Welcome to our dedicated page for Jamf Holding news (Ticker: JAMF), a resource for investors and traders seeking the latest updates and insights on Jamf Holding stock.
Jamf Holding Corp. (NASDAQ: JAMF) is a software company focused on managing and securing Apple technology in the workplace, and its news flow reflects that focus on Apple-first endpoint management, security, and automation. Company announcements highlight developments across device management, security capabilities, identity and access management, analyst recognition, and corporate transactions.
Investors and technology professionals following Jamf news will see regular updates on its Apple-first platform, including enhancements in unified endpoint management, security features, and AI-driven automation. Recent announcements describe Jamf’s recognition as a Leader in the Gartner Magic Quadrant for Endpoint Management Tools and in several IDC MarketScape reports for unified endpoint management software, including categories dedicated to Apple devices and frontline or IoT devices.
Jamf’s news also covers product and feature launches, such as AI-powered forensic analysis for Jamf Executive Threat Protection, which is designed to accelerate mobile forensic investigations and help organizations detect sophisticated attacks targeting high-value users. Other updates include identity and access management developments through RapidIdentity, a platform purpose-built for education that has been selected for a major higher education purchasing consortium contract in Ohio.
Corporate and strategic news items include Jamf’s partnership with UberEther to pursue FedRAMP High and U.S. Department of Defense Impact Level 5 authorization for its Apple-first cloud solutions, as well as financial results and metrics such as subscription revenue and annual recurring revenue. A significant portion of recent news is devoted to Jamf’s definitive agreement to be acquired by affiliates of Francisco Partners, under which Jamf is expected to become a privately held company after satisfying closing conditions.
Visitors to this JAMF news page can review these updates in one place, including press releases on leadership appointments, industry event participation, analyst recognitions, security enhancements, identity solutions, public sector initiatives, financial disclosures, and the pending acquisition transaction.
Jamf and MATTER have inaugurated the Bayat-MATTER Innovation Hub in Kabul, Afghanistan, aiming to enhance educational access for students in low-resourced areas globally. This hub is part of a wider initiative that includes twelve similar facilities in regions such as Haiti and Uganda. The initiative provides students with technology-driven learning experiences, stocking hubs with iPads and educational tools. The focus is on in-demand skills to prepare youth for the future, particularly empowering young women in Afghanistan through advanced learning opportunities.
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.