US enterprise management software company Jamf is set to acquire zero-trust cloud security firm Wandera for $400m in cash.
Founded in 2002, Jamf provides enterprise management software for Apple devices. Through the acquisition, the company will now add Zero Trust Network Access, mobile threat defence and data policy features to Jamf’s Apple Enterprise Management Platform.
Jamf declared the acquisition during its first-quarter results for 2021, where the company saw its revenue grow 34% year-on-year to $81.2m. Annual recurring revenue hiked 37% year-on-year to $308m. The transaction is expected to be closed during the third quarter of this year.
Jamf announced the acquisition of Wandera during its Q1 2021 fiscal results, where it announced that Q1 total revenue grew 34% year-over-year to $81.2 million, and annual recurring revenue grew 37% year-over-year to $308 million as of March 31, 2021.
Wandera, meanwhile, has an annual reoccurring revenue of around $25m as of March of this year.
A 2020 enterprise survey by IDC found the use of macOS devices in the enterprise space is growing, with the average use of the devices around 23%, compared to 17% the year before.
Jamf CEO Dean Hager said, “In order to lead Apple Enterprise Management and best serve the growing number of organizations using Apple at work, Jamf needs to fill the gap between what users want and what the enterprise requires.
“The combination of Wandera and Jamf will provide our customers a single source platform that handles deployment, Application Lifecycle Management, policies, filtering, and security capabilities across all Apple devices while delivering Zero Trust Network Access for all mobile workers.”
Copyright © 2021 RegTech Analyst
Copyright © 2018 RegTech Analyst
