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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 (NASDAQ: JAMF) has successfully acquired ZecOps, a leading mobile detection and response provider, enhancing its capacity to bolster mobile security for organizations. This acquisition will streamline mobile security investigations and address the rising threats from sophisticated cyber attacks. Dean Hager, CEO of Jamf, highlighted that ZecOps' capabilities complement Jamf's existing platform, providing a deeper level of security insights. The deal aligns with the growing trend of mobile device usage in corporate environments, with mobile devices now accounting for 59% of global web traffic.
Jamf (NASDAQ: JAMF) announced that its management team will present at the RBC Capital Markets Global Technology, Internet, Media and Telecom Conference on November 15, 2022, at 12:50 pm Eastern Time. Investors can access a webcast of the event via the investor relations section of Jamf's website. Jamf specializes in Apple Enterprise Management, promoting an exceptional Apple experience for businesses, schools, and government organizations. For more details, visit www.jamf.com.
Jamf announced its partnership with Moveworks to utilize the latter's conversational AI platform, enhancing support for its hybrid workforce. The AI will provide Jamf employees with 24/7, autonomous assistance for IT issues, addressing the complexities faced in hybrid work environments. With this initiative, Jamf aims to improve employee support efficiency and personalization. This strategy is vital as 100% of Fortune 500 companies use Apple products, leading to an increased demand for Jamf's services.
Jamf (NASDAQ: JAMF) reported strong Q3 2022 results, with total revenue growing 30% year-over-year to $124.6 million. Annual recurring revenue (ARR) also increased by 27% to $490.5 million. Despite a GAAP operating loss of $28.6 million, non-GAAP operating income reached $6.9 million. The company generated $63.2 million in cash flow from operations. Looking ahead, Jamf expects Q4 revenue between $128.5 million and $129.5 million, and full-year revenue to be $477 million to $478 million. The company is also expanding its capabilities through acquisitions and partnerships.
Jamf has launched Jamf Ventures, an investment fund focusing on early-stage companies enhancing the Apple ecosystem. The fund aims to invest $50 million over five years to create partnerships that accelerate growth and provide strategic value to customers. The first investment goes to SwiftConnect, a platform for access management, enhancing security and employee experience. Jamf Ventures will offer unique access to Jamf's APIs, technologies, and networks, supporting portfolio companies with resources for growth.
On October 24, 2022, Jamf (NASDAQ: JAMF) announced its readiness to support key functionalities in Apple’s macOS Ventura and iPadOS 16, released the same day. The company's same-day support emphasizes security and reliability, critical for organizations upgrading operating systems. Key features in macOS Ventura include Declarative Device Management, enabling proactive device management, Platform Single Sign-On for seamless user access to cloud services, and Rapid Security Response to deliver timely security updates. Jamf ensures its compatibility across its solutions, enhancing user confidence and data protection.
Jamf (NASDAQ: JAMF) has been accepted into the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell initiative aimed at enhancing business development for partners. This partnership allows Jamf to leverage AWS’s cloud services for better Apple device management solutions, including security and custom workflows. The collaboration is expected to improve service delivery to AWS customers, addressing specific business needs, particularly in EC2 Mac management.
Jamf (NASDAQ: JAMF) will announce its third quarter 2022 financial results on November 9, 2022, after market close. A conference call and webcast will follow at 3:30 p.m. CT (4:30 p.m. ET) to discuss the results. Investors can access the live webcast via Jamf's Investor Relations website. A replay will be available starting at 6:00 p.m. CT (7:00 p.m. ET) on the same day.
Jamf, recognized for its commitment to Apple Enterprise Management, has been awarded the Endpoint Security Solution of the Year at the 2022 CyberSecurity Breakthrough Awards. The award highlights Jamf Protect's effective endpoint protection for macOS, emphasizing features like network threat prevention, powerful analytics, and optimized threat hunting. With a focus on improving security hygiene and protecting user privacy, Jamf stands out as a leading provider tailored for Apple environments.
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