Jamf, a popular Apple device management provider, is set to be acquired by global investment firm Francisco Partners.
Following the deal, Jamf will become a public company. Francisco Partners will purchase all shares of Jamf for $13.05 per share in an all-cash transaction, expected to cost $2.2 billion.
The purchase price is approximately 50% over Jamf’s volume weighted average closing share price for the 90 days prior to September 11, 2025.
Francisco Partners is a global investment firm that focuses on technology businesses. It’s invested in over 500 technology companies and raised over $50bn in capital.
They have made a total of 11 cybersecurity acquisitions to-date, according to deal tracking website tracxn.com.
This includes GoTo (developers of the LastPass password manager, previously LogMeIn), Forcepoint, Sumo Logic, BeyondTrust, and Synopsys.
Jamf is a market leader in the enterprise Apple device manager space, with a popular suite of Mac management and endpoint security products for businesses and higher education.
Jamf has a dedicated user-base, and some are already expressing concerns about the future direction of the company under a private ownership.
Reuters reported last week that Jamf’s stock has been down 32% over the past 12 months.
“Despite 15% year-over-year revenue growth to $175.5 million in the second quarter and raising guidance for the year, Jamf has struggled to achieve profitability,” said Rueters.
Francisco Partners will likely focus on increasing Jamf’s profitability and growing the customer base, possibly via further acquisitions.
“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,” said John Strosahl, Jamf CEO.
“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,” said Cherry Zou, Vice President at Francisco Partners.
