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Device management software provider Jamf JAMF.O is exploring a sale as weakness in its stock price makes it a prime takeover candidate for other companies, according to people familiar with the matter.
Jamf, which is backed by Vista Equity and has a market capitalization of roughly $1.4 billion, is working with investment bankers at Citigroup C.N on the sale, said the people, who requested anonymity speaking about private deal deliberations. The company has been fielding offers from would-be suitors in recent months, they added.
Vista Equity, which owns 34% of the company's stock, is expected to exit its position in the company as part of Jamf's sale, the people said.
Vista and Citi declined to comment, while Jamf did not respond to Reuters' request for comment.
Posted In: JAMF