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

Thoma Bravo is in advanced talks to acquire HR software company Dayforce, which recently reported strong earnings and raised its revenue forecast amid a growing market for AI and cloud-based solutions.

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