MINNEAPOLIS, May 07, 2024 (GLOBE NEWSWIRE) -- Omdia recently released an extensive study on the endpoint and workspace management market that included a spotlight on Jamf (NASDAQ:JAMF), the standard in managing and securing Apple at work. In the 2024 Omdia Universe on Digital Workspace Management Platforms, the research firm profiles Jamf as the only company with a complete platform that caters to the unique needs of an Apple-first environment.  "Over recent years, the way employees work has undergone signi ...

MINNEAPOLIS, May 06, 2024 (GLOBE NEWSWIRE) -- Jamf, (NASDAQ:JAMF), the standard in managing and securing Apple at work, is proud to be recognized by Cyber Defense Magazine's (CDM) Global Infosec Awards in the following categories: Market Leader Zero Trust BYODMarket Leader Mobile Device SecurityCutting Edge Mobile Endpoint Security These accolades are a testament to Jamf‘s dedication to bridging the gap between what Apple provides and what enterprises require, providing a complete management and security so ...

MESA, Ariz., April 29, 2024 (GLOBE NEWSWIRE) -- Today, Mesa Community College (MCC) announced it is partnering with Jamf (NASDAQ:JAMF), the standard in managing and securing Apple at work, to bring Jamf training to MCC students and aspiring IT professionals. This critical new certification introduced through the Maricopa Information Technology Institute (MITI) will be added to MCC's Enterprise IT Professional for Apple Technology course series. The IT job market is experiencing tremendous growth bringing hi ...

MINNEAPOLIS, April 17, 2024 (GLOBE NEWSWIRE) -- Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, announced today it will report first quarter 2024 financial results for the period ended March 31, 2024, following the close of the market on Wednesday, May 8, 2024. On that day, management will host a conference call and webcast at 3:30 p.m. CT (4:30 p.m. ET) to discuss the company’s business and financial results. Jamf First Quarter 2024 Earnings Conference Call When: Wednesday, May 8 ...

MINNEAPOLIS, April 09, 2024 (GLOBE NEWSWIRE) -- Today, Jamf (NASDAQ:JAMF), the standard in managing and securing Apple at work, held a special Jamf Event to showcase a number of new offerings developed to help organizations maximize technology investments and meet important compliance needs. The live-streamed event, split into concurrently streamed commercial and education keynotes, showcased new and upcoming updates to Jamf's Apple-first, Apple-best management and security platform. "At Jamf, we celebrate ...

MINNEAPOLIS, March 07, 2024 (GLOBE NEWSWIRE) -- Jamf (NASDAQ:JAMF), the standard in managing and securing Apple at work, today announced its same-day support for Apple Vision Pro's visionOS 1.1 release, which became generally available today. Jamf's same-day support for visionOS 1.1 comes shortly after its support for iOS 17.4 which introduced significant changes necessitated by the Digital Markets Act (DMA), which went into effect on March 5.  Same-day support to help organizations re-imagine how work gets ...

We ended 2023 with 75,300 customers and 32.3 million devices on our platform. Of these customers, 41% run both Jamf management and a security product. This represents a significant increase due to the transition of our Jamf Now customers to Jamf Fundamentals. Jamf Fundamentals provides the most complete yet simple IT solution for small- to medium-sized businesses to manage and protect their Apple ecosystem. Other highlights include a continued demand for Jamf's Apple first security platform with 33% year-ov ...

Jamf Holding (JAMF) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.08, delivering a surprise of 14.29%.Over the last four quarters, the company has ...

