Growth equity firm invests $30 million in JAMF
Posted: December 13, 2013
Minneapolis,MN-based JAMF Holdings Inc., the parent company of JAMF Software, the leader in Apple device management, announced this week the closing of a $30 million investment, led by growth equity firm Summit Partners. JAMF Software, which was established in 2002 and is constructing a four-story, 70,000-square-foot building near Phoenix Park in downtown Eau Claire, will use the funding to drive product development, expand industry partnerships and deliver on the company's vision to enable organizations of all sizes to succeed with the Apple platform.
JAMF Software's flagship product, Casper Suite, is the only Mac, iPad, Apple TV and iPhone management software that is developed exclusively for the Apple platform. Over the past 11 years, JAMF's market share has grown exponentially worldwide with more than 4,000 customers - including 34 of the Fortune 100 - and more than 2.8 million Apple devices under management.
"For over 11 years, JAMF has operated as a bootstrapped startup, not relying on external resources. Today's announcement reflects Apple's continued growth in the enterprise and JAMF's commitment to helping enterprises succeed with their vision around the Apple platform," said JAMF Managing Partner Chip Pearson.
Greg Goldfarb, a managing partner with Summit Partners, will join the JAMF Board of Directors. He said JAMF's depth of understanding and commitment to the Apple platform makes the company unique.
"It is a privilege to back a company and team as committed to customer success as JAMF Software has been. When JAMF started in 2002 as a company dedicated to serving Apple administrators, very few people had the vision of what Apple would achieve over the last decade," said Goldfarb.
JAMF's new building, which is scheduled to open in late 2014, is expected to house as many as 300 workers. The firm currently has about 275 employees worldwide.
GSV Capital Corp. also invested with Summit Partners. TBL