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Investing.com -- Jamf Holding (NASDAQ:JAMF) stock surged 15.4% on Wednesday after the company announced it has entered into a definitive agreement to be acquired by Francisco Partners in an all-cash transaction valued at approximately $2.2 billion.
Under the terms of the deal, Francisco Partners will purchase all outstanding shares of Jamf common stock for $13.05 per share, representing a premium of approximately 50% over Jamf’s volume weighted average closing share price for the 90 days prior to September 11, 2025.
The transaction, which was unanimously approved by Jamf’s Board of Directors, is expected to close in the first quarter of 2026, subject to stockholder approval and regulatory clearances. Upon completion, Jamf will become a privately held company and its shares will no longer be listed on any public market.
"Since Jamf’s founding more than 20 years ago, we have made significant strides in advancing our mission to help organizations succeed with Apple," said John Strosahl, Jamf CEO. "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."
Vista Equity Partners, which currently owns approximately 34.0% of Jamf’s outstanding shares, along with CEO Dean Hager and John Strosahl, have agreed to vote their shares in favor of the transaction. Vista will conclude its investment upon close.
The company, which specializes in managing and securing Apple devices for businesses, educational institutions, and governments, will maintain its headquarters in Minneapolis, Minnesota, and continue to operate under the Jamf name.
Jamf also announced it expects to exceed the high end of its previously issued guidance ranges for the third quarter of 2025, which included total revenue of $176.0 to $178.0 million and non-GAAP operating income of $41.5 to $42.5 million.
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