Press release

Dragoneer Investment Group Announces Secondary Block Purchase of $300 Million in Jamf Common Stock from Vista Equity Partners

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Dragoneer Investment Group (“Dragoneer”), a leading growth-oriented public and private investor, today announced it has executed a privately placed secondary block trade with Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses and the principal shareholder of Jamf (NASDAQ: JAMF), through which Dragoneer has acquired $300 million of Jamf common stock from Vista at an average price of $33.50 per share. The $33.50 price per share is reflective of Jamf’s 30-day volume weighted stock price as of September 3, 2021, the day of transaction signing. The trade follows a confidential review of information regarding Jamf’s operations and performance by the Dragoneer team and reflects Dragoneer’s confidence in Jamf’s long-term outlook.

Jamf is the leading Apple Enterprise Management platform globally with greater than 53,000 customers using Jamf to deploy and secure over 23 million Apple devices as of June 30, 2021. The company offers cloud-based solutions to remotely connect, manage, and protect Apple users, devices, and services. Jamf’s platform is designed to improve security and lower support cost while delivering users a consumer-simple experience with enterprise-deployed Apple Mac, iPad, iPhone, and Apple TVs.

“The presence of Apple’s products in the public and private sectors is continuing to grow at a rapid rate, and as the clear market leader in enterprise management software for Apple products, Jamf is very well positioned to capitalize on this long-term trend,” said Marc Stad, Founder and Managing Partner of Dragoneer Investment Group. “We came away from our diligence process, including a review of Jamf’s recent Wandera acquisition, more impressed than ever with the company’s execution, team and strategic vision. While consistently delivering excellent results during changing market conditions, Jamf has greatly expanded its product set and grown its partnerships with the world’s leading organizations – and we are confident that they will continue to take advantage of the significant market opportunity in front of them.”

“We are glad to be partnering with the Vista team,” Stad said. “We admire the work they have done in supporting Jamf’s growth and innovation.”

The transaction will see Dragoneer’s ownership stake in Jamf increase from 9.5% to 17%, marking the continued strengthening of Dragoneer’s ongoing relationship with the company. The trade builds upon Dragoneer’s anchoring of the Jamf IPO in July 2020 and subsequent marketed secondaries, and is consistent with Dragoneer’s prior strategic investments in other market-defining high-growth public SaaS companies. Dragoneer often backs public companies over many years in a variety of creative ways.

“Dragoneer has a strong track record of investing in leading enterprise software companies and their decision to double down on Jamf with this investment speaks volumes about the incredible magnitude of Jamf’s long-term potential and our shared enthusiasm for the company,” said Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director. “We are excited to have Dragoneer join us as we continue to support Jamf on its journey to becoming one of the world’s foremost enterprise software businesses.”

“We are honored to be part of Dragoneer’s second-to-none investment portfolio,” said Dean Hager, Chief Executive Officer of Jamf. “People have always loved using Apple products in their home, and we’re proud to be helping extend the legendary Apple experience to businesses, schools and government organizations. We remain committed to empowering organizations with a better Apple experience and look forward to continuing to find new ways to create value for our customers.”

About Dragoneer Investment Group

Dragoneer Investment Group is a growth-oriented investment firm with over $21 billion in long-duration capital from many of the world’s leading endowments, foundations, sovereign wealth funds, and family offices. The firm has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. The firm’s track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Ceridian, Chime, Datadog, Doordash, Duck Creek, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath and others.

About Jamf

Jamf, the standard in Apple Enterprise Management, extends the legendary Apple experience people love to businesses, schools and government organizations through its software and the world’s largest online community of admins focused exclusively on Apple, Jamf Nation. To learn more, visit: www.jamf.com.

About Vista Equity Partners

Vista is a leading global investment firm with more than $77 billion in assets under management as of March 31, 2021. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.