Software Provider Medallia Is Said to Explore Potential Sale (1)

Customer survey software provider Medallia Inc. is exploring options including a potential sale, according to people familiar with the matter.

The San Francisco-based company is working with a financial adviser, said the people, who asked to not be identified because the matter isn’t public. Private equity firms have expressed interest in buying the company, the people added.

No final decision has been made and Medallia could opt to remain independent. A representative for the company declined to comment.

Medallia shares climbed as much as 13% in New York after a temporary halt to trading, valuing Medallia at about $5 billion. ...