Citrix Parent Is Said to Weigh Sale of ShareFile Platform Arm

The parent of Citrix Systems Inc.is exploring a sale of content-collaboration platform ShareFile, according to people with knowledge of the matter, as the software maker starts to streamline under its private equity owners.

Cloud Software Group Inc., formed by the combination of Citrix and Tibco Software, is working with a financial adviser to gauge buyer interest in ShareFile, which could be valued at about $1.5 billion, said the people, who asked to not be identified because the details aren’t public.

ShareFile, which makes document-sharing and sync software that integrates with applications such as Microsoft Outlook, is ...