Dayforce (DAY) shares surged 25% during early trading Monday as the private equity firm Thoma Bravo is reportedly in talks to acquire the human resources management software company.

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

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