Jamf to Be Acquired by Francisco Partners in $2.2 Billion All-Cash Deal

MINNEAPOLIS — October 29, 2025 — Jamf (NASDAQ: JAMF), a Minneapolis-based provider of Apple device management and security solutions, announced that it has entered into a definitive agreement to be acquired by Francisco Partners for approximately $2.2 billion.

Under the agreement, Francisco Partners will purchase all outstanding shares of Jamf common stock for $13.05 per share in cash, representing a roughly 50% premium over the company’s 90-day average share price prior to September 11, 2025. Once completed, Jamf will become a privately held company and its shares will be delisted from public markets.

The Jamf Board of Directors unanimously approved the transaction, which is expected to close in the first quarter of 2026, pending regulatory and shareholder approvals. Existing major shareholders, including Vista Equity Partners (34%), and company executives Dean Hager and John Strosahl, have agreed to vote in favor of the deal. Vista Equity Partners will exit its investment upon closing.

Jamf will maintain its headquarters in Minneapolis and continue to operate under the Jamf name. CEO John Strosahl said that going private will “provide greater financial flexibility and strategic alignment to accelerate growth and strengthen our market leadership.”

Transaction Advisors

• Jamf: Citi (financial advisor); Kirkland & Ellis LLP (legal counsel)
• Francisco Partners: RBC Capital Markets (lead financial advisor), Goldman Sachs & Co. LLC, Deutsche Bank Securities Inc.; Simpson Thacher & Bartlett LLP (legal counsel)

Jamf also announced that it expects Q3 2025 financial results to exceed guidance, with revenue between $176–$178 million and non-GAAP operating income of $41.5–$42.5 million. The company has canceled its planned earnings call and will release results on November 10, 2025.

Read the full announcement on Jamf’s investor relations site.

This article was created with the assistance of AI to summarize and curate local tech news.