Jamf is a mid-market and enterprise device-management tool used by system administrators to configure and automate IT-administration tasks for macOS, iOS, iPadOS and tvOS devices.
Jamf is an enterprise-management solution of scale that remotely connects, manages and protects Apple users, devices and services.
Jamf rode the wave of Apple adoption in the enterprise, which was fueled by the rise of the bring your own device (BYOD) movement and personal, consumer adoption of Apple products in the 2010s. At the time of Battery’s 2016 investment, Apple controlled over 40% of the U.S. smartphone market and 25% of the global tablet market. Battery believed the growing comfort among consumers with the Apple ecosystem would in turn lead to increased adoption of the company’s products in the enterprise, where IT departments would need a solution for enterprise-device management. Indeed, while Mac usage was historically confined to a small number of departments within the enterprise–namely the marketing and creative departments–over the last 10 years, Apple product adoption has since expanded to include most other functional areas, from the C-Suite to sales, finance and IT.
In 2016, Battery made a passive, secondary investment in the company.
In October 2017, Vista Equity made a majority investment in Jamf.
The presented case study investment was made in particular economic and market conditions. There can be no assurance that Battery Venture would elect, or be able, to exploit similar opportunities in a similar manner under similar or different economic and market conditions. More generally, there can be no assurances that the Battery vehicles will have comparable investment opportunities in the future. No assumptions should be made that any investments identified above were profitable. It should not be assumed that recommendations made in the future will be profitable or comparable to the portfolio company described in this case study. For a full list of all Battery Ventures investments, please click here.
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