Customer Base and Market Presence - Jamf has over 75,300 customers deploying 32.3 million devices across more than 100 countries and territories as of December 31, 2023[24] - Jamf had over 75,300 customers as of December 31, 2023, with 28,000 new customers added in the last three years[80] - Jamf's international presence grew, with 35% of new subscriptions originating outside North America in 2023[75] - Jamf's global Total Addressable Market was estimated to be approximately $35 billion in 2022, based on Frost & Sullivan data[66] Customer Satisfaction and Retention - Jamf's Net Promoter Score (NPS) is 55 as of November 2023, significantly exceeding industry averages[25] - The company maintained a high customer satisfaction score of 9.24 out of 10 in 2023 based on surveys[84] - Jamf's dollar-based net retention rate was 108% as of December 31, 2023, with 30,700 customers using both management and security products[75] - Approximately 57% of Jamf's bookings for the year ended December 31, 2023, were facilitated via channel partners[73] Product Offerings and Innovation - Jamf Pro, the company's flagship product, has been serving customers since 2002 and supports SMBs, enterprises, and educational institutions[46] - Jamf Now offers pay-as-you-go Apple device management and security for SMBs, enabling remote configuration and inventory management[49] - Jamf School provides educators with tools to manage classroom devices, deploy lessons, and control access to content for students[50] - Jamf Connect allows IT admins to provision devices with business-critical applications based on cloud identity, ensuring seamless remote access[51] - Jamf's Jamf Protect solution provides endpoint security for Mac, iOS, Android, and Windows devices, including mobile threat detection and zero-day phishing prevention[53] - Jamf's Jamf Business Plan offers a bundled solution for Apple device lifecycle management, including deployment, identity, access, management, and security[54] - Jamf's Jamf Executive Threat Protection, acquired from ZecOps in 2022, provides advanced device telemetry analysis to identify and remediate targeted attacks[56] - Approximately 24% of the company's global employee base is dedicated to research and development[89] - The company's research and development teams are organized into small, agile teams focused on product innovation and same-day support for Apple releases[89] Financial Performance - Total revenue for the year ended December 31, 2023 was $560.6 million[425] - Subscription revenue grew to $543.019 million in 2023, a 19.3% increase from $455.007 million in 2022[440] - Net loss for 2023 was $110.086 million, an improvement from $141.301 million in 2022[440] - Cash and cash equivalents increased to $243.576 million in 2023, up from $224.338 million in 2022[438] - Total assets grew to $1.589 billion in 2023, compared to $1.529 billion in 2022[438] - Sales and marketing expenses rose to $250.757 million in 2023, a 15.2% increase from $217.728 million in 2022[440] - Research and development expenses increased to $134.422 million in 2023, up 12.1% from $119.906 million in 2022[440] - Net cash provided by operating activities in 2023 was $36.0 million, down from $90.0 million in 2022 and $65.2 million in 2021[448] - Acquisitions, net of cash acquired, in 2023 totaled $18.8 million, compared to $23.8 million in 2022 and $352.7 million in 2021[448] Employee and Workforce Metrics - The company's voluntary retention rate for employees was 93% as of December 31, 2023[101] - In the annual employee engagement survey conducted in September 2023, 86% of over 2,400 participating employees agreed they would recommend the company as a great place to work[101] - Women made up approximately 37% of the company's management team as of December 31, 2023[102] - As of December 31, 2023, the company had 2,767 employees, with 1,665 employed in the U.S. and 1,102 employed outside the U.S.[103] - The company announced a workforce reduction plan in January 2024, impacting approximately 6% of full-time employees[155] Regulatory and Compliance Risks - The company is subject to data privacy regulations such as GDPR, UK-GDPR, CPRA, and CCPA, which impose significant penalties for non-compliance[107] - The company is subject to global data protection laws such as GDPR, CCPA, and CPRA, which may impact demand for its platform and increase compliance costs[196] - European data transfers outside the European Economic Area are highly regulated, with mechanisms like Standard Contractual Clauses facing legal challenges[197] - Compliance with privacy laws and contractual obligations may result in substantial costs, fines, or reputational damage[200] - Increased regulatory scrutiny from the SEC on cybersecurity disclosures poses additional risks for the company[189] Cybersecurity and Data Protection - Cybersecurity risks are increasing, with potential for significant liabilities and reputational damage if a breach occurs[185] - The company relies on third-party software vendors, limiting its ability to monitor data security and ensure integrity[186] - A security breach could result in litigation, regulatory investigations, fines, and significant costs for remediation and mitigation[187] - The company's cybersecurity products may fail to detect advanced attacks, leading to potential claims and reputational harm[188] - Customers are responsible for their own data security, but breaches on their systems could still harm the company's reputation and