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Investing.com -- Jamf is exploring a potential sale, according to a report from Reuters, citing people familiar with the matter who requested anonymity due to the private nature of the discussions.
The company, which has a market capitalization of approximately $1.4 billion, has enlisted investment bankers at Citigroup to assist with the sale process. Jamf has reportedly been receiving offers from potential buyers in recent months.
Private equity firm Vista Equity Partners, which currently holds a 34% stake in Jamf, is expected to exit its position as part of the sale transaction.
Sources indicated that weakness in Jamf’s stock price has made the company an attractive takeover target for other firms in the industry.
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