf invested in SwiftConnect in their $17M Series A round.


Latest Investments by Jamf

SwiftConnect
Description
SwiftConnect is a New York-headquartered access control platform for commercial real estate and enterprises. Its cloud-based system integrates mobile credentials, biometrics, video intercoms, and building management software to deliver frictionless entry across financial services, life sciences, technology offices, and multifamily properties. SwiftConnect powers secure, touchless experiences for over 100 million square feet of space.
HQ CountryUnited States
HQ City
Stamford, CT
Deal Date26 Oct 2022
RoundSeries A
Raised$17M
InvestorsJLL Spark; Crow Holdings; Nuveen; Bridge Investment Group; World Trade Ventures; Cushman & Wakefield; 1414 Ventures; Navitas Capital
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Jamf Competitors

Jamf competitors include listed companies like CommVault Systems and NetScout Systems, and private ones like JumpCloud, BlackWall, BitSight and Exabeam.

Public and private companies comparable to Jamf
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
JumpCloudUnited StatesLouisville, KYPrivate$56M-$2.6B46.9x
CommVault SystemsUnited StatesUnited StatesPublicly listed$1.2B$84M$6.5B5.2x
BlackWallEstoniaTallinnPrivate--$2.2B-
NetScout SystemsUnited StatesUnited StatesPublicly listed$859M$163M$2.3B2.0x
BitSightUnited StatesBoston, MAPrivate$200M-$2.4B12.0x
ExabeamUnited StatesSan Francisco, CAPrivate$100M-$2.4B24.0x

Jamf Public Comps

Jamf is no longer listed, but its public comps include NetScout Systems, Beijing Ultrapower, Venustech Group, QiAnXin, A10 Networks, Progress Software, CETC Cyberspace Security, Secunet, CloudWalk and ESDS Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NetScout Systems$859M$163M2.1x2.0x11.1x7.5x
Beijing Ultrapower$874M$166M2.4x2.2x12.6x12.1x
Venustech Group$351M($60M)6.9x6.2x(40.3x)200.9x
QiAnXin$659M($147M)4.3x4.3x(19.2x)(45.6x)
A10 Networks$291M$62M5.7x5.0x26.6x16.5x
Progress Software$978M$302M3.0x2.8x9.7x7.3x
CETC Cyberspace Security$340M$21M4.2x-70.0x-
Secunet$515M$84M3.3x3.0x20.1x18.7x

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Common questions about Jamf

When was Jamf founded?Jamf was founded in 2002.
Where is Jamf headquartered?Jamf is headquartered in Minneapolis, MN, United States.
Is Jamf publicly listed?No, Jamf was acquired by Francisco Partners in October 2025.
Who acquired Jamf?Jamf was acquired by Francisco Partners in October 2025.
How much was Jamf acquired for?Jamf was acquired for $2.2B in October 2025, a 3.2x revenue multiple.
How much funding has Jamf raised?Jamf has raised $30M across 1 funding round.
What was Jamf's last funding round?Jamf's last funding round was a $30M Series B in December 2013, led by Summit Partners.
Who are Jamf's investors?Jamf's investors include SuRo Capital and Summit Partners.
Which companies are comparable to Jamf?Companies comparable to Jamf include JumpCloud, CommVault Systems, BlackWall, NetScout Systems, BitSight and Exabeam.
How many companies has Jamf acquired?Jamf has acquired 10 companies, including Keep Aware, Identity Automation, dataJAR, zecOps and Wandera.
What was the largest acquisition by Jamf?The $400M acquisition of Wandera in May 2021 is the largest acquisition Jamf has made to date.
How many companies has Jamf invested in?Jamf has invested in 1 company, including SwiftConnect.
What was Jamf's last investment?In October 2022, Jamf invested in SwiftConnect's $17M Series A alongside JLL Spark, Crow Holdings, Nuveen and 5 other investors.

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