Jamf Announces Intent to Acquire ZecOps, to Provide a Market-Leading Security Solution for Mobile Devices as Targeted Attacks Continue to Grow

PRESS RELEASE

MINNEAPOLIS, Sept. 26, 2022 (GLOBE NEWSWIRE) — Jamf (NASDAQ: JAMF), the standard in Apple Enterprise Management, today announced it signed a definitive agreement to acquire ZecOps Inc., a leader in mobile detection and response.

This acquisition uniquely positions Jamf to help IT and security teams strengthen their organization's mobile security posture, accelerating mobile security investigations from weeks to minutes, leverage known indicators of compromise (IOC) at-scale, and identify sophisticated 0- or 1-click attacks on a much deeper scale.

"I am very excited to bring ZecOps' market-leading advanced mobile detection and response capabilities into the Jamf platform," said Dean Hager, CEO, Jamf. "We believe ZecOps has built a differentiated solution that meets a very important need for many organizations — the ability to thoroughly detect and investigate threats that target mobile users so they can confidently use these powerful devices for work. This capability further propels our goal of continuing to bridge the gap between what Apple provides and the enterprise requires."

Mobile devices now account for 59% of global website traffic, and according to the 2022 Verizon Mobile Security Index, close to half (45%) of companies said that they have suffered a compromise involving a mobile device in the past 12 months.

ZecOps will bring important capabilities to the Jamf platform to help address the growing trend of targeted mobile attacks. Jamf offers robust management and mobile security capabilities for iOS devices; however, access to deeper insights into potential security exploits is technically challenging and requires physical access to the device, which is difficult in a remote work environment. ZecOps is a robust, unparalleled solution that provides the deepest layer of insight and assurance for security-conscious customers with high-value targets that need something more. ZecOps provides the same level of visibility currently available for macOS through Jamf Protect but for iOS, making it capable of detecting the kinds of sophisticated mobile threats that Apple's Lockdown mode aims to prevent. With ZecOps, users can have both Lockdown mode and ZecOps software operating at the same time.

Advanced threat hunting on mobile devices
Advanced protection of mobile devices requires a layered approach. Proactive investigation and analysis complement device management and mobile threat defense for more advanced detections and preventative protections. ZecOps enables advanced threat hunting by capturing and analyzing logs from iOS and Android devices at the operating system layer, allowing security operations and incident response teams to perform automatic or on-demand mobile cyber investigations.

Digital forensics and incident response
Security teams are already drowning in data. Event logs, analyst reports, third-party threat intelligence feeds, and more are produced regularly for applications, endpoints, and network infrastructure. Mobile has historically been left out of this data feed. Many investigation teams lack expertise in modern mobile platforms. ZecOps' sophisticated digital forensics capabilities provides Security Operation Center (SOC) teams with unique mobile threat intelligence to uncover zero-day attacks. ZecOps does the heavy lifting for SOC teams, saving months of work per investigation. The solution automatically constructs a timeline of suspicious events and indicators of compromise to demonstrate when and how a device was impacted.

Privacy conscious
Data privacy is extremely important to Jamf. ZecOps shares Jamf's commitment to safeguarding user data by ensuring log collection doesn't include the user's material personal data such as photos, videos, text messages and call logs, and only leveraging low-level system information and diagnostics data to the cloud for analysis. ZecOps analysis can also take place on-premises to meet various organizations' and governments data privacy requirements.

"We founded ZecOps to catch hidden 0-click and 1-click attacks," said Zuk Avraham, co-founder and CEO, ZecOps. "By combining with Jamf, we can offer our customers a truly powerful mobile threat intelligence and threat hunting capabilities that will keep up with the evolving threat landscape without compromising the user experience."

This transaction is subject to the satisfaction of customary closing conditions and is expected to close in the fourth quarter. Terms of the transaction were not disclosed.

About Jamf
Jamf's purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment that is enterprise secure, consumer simple and protects personal privacy. To learn more, visit www.jamf.com.

About ZecOps
ZecOps develops the world's most powerful platform to discover and analyze mobile cyber attacks. Used by world-leading enterprises, governments and individuals globally, ZecOps Mobile Detection and Response platform provides a realistic and scalable approach to mobile threat hunting. ZecOps enables automated discovery of 0-day attacks and Advanced Persistent Threats (APTs), delivering anti cyber-espionage capabilities within minutes.

Forward-Looking Statements
This release relates to a pending acquisition of ZecOps, Inc. ("ZecOps") by Jamf Holding Corp. ("Jamf", "we", our" or "us"). This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, regarding the anticipated benefits of the acquisition, and the anticipated impacts of the acquisition on our business, products, financial results, and other aspects of our and ZecOps' operations. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "will," "should," "can have," "likely," and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. These risks, uncertainties, assumptions, and other factors include, but are not limited to: the effect of the announcement of the acquisition on the ability of Jamf or ZecOps to retain key personnel or maintain relationships with customers, vendors, developers, community members, and other business partners; risks that the acquisition disrupts current plans and operations; the ability of the parties to consummate the acquisition on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the acquisition; our ability to successfully integrate ZecOps' operations; our and ZecOps' ability to execute on our business strategies relating to the acquisition and realize expected benefits and synergies; and our ability to compete effectively, including in response to actions our competitors may take following announcement of the acquisition. Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption "Forward-Looking Statements" and elsewhere in our Form 10-Q for the quarter ended June 30, 2022, and other filings and reports we make with the Securities and Exchange Commission from time to time. Moreover, both we and ZecOps operate in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the acquisition, or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Forward-looking statements speak only as of the date the statements are made and are based on information available to us at the time those statements are made and/or our management's good faith belief as of that time with respect to future events. Except as required by law, we undertake no obligation, and do not intend, to update these forward-looking statements.

SOURCE: Jamf