Cloud-based data platform Workiva has received interest from private equity firms Thoma Bravo and TPG, Bloomberg News reported Wednesday, citing people familiar with the matter.
Private equity firms have taken several software companies private, including Anaplan and Zendesk Inc, this year.
Thoma Bravo acquired cybersecurity firm SailPoint this year, agreed to buy Ping Identity Holding and expressed interest in UK firm Darktrace Plc and Australian firm Nearmap.
Workiva, which currently has a market value of $3.4 billion, told Reuters it would not comment on market rumors and speculation.
Thoma Bravo and TPG also declined to comment on any potential buyout interest from Workiva.
Shares of the Iowa-based company closed nearly 18% higher on Wednesday. (Reporting by Akash Sriram and Bhanvi Satija Bengaluru; editing by Shailesh Kuber)