Related party transactions

12 Months Ended

Dec. 31, 2021

Related Party Transactions [Abstract]

Related-party transactions

Related party transactions

The Company made pledges to the Jamf Nation Global Foundation (“JNGF”) of $1.2 million, $0.5 million, and $1.1 million for the years ended December 31, 2021, 2020, and 2019, respectively. As of December 31, 2021 and 2020, the Company accrued $1.5 million and $0.9 million, respectively, which are included in accrued liabilities in the consolidated balance sheets. The Company has an ongoing lease agreement for office space in Eau Claire, Wisconsin with an entity in which a related party is a minority owner. See Note 7 for further discussion of this lease agreement. The Company may engage in transactions in the ordinary course of business with significant shareholders or other companies whose directors or officers may also serve as directors or officers for the Company. The Company carries out these transactions on customary terms.

Vista is a U.S.-based investment firm that controls the funds which previously owned a majority of the Company. In the third quarter of 2021, Vista sold a portion of its investment in the Company such that its funds no longer owned a majority of the Company as of December 31, 2021. However, Vista is deemed a related party in accordance with ASC Topic 850, Related Party Disclosures (“ASC 850”) as it continues to be a principal owner of the Company. The Company has paid for consulting services and other expenses related to services provided by Vista and Vista affiliates. The total expenses incurred by the Company for these services were $0.1 million, $0.3 million, and $1.0 million for the years ended December 31, 2021, 2020, and 2019, respectively. The Company had nil and less than $0.1 million in accounts payable related to these expenses as of December 31, 2021 and 2020, respectively.

The Company also has revenue arrangements with Vista affiliates. The Company recognized revenue related to these arrangements of $0.9 million, $1.0 million, and $0.7 million for the years ended December 31, 2021, 2020, and 2019, respectively. The Company had $0.2 million and $0.3 million in accounts receivable related to these agreements as of December 31, 2021 and 2020, respectively.

In addition, the Company pays for services with Vista affiliates in the normal course of business. The total expenses incurred by the Company for services with Vista affiliates were $1.3 million, $0.7 million, and $0.7 million for the years ended December 31, 2021, 2020, and 2019, respectively. The Company had $0.1 million in accounts payable related to these expenses as of both December 31, 2021 and 2020. The Company also has future commitments for other support software with certain Vista affiliates. See Note 8 for more information.

During the years ended December 31, 2020 and 2019, affiliates of Vista were paid $2.1 million and $3.4 million, respectively, in interest on the portion of the 2017 Term Loan Facility held by them.