Who Owns Jamf Company?

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Who Owns Jamf?

Jamf, a key player in Apple device management, transitioned to public ownership via an IPO in July 2020. Founded in 2002, its journey from a private entity to a publicly traded company significantly altered its ownership structure.

The company's growth, fueled by its comprehensive platform for managing iPhones, iPads, and Macs, has attracted a diverse shareholder base. Understanding Jamf's ownership is crucial for grasping its strategic direction and market influence.

Jamf's evolution from its founding by Zach Halmstad and Chip Pearson to its current status as a public company highlights significant shifts in its ownership. Initially bootstrapped, the company secured various funding rounds before its IPO. As of March 31, 2025, Jamf reported total revenue of $167.6 million, a 10% increase year-over-year, underscoring its market performance and appeal to investors. This growth trajectory has led to substantial institutional ownership, with various funds holding significant stakes. The company's commitment to simplifying Apple device management, as seen in its Jamf PESTEL Analysis, continues to drive its market position.

Jamf was established in 2002 in Eau Claire, Wisconsin, by Zach Halmstad and Chip Pearson, with Christopher Thon also recognized as a co-founder. Their collective experience as Apple systems administrators fueled a shared ambition to enhance organizational capabilities with Apple devices through user-focused solutions.

Founding Vision

The founders, all former Apple systems administrators, aimed to empower organizations using Apple technology. Their vision was to create user-centric tools that simplified Apple device management.

Early Operations

Initially, Jamf operated as a bootstrapped company, funded by the founders' personal investments and early consulting revenue. The focus was on serving educational and creative sectors.

First Product

The company's inaugural product, 'The Casper Suite,' was released in 2002. This software was specifically developed to streamline the management of Apple devices.

Initial Ownership Structure

During its inception, Jamf was entirely founder-owned, reflecting a lean operational model. The founders maintained full control and decision-making authority.

Focus on Niche Markets

The company concentrated its efforts on building a dedicated client base within specific industries. These early markets were primarily education and creative fields.

Founder Motivation

Zach Halmstad's experience as an IT professional highlighted the critical need for effective Apple device management tools. This personal insight was a key driver for the company's formation.

The early days of Jamf were characterized by a bootstrapped approach, with the founders relying on their personal savings and the revenue generated from consulting services. This lean operational strategy allowed them to maintain a tight focus on their core mission and customer base, primarily within the education and creative sectors. The company's initial product, 'The Casper Suite,' launched in 2002, was a direct response to the identified need for simplified Apple device management. While specific equity details from this period are not publicly disclosed, the bootstrapped nature strongly suggests that the founders held complete ownership and control, directly shaping the company's trajectory and product development. There is no public record of any founder disputes or buyouts during these foundational years, indicating a unified approach to building the business. Understanding the Growth Strategy of Jamf provides further context to these early ownership dynamics.

Key Aspects of Early Jamf Ownership

The initial ownership of Jamf was firmly in the hands of its founders, reflecting a commitment to their vision and a lean operational model.

• Founded in 2002 by Zach Halmstad, Chip Pearson, and Christopher Thon.
• Bootstrapped operations funded by founders' personal savings and consulting revenue.
• Focused on serving the education and creative industries initially.
• Launched 'The Casper Suite' in 2002 to manage Apple devices.
• Founders held full ownership and control during the early phase.

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Jamf's journey from a privately held company to a publicly traded entity involved significant capital infusions and strategic shifts. A pivotal moment was the $30 million Series B funding round in December 2013, led by Summit Partners, which provided the initial external capital to fuel expansion.

The company's transition to public ownership culminated in its Initial Public Offering (IPO) on July 22, 2020, with shares listed on The Nasdaq Global Select Market under the ticker symbol 'JAMF.' The IPO was priced at $26.00 per share, with an initial offering of 18,000,000 shares, later increased to 20,700,000 shares due to strong demand. Jamf itself offered 13,500,000 shares, securing net proceeds of approximately $319.7 million from its stake in the offering.

Jamf's Major Stakeholders

As of July 18, 2025, Jamf Holding Corp. is held by a substantial number of institutional investors, indicating widespread confidence in its market position. The company's ownership structure reflects a significant presence of institutional capital, alongside insider holdings.

