Private equity firm Francisco Partners has entered into a definitive agreement to acquire Apple device management and security firm Jamf in a $2.2 billion deal.
Jamf provides a platform designed to help organizations manage and secure all of their Apple devices, simplifying app deployment, updates, and patching.
Francisco Partners is set to acquire all the outstanding shares of Jamf common stock for $13.05 per share in an all-cash transaction, which represents a 50% premium over the stock’s average price in the 90 days before September 11, 2025.
The transaction is expected to close in the first quarter of 2026, when Jamf will become a privately held company and its shares will no longer be publicly listed. The company will continue to operate as Jamf and will maintain its headquarters in Minneapolis, Minnesota.
Jamf reported strong performance in the third quarter of 2025 and expects to exceed the previously forecasted $178 million in revenue and $42.5 million in non-GAAP operating income.
Earlier this year, Jamf announced the acquisition of IAM platform Identity Automation for $215 million.
Francisco Partners has invested in more than 500 technology companies and it has raised over $50 billion in capital.
SecurityWeek’s cybersecurity M&A tracker contains more than 320 deals announced to date in 2025. More than a dozen of those deals involved private equity companies.
Related: Cybersecurity M&A Roundup: 40 Deals Announced in September 2025
