Wandera

History

2021: Acquisition by Jamf Holding for $400 million

On May 11, 2021, a company Jamf Holding specializing integration in mobile devices and support Apple in enterprise infrastructures announced the acquisition startup of Wandera, which is engaged information security cloudy in resources. The deal amounted to 400 million. dollars

Developer of software for integrating Apple devices in enterprise environments bought out the cloud startup Wandera for $400 million < br/> Source photo: pracodawcy.pracuj.pl

Founded in 2012, Wandera offers a software solution for information protection of data in the cloud based on the principle of "zero trust" when accessing any applications and data. All security settings are controlled through a single console.

Wandera partners include PepsiCo, Eurostar International, Ernst & Young, General Electric Co., MasterCard, PayPal, Deloitte Touche Tohmatsu, Toshiba and many others.

Jamf is an American developer of a software platform for integrating and administering Apple mobile and stationary devices in the corporate infrastructure. The company was founded in 2002, and by May 2021 its partners are IBM, Salesforce, SAP and other corporations.

By purchasing Wandera, Jamf intends to expand the range of its offerings with a focus on data security.

Jamf's goal is to close the gap between what users want and what the enterprise needs. The combination of Wandera and Jamf solutions will provide our customers with a single platform with which to deploy, manage application lifecycles, configure policies, filter and protect information on all Apple devices; remote workers will also have the possibility of super-secure access to corporate resources according to the Zero Trust model, the words of Dean Hager, Executive Director of Jamf, are quoted in the press release.

For companies that offer enterprise resource management solutions, cloud security and secure remote access in a pandemic is an urgent need, not just a competitive advantage. The large deal amount means both Jamf's high interest in cloud protection features and that Wandera's offer fully meets the buyer's requests, says Mikhail Zaitsev, an information security expert at SEC Consult Services.

According to the terms of the transaction, Wandera shareholders will receive $350 million at a time, the remaining $50 million will be paid in two tranches of $25 million in October and December 2021.

Shortly before the sale, Wandera raised an investment of $53.5 million from a consortium of investors that includes 83North, Sapphire Ventures, Bessemer Venture Partners, Greylock, Index Ventures, LocalGlobe and 14W^[1].

Notes