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Jamf Holding Corp. (NASDAQ: JAMF) is renowned as the global leader in macOS and iOS management, with a presence stretching across key cities like Minneapolis, Eau Claire, Cupertino, New York, Amsterdam, Katowice, Sydney, Hong Kong, and Tokyo. Jamf specializes in delivering comprehensive Apple management solutions tailored for both educational institutions and businesses. Jamf Pro (formerly known as Casper Suite) stands out as the only macOS and iOS management software crafted exclusively for the Apple platform. It provides an extensive array of functionalities: from package building and inventory management to remote imaging, updates, and iOS mobile device management. The software also offers a robust framework for automated support.
Jamf's core business revolves around helping organizations—including businesses, hospitals, schools, and government agencies—connect, manage, and protect Apple products, apps, and corporate resources in the cloud, all without the need to physically touch the devices. The company markets its Software-as-a-Service (SaaS) solutions through a subscription model, leveraging a direct sales force, online channels, and indirect sales via partnerships, including Apple's channel partners.
Operating across The Americas, Europe, the Middle East, India, Africa, and the Asia Pacific, Jamf's cloud software platform is uniquely focused on Apple infrastructure and security. Notable achievements include the launch of Jamf Executive Threat Protection, enhancing organizational security by swiftly identifying and responding to advanced cyber threats. Collaborations with leading firms like FTI Consulting bolster its cybersecurity offerings, while recent product innovations like Jamf Insights and the Jamf Service Provider Plan further extend its capabilities.
Jamf's financial condition remains robust, backed by a strategy of growth through innovation and strategic acquisitions, such as the notable purchase of dataJAR, a UK-based MSP specializing in Apple services. Recent updates include support for Apple Vision Pro’s visionOS 1.1 and iOS 17.4, aligning with regulatory changes like the Digital Markets Act.
Jamf is committed to maintaining a dynamic and skilled workforce, with ongoing recruitment efforts globally. For prospective employees, exploring career opportunities on Jamf's LinkedIn page is highly recommended.
Jamf Holding Corp. (NASDAQ: JAMF) has initiated a public follow-on offering of 8,500,000 shares of its common stock by certain shareholders, with an option for underwriters to purchase an additional 1,275,000 shares. Jamf will not receive any proceeds from this sale. The offering is conducted under a registration statement filed with the SEC and is managed by J.P. Morgan, BofA Securities, and Barclays. Note that the shares cannot be sold until the registration statement becomes effective.
This press release also includes forward-looking statements about Jamf's financial outlook and potential risks.
Jamf Adds New Board Members
On May 25, 2021, Jamf announced the appointment of Vina Leite and Virginia Gambale to its Board of Directors. Leite, Chief People Officer at The Trade Desk, will chair the Compensation and Nominating Committee, while Gambale, Managing Partner at Azimuth Partners, will serve on the Audit Committee. Both bring extensive experience in human resources and finance, aimed at strengthening Jamf's leadership as it continues to grow in Apple Enterprise Management.
Jamf (NASDAQ: JAMF), a leader in Apple Enterprise Management, will present at the William Blair 41st Annual Growth Stock Virtual Conference on June 3rd at 9:00 AM Eastern Time. The event will be accessible via a webcast on the company's investor relations website. Jamf aims to enhance the Apple experience for enterprises, schools, and government organizations through its software and community of IT administrators, Jamf Nation.
Jamf (NASDAQ: JAMF) announced the public preview of its new Single Login workflow, designed to enhance shared-device deployments. This integration works with Jamf Setup and Jamf Reset, enabling users to provision and de-provision iOS devices using their cloud identity credentials. Key features include streamlining user workflows, delivering native cross-app single sign-on, enhancing security for IT teams, and simplifying device transitions. With support from leading app providers for frontline workers, Jamf aims to provide a seamless experience that mirrors personal device usability.
Jamf (NASDAQ: JAMF) is set to present at two upcoming investor conferences. The first event is the Needham 16th Annual Technology & Media Virtual Conference on May 20, 2021, at 11:45 AM Eastern Time. The second event is the J.P. Morgan 49th Annual Global Technology, Media and Communications Virtual Conference on May 24, 2021, at 4:15 PM Eastern Time. Webcasts for both events will be available on the company's investor relations website.
Jamf specializes in Apple Enterprise Management, supporting businesses, schools, and government organizations.
Jamf reported a solid Q1 2021, with total revenue rising 34% year-over-year to $81.2 million and recurring revenue up 37% to $74.9 million. The Annual Recurring Revenue (ARR) reached $308 million, marking a 37% year-over-year growth. Gross profit also improved, with GAAP gross profit at $63.9 million (79% of revenue). Operating income turned positive at $9.3 million non-GAAP. The company anticipates Q2 revenue between $82-$84 million, with full-year revenue forecasted at $335-$341 million, excluding Wandera acquisition expected to close in Q3.
Jamf has announced the acquisition of Wandera for $400 million to enhance its mobile security capabilities.
This acquisition aims to strengthen Jamf's position as a leader in Apple Enterprise Management by integrating Wandera's Zero Trust Network Access, mobile threat defense, and data policy enforcement. With an initial payment of $350 million and additional payments, the deal is set to close in Q3 2021, pending regulatory approval. This strategic move is in response to the growing demand for Apple devices in enterprises, which have become increasingly targeted by security threats.
Jamf (NASDAQ: JAMF) announces same-day support for Apple’s latest operating systems: iOS 14.5, iPadOS 14.5, macOS 11.3, and tvOS 14.5. This ensures that IT admins can upgrade without disrupting management workflows, enhancing endpoint security compatibility. Jamf School provides capabilities for deploying iOS and iPadOS apps to M1-powered Macs, catering to education customers. Additionally, Jamf Pro will streamline mass deployment and improve visibility for app compatibility. Jamf's commitment reflects its aim to support organizations fully in adopting new Apple technology.
Jamf has announced new capabilities for its Jamf Teacher and Jamf Parent applications to enhance educational management. With the Jamf Teacher app now supporting Macs, teachers can manage student attention during remote and hybrid classes. Additionally, the new Jamf Parent Android app allows parents to oversee the school-issued Apple devices of their children, promoting safer online environments. This update aims to bridge the gap between students’ Apple devices and parents’ Android devices, fostering increased parental engagement.
Jamf (NASDAQ: JAMF) will report its first quarter 2021 financial results on May 11, 2021, after market close. A conference call will follow at 3:30 p.m. CT (4:30 p.m. ET) to discuss the results. Investors can join via phone or a live webcast at ir.jamf.com. An archive of the call will be available afterwards. Jamf specializes in Apple Enterprise Management, providing software solutions and a community for IT administrators focused on Apple technology.
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