-76%

est. 2Y upside i

Cybersecurity

Rank

#3854

Sector

Cybersecurity

Est. Liquidity

~0Y

Data Quality

Data: Medium

Wandera was acquired by Jamf (NASDAQ: JAMF) for $400 million in July 2021.

Last updated: March 10, 2026

Bull (15%)+50%

Had Wandera remained an independent entity and continued its strong growth in the Zero Trust Network Access (ZTNA) and Mobile Threat Defense (MTD) markets, a larger strategic acquirer or an IPO could have valued it at $600M+ (50% upside), driven by expanding market share and a robust threat intelligence engine.

Base (70%)0%

Wandera was acquired by Jamf for $400 million in July 2021, aligning with its strategic value in mobile security and zero-trust access. This outcome provided liquidity at the stated valuation, meaning a job seeker joining at that valuation would have seen a 0% upside from the acquisition price.

Bear (15%)-30%

In a less favorable market or if the Jamf acquisition had fallen through, Wandera could have faced increased competitive pressure from incumbents like Zscaler and Palo Alto Networks, leading to a lower acquisition valuation of $280M (-30% downside) or a challenging path to independent liquidity.

Est. time to liquidity~0.0 years

Preference Stack Risk

moderate

Funding Intensity

13%

Investors held $54M in liquidation preferences. In the $400M acquisition, common shareholders would have received returns after these preferences were satisfied.

Dilution Risk

low

As Wandera was acquired, future dilution risk for its standalone equity is no longer relevant.

Secondary Liquidity

none

Wandera's equity was converted into Jamf shares or cash upon acquisition, eliminating the need for secondary markets.

Other — 1 role

View all 1 open roles at Wandera →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Wandera's data — designed to show you've done your homework.

  • 1

    “How has Wandera's product roadmap and integration with Jamf's platform evolved since the acquisition, particularly in addressing the broader zero-trust market beyond Apple devices?”

  • 2

    “Given Jamf's public status and recent financial results (e.g., Q2 2025 revenue growth of 15% and Security ARR growth of 40%), how does the company balance continued innovation in mobile security with the financial expectations of a public company?”

  • 3

    “What is the typical equity grant structure for new hires in the security division, and what are the vesting schedules and performance metrics tied to Jamf's RSU or option grants?”

Community

Valuation Sentiment

Our model estimates -76% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.