According to sources familiar with the matter, private equity firm Thoma Bravo is in negotiations to acquire human resources management software provider Dayforce (DAY.US). The sources indicate that the acquirer plans to take Dayforce private, with the transaction potentially being announced within the coming weeks.

While negotiations have reached an advanced stage, the deal could still face delays or fall through entirely, and the possibility of other competing bidders emerging cannot be ruled out. Over the past 12 months, Dayforce's stock price has declined approximately 5% on the New York Stock Exchange, leaving the company with a market capitalization of around $8.4 billion. The company's shares are also listed and traded on the Toronto Stock Exchange.

In a market environment where private equity firms face capital allocation challenges, Thoma Bravo, led by co-founder Orlando Bravo, has maintained an active acquisition strategy this year. In April, Thoma Bravo agreed to acquire Boeing's flight navigation division and other digital assets for $10.6 billion in cash. In July, the firm reached a $2 billion deal to acquire restaurant software manufacturer Olo Inc. The firm has also held discussions regarding a potential acquisition of Verint Systems Inc.

According to its official website, Dayforce, which was renamed from Ceridian HCM Holding Inc. last year, provides artificial intelligence-powered recruitment, payroll management, and employee career development software. Its client base spans across healthcare, retail, hospitality, and financial services industries.

Data compiled by Bloomberg shows that the company currently carries approximately $1.2 billion in debt, with an enterprise value exceeding $9 billion.