Strosahl said the deal will allow expansion through both innovation and acquisition activity.
The San Francisco-based private equity firm Vista Equity Partners is the largest shareholder of Jamf Holdings with 34% of outstanding shares and has agreed to the deal.
“We’re proud to have partnered with Jamf through a transformative period that has solidified its leadership within the Apple ecosystem,” said Michael Fosnaugh, senior managing director for Vista and Jamf’s board chair.
Jamf’s sales have grown significantly, more than doubling in the past five years, but it has not yet turned a full-year profit. In 2024, the company lost $49 million on sales of $627.4 million.
Earlier this year, Jamf was ranked 41st on the Star Tribune’s list of largest public companies in Minnesota.
A Reuters news story in September said Jamf was exploring possible transactions. “Having viewed Jamf as a potential acquisition candidate for some time, we are relatively unsurprised by the announcement,” wrote Rob Owens, an analyst with Piper Sandler, in a note to investors Wednesday.
