Jamf, the enterprise Apple device management company, announced that it was acquiring Wandera, a zero trust security startup, for $400 million at the market close today. Today’s purchase is the largest in the company’s history.
Jamf provides IT at large organizations with a set of management services for Apple devices. It is the leader in the market, and snagging Wandera provides a missing modern security layer for the platform.
Jamf CEO Dean Hager says that Wandera’s zero trust approach fills in an important piece in the Jamf platform tool set. “The combination of Wandera and Jamf will provide our customers a single source platform that handles deployment, application lifecycle management, policies, filtering and security capabilities across all Apple devices while delivering zero trust network access for all mobile workers,” Hager said in a statement.
Zero trust, as the name implies, is an approach to security where you don’t trust anybody regardless of whether they are inside or outside your network. It requires that you force everyone to provide multiple forms of authentication to prove their identity before they can access company resources.
The need for a zero trust approach became even more acute during the pandemic when employees have often been working from home and have needed access to applications and other company resources from wherever they happened to be, a trend that was happening even prior to COVID, and is likely to continue after it ends.
Wandera, which is based in London, was founded in 2012 by brothers Roy and Eldar Tuvey, who had previously co-founded another security startup called ScanSafe. Cisco acquired that company, which helped protect web gateways as a service for $183 million back in 2009. The brothers raised over $53 million along the way for Wandera. Investors included Bessemer Venture Partners, 83North and Sapphire Ventures.
Writing in 2017 in a blog post announcing the firm’s investment in Wandera, Sapphire co-founder and managing director Andreas Weiskam had this to say about the startup:
The emerging category of mobile threat defense and mobile security more broadly present a large market opportunity. Wandera’s combination of a secure mobile gateway with an enduser application is well positioned to to capture this large market. It’s complementary set of functionalities which span several use cases can help make the mobile world more secure for enterprises without compromising usability or employee privacy.
Jamf now has access to all of that technology and everything else the company has developed since. Under the terms of the deal, Jamf is paying Wandera $350 million in cash, then paying them two $25 million payments on October 1, 2021 and December 15, 2021. The deal is expected to close in the third quarter assuming it passes regulatory scrutiny.