finances[190] Intellectual Property and Legal Risks - As of December 31, 2023, the company owned 13 issued U.S. patents and 28 issued patents in foreign jurisdictions[91] - The company's issued U.S. patents will expire between 2034 and 2042, excluding any patent term adjustments or extensions[91] - The company may face intellectual property disputes, potentially leading to significant expenses, damages, or product redesigns[201] - The company relies on third-party software and intellectual property licenses, which may not always be available on commercially reasonable terms[204] - The company's limited patent portfolio may hinder its ability to deter patent infringement claims[203] Operational and Market Risks - Rapid technological changes and failure to respond to evolving customer needs could render existing products obsolete and unmarketable[165] - Sales expansion depends on factors like customer awareness, product enhancements, and effective marketing programs[166] - Development of new technology is complex and uncertain, with risks including failure to predict market demands and defects in new products[167][168] - Intense competition from companies with greater resources could result in reduced sales and margins[170] - Incorporation of AI/ML technologies may expose the company to reputation harm, liability, and regulatory challenges[171] - Competitive pressures from existing and new companies may harm the company's business, revenue, and market share[172] - Customer dissatisfaction with Apple devices could negatively impact the company's results of operations[124] - Sales cycles are lengthy and unpredictable, particularly for large enterprises and government entities[177] - The company relies on free trials and inbound lead-generation strategies, which may not consistently convert to paying customers[182] - Real or perceived errors, failures, or bugs in the company's products could lead to negative publicity, loss of customers, and liability claims[191][192] - Service outages or performance problems could harm the company's reputation and financial condition, especially during peak usage times[193] - Apple service outages could negatively impact customer perception of the company's products and lead to reputational damage[194] Financial and Accounting Details - The company had $243.6 million in cash and cash equivalents as of December 31, 2023[413] - The company issued $373.8 million in 0.125% 2026 Notes in September 2021[414] - The company's cash and cash equivalents are held in money market deposit accounts and funds with original maturities of three months or less[413] - The company's revenue recognition process involves significant effort due to the high volume of transactions[425] - The company may incur debt or issue equity securities for transactions, potentially diluting shareholders and increasing fixed obligations[162] - The company maintained effective internal control over financial reporting as of December 31, 2023[428] - Internal controls of dataJar were not included in the company's assessment of internal control over financial reporting[429] - Stockholders' equity as of December 31, 2023, was $717.5 million, down from $738.4 million at the end of 2022[445] - The company issued 711,111 shares of common stock in connection with a business combination in 2022, valued at $15.1 million[445] - Cash, cash equivalents, and restricted cash totaled $1.9 million in other current assets and $10.9 million in other assets as of December 31, 2023[465] - The company capitalized $1.9 million in implementation costs for cloud computing arrangements in other current assets and $10.9 million in other assets[465] - No material impairment losses were recognized for equipment and leasehold improvements during 2021, 2022, and 2023[464] - The company's service arrangements may include the right to control the use of an asset, subject to ASC 842 lease accounting standards[470] Geographic and Regional Performance - Revenue by geographic region for 2023 was $560.6 million, with $377.9 million from the Americas, $140.2 million from Europe, the Middle East, India, and Africa, and $42.5 million from Asia Pacific[458] - Long-lived assets as of December 31, 2023, totaled $32.8 million, with $21.5 million in the Americas, $3.2 million in Europe, the Middle East, India, and Africa, and $8.2 million in Asia Pacific[459] - The U.S. accounted for 65% of the company's total long-lived assets as of both December 31, 2023, and 2022[459] Industry Trends and Market Dynamics - Apple operating systems accounted for 24% of global web traffic in December 2023, up from 4% in January 2009[35] - In the U.S., Apple operating systems represented 41% of web traffic in December 2023, compared to 35% for Microsoft and 20% for Google[35] - IDC predicts a 20% increase in Mac sales to business users worldwide between 2023 and 2024[35] - 80% of remote-capable employed Americans worked exclusively or partially remote in 2023, according to a Gallup study[39] - The company faces competitive pressures from potential mergers and acquisitions in the cloud-based technology industry[173]

Exhibit 99.1 Jamf Announces Fourth Quarter and Fiscal Year 2023 Financial Results MINNEAPOLIS – February 27, 2024 – Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023. "Jamf completed 2023 with solid results as organizations choose Jamf to enable an Apple-first, modern approach to managing and securing employee devices," said John Strosahl, Jamf CEO. "Our unique ability to deliver Trusted ...