• Jamf Holding Corp. has 377 institutional owners and shareholders as of July 18, 2025.
• Vista Equity Partners Management, Llc is the largest shareholder, holding 45,358,762 shares as of March 31, 2025.
• Wellington Management Group Llp holds 11,634,982 shares as of March 31, 2025.
• Other significant institutional holders include Dragoneer Investment Group, LLC, Vanguard Group Inc, BlackRock, Inc., and Summit Partners L P.
• Institutional ownership accounts for approximately 92.18% to 93.81% of Jamf stock.
• Insider ownership is reported between 2.70% and 75.01%, with net insider selling observed in the last 12 months as of 2025.
• Vista Equity Partners Management LLC is reported as the largest individual shareholder, owning 221.94 million shares, representing 168.31% of the company as of 2025, suggesting a complex ownership dynamic.

These ownership details highlight the significant influence of institutional investors on Jamf's strategic direction, likely reinforcing its focus on profitable expansion within the Apple enterprise management sector. Understanding who owns Jamf provides insight into its operational priorities and future growth strategies, aligning with the company's Mission, Vision & Core Values of Jamf.

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Jamf Holding Corp.'s Board of Directors is responsible for guiding the company's strategic decisions and ensuring accountability to its shareholders. The board composition is subject to change, reflecting the dynamic nature of corporate governance.

The voting power at Jamf is structured around a one-share-one-vote principle for its common stock. As of April 1, 2024, there were 128,333,366 shares of common stock outstanding, each carrying a single vote. Cumulative voting is not a feature of Jamf's director elections or other shareholder decisions. However, a significant aspect of Jamf's voting structure involves a provision that requires a majority vote of outstanding shares for shareholders to amend, alter, rescind, or repeal the company's bylaws, provided that Vista Equity Partners beneficially owns at least 50% of the voting power. This highlights the potential influence of major pre-IPO investors, such as Vista Equity Partners, on corporate governance, especially considering that during the IPO, one shareholder secured the right to designate all board nominees as long as they held 40% or more of the shares outstanding at that time. This structure is a key element in understanding Jamf company ownership details.

Understanding Voting Power and Shareholder Influence

Jamf's voting structure is designed to balance shareholder rights with the influence of significant stakeholders. Understanding these dynamics is key to grasping Jamf stock ownership.

• One-share-one-vote system for common stock.
• No cumulative voting for director elections.
• Shareholder approval required for bylaw changes if a major investor holds 50% voting power.
• Potential for significant control by pre-IPO investors.
• This structure impacts overall Jamf company ownership.

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Over the past few years, Jamf has experienced shifts in its operational strategy and leadership, alongside dynamic movements among its institutional investors. These changes reflect an ongoing effort to refine the company's focus and manage its public market presence. Understanding these trends is key to grasping the current Jamf company ownership structure.

Institutional investors have been actively managing their stakes in Jamf stock throughout 2024 and into early 2025. These adjustments highlight varying perspectives on the company's future performance and strategic direction. Such active portfolio management by major shareholders is a common characteristic of publicly traded companies, influencing Jamf stock ownership dynamics.

Institutional Investor Activity (Q1 2025)

Dragoneer Investment Group reduced its holdings by 4,632,254 shares, a decrease of 34.4%. Sunriver Management LLC significantly increased its stake by adding 3,077,674 shares, marking an infinite percentage increase. Wellington Management Group LLP also expanded its position, acquiring an additional 789,770 shares, representing a 7.3% rise in their holdings.

Financial Performance Indicators

Jamf reported a 14.6% revenue increase over the twelve months ending Q2 2024. The company maintained a strong gross profit margin of 79.72%. First-quarter 2025 results, announced May 6, 2025, showed total revenue of $167.6 million, a 10% year-over-year increase. Security Annual Recurring Revenue (ARR) reached $162 million as of March 31, 2025, up 17% year-over-year.

Leadership and Governance

Changes in executive leadership and the board of directors are indicative of strategic adjustments. The appointment of David Rudow as CFO and the upcoming board refreshment signal a focus on strengthening management and governance structures. These moves are crucial for guiding the company's future direction and are important considerations for understanding Jamf company ownership details.

Strategic Share Management

In May 2024, Jamf announced a public stock offering involving affiliates of Vista Equity Partners, alongside its intention to repurchase 2,000,000 shares. This dual action aims to manage potential share dilution from the offering and enhance shareholder value, reflecting a proactive approach to its Jamf stock ownership and market presence. This strategy is vital for those tracking Jamf investors and Jamf stock ownership.

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