Apple device management firm Jamf announced on Monday that it has entered into a definitive agreement to acquire identity and access management (IAM) solutions provider Identity Automation.
Jamf will buy Identity Automation for roughly $215 million in cash consideration, subject to conditions. The deal is expected to close in the second quarter of fiscal year 2025.
Identity Automation has developed a cloud-based IAM platform that provides identity lifecycle management, access governance, and authentication capabilities.
The company specializes in dynamic identities, which frequently change and require adjustments. For example, in the education sector, the roles of students and educators change depending on grade, school and district, and the Identity Automation platform can continuously adjust access, device, and security policies based on factors such as schedule, location, role and grade.
“We’re excited to bring Identity Automation’s identity and access capabilities into the Jamf platform,” said Jamf CEO John Strosahl. “By bringing our security solutions together, we’re creating a more streamlined and user-friendly experience that enables fast, dynamic access to all the resources users need to be productive.”
“We see the huge potential to help organizations that have a shared-device model, deskless workers, temporary staff, or contractors. By removing cumbersome onboarding and off-boarding processes, users can be productive as soon as they pick up a device,” Strosahl added.
A SecurityWeek analysis showed that a total of 405 cybersecurity-related mergers and acquisitions were announced in 2024, including 28 deals involving companies in the identity space.
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