Jamf
IPO 2020 (NASDAQ: JAMF)
“Summit is a true partner in every sense of the word, and Jamf has benefited from Summit’s wealth of knowledge, extensive network, and a culture that encouraged our relentless focus on customer loyalty and employee engagement.”
Revenue growth during Summit’s investment*
Headcount growth, scaling organization from 250 to 2,500+employees worldwide
Customers, growing from 4,000 at the time of Summit’s investment
Completed IPO in 2020 (NASDAQ: JAMF)
Revenue growth during Summit’s investment*
Headcount growth, scaling organization from 250 to 2,500+employees worldwide
Customers, growing from 4,000 at the time of Summit’s investment
Completed IPO in 2020 (NASDAQ: JAMF)
Chip Pearson and Zach Halmstad founded Jamf in 2002 with a mission to help organizations of all sizes embrace Apple in the enterprise environment. As former Apple systems administrators, they understood the challenges and opportunities of the Apple environment, and focused on providing products centered around the user experience. Jamf developed an advanced set of enterprise-grade features and functionality, helping system administrators to confidently manage every Mac, iPhone or iPad in their environment via an elegant, flexible management platform. By 2013, Jamf saw an opportunity to dramatically grow the business and help more global organizations adopt and extend the use of Apple technologies – and chose Summit as their partner in growth.
How Summit Partners Helped
- Led a $30 million growth equity investment in 2013 and provided a follow-on investment in 2016
- Worked closely with founders to scale the organization, helping to recruit key executive-level team members, including former CEO Dean Hager, as well as a CMO, CFO, CTO and CRO
- Collaborated with management to help expand and optimize the global sales organization, including helping to build a predictive model for sales hiring and productivity
- Provided strategic guidance in developing and supporting the introduction of Jamf Now, the company’s SMB cloud product that is distributed via a ‘freemium’ digital model
- Supported the company in its transition to a recurring revenue business model including the company’s development of analytical tools designed to analyze sales productivity, customer retention and forecasting
- Helped expand the company’s network with key strategic partners
- Served as an extension of management team, helping to drive both corporate development and business development opportunities
In 2017, Jamf raised a majority investment from Vista Equity Partners, with Summit retaining a minority position, as the company continued its rapid expansion. In 2020, Jamf completed its initial public offering (NASDAQ: JAMF). Today, Jamf remains the one of the only company in the world that provides a complete management and security solution for an Apple-first environment that is designed to be enterprise secure, consumer simple and protects personal privacy. With more than 70,000 global customers that rely on Jamf to manage over 31 million Apple devices across Mac, iOS, and tvOS, the company is committed to enabling IT, empowering end-users and bringing the legendary Apple experience to businesses, education institutions and government organizations.
* Statistics referenced herein reflect Summit’s investment from 2015 through June 30, 2023.
The Portfolio Company Executive quoted herein did not receive compensation for any statements regarding Summit Partners. However, since Jamf is a current portfolio company of Summit, this individual did receive general compensation in connection with his employment by the company. In addition, this individual is not an investor in a Summit fund but may have conflicts arising from his past role with Jamf due to the company’s relationship with Summit.
The content herein reflects the views of Summit Partners and is intended for executives and operators considering partnering with Summit Partners. For a complete list of Summit Partners portfolio companies, please click here.
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