Jamf Holding Corp. announced Thursday it completed the acquisition of Wandera, a London-based cloud security company.
The $400 million deal was the biggest yet for Minneapolis-based Jamf (Nasdaq: JAMF), which has previously acquired other tech companies such as Dutch education-tech company ZuluDesk, Austin, Texas-based Mac manager Orchard & Grove and Mac security company Digita Security.
Jamf, which creates enterprise management software for Apple devices, said the acquisition will help IT and security teams protect devices, data and applications as more employees access company networks remotely.
“I am very excited to bring Wandera’s Apple-first and Apple-best unified cloud security capabilities into the Jamf platform,” said Dean Hager, CEO, Jamf. “We believe the way Wandera has built their solutions provides a significant technical advantage to customers and a superior experience for their end users – directly lining up with our purpose of empowering people with technology that puts them first.”
Jamf financed the deal with $160 million of its own cash and a $250 million loan from JPMorgan Chase Bank.
Jamf had total revenues of $269 million with a net loss of $22.8 million in 2020. It went public on the Nasdaq stock exchange in July of 2020, raising $468 million.
