Apple-Focused Jamf Looks At Potential Sale: Report

Jamf’s stock price is down more than 70 percent since the company went public in 2020.

Jamf, a vendor with a $1.41 billion market capitalization that offers a platform for managing Apple devices, is reportedly interested in selling following a layoff round and with a stock price down more than 70 percent since the company went public.

The Minneapolis-based vendor is working with Citigroup and has been hearing out acquisition offers for months, according to Reuters. Over the summer, Jamf revealed it would lay off more than 6 percent of its workforce as part of a “strategic reinvestment plan.” It conducted another 6 percent layoff in 2024.

CRN has reached out to the vendor for comment. Jamf is part of CRN’s 2025 Partner Program Guide.

Jamf Explores Sale

Jamf went public in 2020, raising about $320 million and trading at about $40 a share against a pricing of $26. The company’s stock was about flat Friday afternoon after market open, trading at about $11 a share.

Jamf last reported earnings in August, with executives revealing that the company saw $176.5 million in total revenue during the three months ended June 30. That is up about 13 percent year on year.

Most of the revenue came from subscriptions, coming in at $172.7 million, up about 14 percent year on year. The vendor exceeded total annual recurring revenue of $700 million for the first time, coming in at $710 million, up 14 percent year on year.

Jamf reported a net loss of $20.9 million for the quarter, about 8 percent worse year over year. Loss from operations was about $15 million, an improvement of about 25 percent year over year.

During the call with investors, Jamf CEO John Strosahl said that the vendor has been leaning more on channel partners, according to a call transcript. Strosahl included channel as part of the company’s four key growth vectors alongside security, mobile and international.

He said Jamf had introduced a channel partner portal for deal registration and quoting self-service as part of its channel investment.

Strosahl said on the call that more than two-thirds of the business came in through its channel globally, with 80 percent of that coming from other countries “and increasing pretty rapidly” within the U.S.

“We believe we can get to those levels worldwide that we have internationally, and we’re continuing to do that to help leverage the growth, especially as it relates to some of our smaller customers or mid-market customers,” the CEO said on the call.

Jamf’s reported sale exploration comes just after Apple introduced updated versions of its phones, headphones, and watches Tuesday during an annual event.

Recent acquisition news in the channel includes Okta looking to buy Axiom Security and F5 planning to purchase CalypsoAI.