Vista-backed device management software firm Jamf explores a sale

Device management software provider Jamf 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 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.