- Customer and employee experience management software company Medallia (NYSE:MDLA) is exploring a potential sale, according to Bloomberg sources.
- The company is reportedly working with a financial adviser to explore its options and has attracted interest from PE firms. Discussions are in the early stages. Details could still change or a deal could fail to materialize.
- The news triggered a short volatility halt. Medallia shares are now up 15%. Rival Qualtrics (NASDAQ:XM) is up 2.7%.
- If the Medallia sale happens, it would follow the recent $5.3B acquisition of Cloudera by Clayton, Dubilier & Rice and KKR, and the $12.3B sale of Proofpoint to Thoma Bravo.