M&A Deal Summary

Jamf Acquires Identity Automation

On March 3, 2025, Jamf acquired software company Identity Automation from Argo Management Group and Spotlight Equity Partners for 215M USD

Acquisition Highlights
  • This is Jamf’s 3rd transaction in the Software sector.
  • This is Jamf’s 2nd largest (disclosed) transaction.
  • This is Jamf’s 4th transaction in the United States.
  • This is Jamf’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2025-03-03
Target Identity Automation
Sector Software
Buyer(s) Jamf
Sellers(s) Argo Management Group
Spotlight Equity Partners
Deal Type Add-on Acquisition
Deal Value 215M USD
Advisor(s) Macquarie Capital (Financial)
McDermott Will & Emery (Legal)

Target

Identity Automation

Houston, Minnesota, United States
Identity Automation is a provider of Identity and Access Management (IAM) software products that help customers automate and manage individual user identities (provisioning and lifecycle management) while providing attribute-based and role-based user authentication, authorization, and access privileges within and across on-premises and cloud-based enterprise systems. Identity Automation was founded in 2004 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Jamf

Minneapolis, Minnesota, United States

Category Company
Founded 2002
Sector Software
Revenue 627M USD (2024)
DESCRIPTION

Jamf provides enterprise device management and security software designed for Apple ecosystems. The Company’s cloud-based platform enables organizations to deploy, manage, and protect Apple devices across education, business, and government environments. Jamf was founded in 2002 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 6 of 6
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 6 of 6
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 dataJAR

Brighton, United Kingdom

dataJAR is a managed services provider (“MSP") focused on providing powerful Apple and Jamf services for businesses and educational organizations. The company's proprietary software provides a single pane of glass for Jamf MSP partners who assist in managing multiple organizations’ deployments, reducing support tickets, and allowing partners to more seamlessly manage devices. dataJAR was formed in 2013 and is based in Brighton, United Kingdom.

Buy -

Seller(S) 2

DESCRIPTION

Argo Management Group is a private investment partnership that specializes in making equity investments in profitable manufacturing, distribution, and service companies with annual sales of $5 to $30 million. Argo will invest up to $10 million in transactions to support family successions, management buyouts, corporate spin-offs, recapitalizations, and buy & build strategies. Argo has a geographic focus primarily in the Midwestern US and Southern Ontario Canada. Argo Management Group is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-10 Kivuto Solutions

Ottawa, Ontario, Canada

Kivuto Solutions is a provider of advanced digital distribution and management solutions that enable the secure delivery of digital resources to individuals, businesses, and organizations anywhere in the world. Kivuto simplifies the process of delivering any digital good to any market under virtually any terms and conditions. Over 60,000 academic institutions and departments trust Kivuto to manage and distribute software to their students, faculty and staff. The company distributes software and other digital resources to millions of users in over 185 countries. Kivuto Solutions was founded in 1997 and is based in Ottawa, Ontario.

Sell -
SELLER

Spotlight Equity Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Spotlight Equity Partners is a private equity firm focused on middle-market tech and software companies throughout the US. Spotlight looks to invest $5 to $50 million per transaction and generally seeks control. Spotlight Equity Partners has offices in San Francisco and New York City.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 Ease

San Clemente, California, United States

Ease is a SaaS platform that automates plant floor audits, inspections, and data collection for manufacturers, replacing manual, paper-based processes with digital workflows. Ease was founded in 1986 and is based in San Clemente, California.

Sell -