JAMF Holdings, Inc. Closes $30 Million in Funding
Summit Partners' Greg Goldfarb Joins JAMF's Board of Directors
MINNEAPOLIS, MN, December 10, 2013-- JAMF Holdings, Inc., the parent corporation of JAMF Software, the leader in Apple device management, today announced the closing of a $30 million investment, led by growth equity firm Summit Partners. JAMF Software 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. In conjunction with the investment, Greg Goldfarb, a managing director with Summit Partners, will join the JAMF Board of Directors. GSV Capital Corporation also invested in the round.
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 last 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.
Summit's Greg Goldfarb joins the JAMF Board to provide insight and counsel as the company continues its rapid growth and expansion into global markets to provide organizations with the most comprehensive breadth and depth of functionality to support Apple in the enterprise. Goldfarb joined Summit Partners in 2002 and has invested in many successful technology companies.
Comments on the News
"From the beginning, we wanted to build a company and products centered around the user experience, and that philosophy has helped us maintain focus over the years leading to exceptional levels of customer retention and a uniquely qualified and passionate team," said Chip Pearson, managing partner of JAMF Software. "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. We are honored that folks like Summit Partners share this outlook and commitment."
"Casper Suite allows administrators - many of whom came from a Windows background -- to confidently manage every Mac, iPhone or iPad in their environment via an elegant and flexible management platform," said Greg Goldfarb, a managing director with Summit Partners. "For organizations around the world that may still be testing and exploring how to embrace Apple devices, JAMF Software's pioneering approach helps align Apple's exceptional user experience with enterprise IT requirements to achieve the dual goals of end users and IT teams."
"It is a privilege to back a company and team as committed to customer success as JAMF Software has been," Goldfarb continued. "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. JAMF's depth of understanding and commitment to the Apple platform and community makes the company a unique and trusted partner to organizations of all types and sizes, as they, and their users adopt Macs, iPads and iPhones for computing and mobility."
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About JAMF Software
JAMF Software has focused exclusively on helping the enterprise succeed with the Apple platform since its founding in 2002. JAMF Software has over 4,000 customers across commercial, education and government verticals managing more than 2.8 million Macs, iPads and iPhones. JAMF Software is headquartered in Minneapolis, Minnesota. Visit JAMF at http://www.jamfsoftware.com/ and join the conversation at @JAMFSoftware.
About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 380 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable software companies financed by Summit Partners include Hyperion Solutions, McAfee Associates, RightNow Technologies, SeaChange International, Unica, WebEx Communications and Wildfire Interactive. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @summit_partners.
In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20-22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners' potential financing capabilities for prospective portfolio companies.
Kulesa Faul for JAMF Software
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