Buyout firm Thoma Bravo could announce a deal in the next few weeks to take Dayforce private, Bloomberg reported on Monday, citing sources.

Dayforce stock jumps 30% as Thoma Bravo explores potential acquisition, signaling growth and private market opportunity.

Investopedia has reached out to Dayforce and Thoma Bravo for comment. Even with today’s gains, shares of Dayforce remain down 9% this year.