EAU CLAIRE, Wis. — San Francisco-based technology investment firm Vista Equity Partners entered into an agreement to buy a majority share in Jamf.
The software company founded in Eau Claire announced Wednesday in a news release that the transaction is expected to close by the end of this year. Financial terms were not disclosed.
Jamf CEO Dean Hager assured customers in a blog post that the software company will remain an independent, standalone company and its team will not be affected by the deal with Vista.
“This majority investment simply means that Jamf’s owners sold a controlling number of shares to Vista,” Hager wrote.
Jamf’s prior ownership included several different entities, he noted, none of whom owned greater than 50 percent.
Jamf has more than 700 employees worldwide, including about 220 in its Eau Claire office building next to Phoenix Park and 275 at the company’s Minneapolis headquarters. Jamf makes software that manages Apple devices for businesses and organizations.
Vista Equity Partners was founded in 2000 and specializes in investing in software, data and technology companies.
Vista’s CEO Robert Smith previously worked in tech investment banking and mergers and acquisitions for Goldman Sachs.