Jamf Acquires Wandera for $400M - Zero Trust Security Expansion

Jamf Acquires Wandera in $400 Million Deal

Jamf, a leading provider of Apple device management solutions for enterprise environments, announced today the acquisition of Wandera, a zero trust security specialist. The transaction, finalized at market close, is valued at $400 million and represents the largest purchase in Jamf’s history.

Expanding Security Capabilities

Jamf delivers a comprehensive suite of management tools for Apple devices utilized by large organizations. Recognized as a market leader, the integration of Wandera strategically enhances the platform with a crucial, contemporary security layer.

Dean Hager, CEO of Jamf, emphasized that Wandera’s zero trust methodology addresses a significant gap within the Jamf ecosystem. He stated that the combined offerings will provide customers with a unified platform for managing device deployment, application lifecycles, policies, filtering, and security – all while enabling zero trust network access for mobile workforces.

Understanding Zero Trust Security

The concept of zero trust security operates on the principle of verifying every user and device, regardless of location – internal or external. This approach mandates robust, multi-factor authentication to confirm identity before granting access to corporate resources.

The necessity for zero trust security has been amplified by the shift towards remote work, accelerated by the recent pandemic. Even before COVID-19, and projected to continue afterward, employees increasingly require access to company applications and data from diverse locations.

Wandera's Background and Investment

Founded in 2012 by brothers Roy and Eldar Tuvey, Wandera is headquartered in London. The Tuvey brothers previously established ScanSafe, another security startup, which was acquired by Cisco in 2009 for $183 million.

Throughout its journey, Wandera secured over $53 million in funding from investors including Bessemer Venture Partners, 83North, and Sapphire Ventures.

Investor Perspective

Andreas Weiskam, co-founder and managing director at Sapphire Ventures, lauded the Tuvey brothers’ entrepreneurial skills and leadership. He highlighted their success in building a substantial company.

Weiskam further noted that Wandera’s unique security product effectively tackles mobile threats through the implementation of zero trust network access. He believes the integration with Jamf will be instrumental in shaping the future of zero trust cloud security, ultimately benefiting customers, particularly those within the Apple ecosystem.

Deal Terms and Timeline

The acquisition agreement stipulates a $350 million cash payment to Wandera upfront. Additional payments of $25 million each are scheduled for October 1, 2021, and December 15, 2021.

The transaction is anticipated to be completed in the third quarter, contingent upon fulfilling all necessary regulatory requirements.