SoftBank-Backed Icertis Is Said to Consider $5 Billion Sale

Icertis Inc.is considering a sale that may value the SoftBank Group Corp.-backed tech company at as much as $5 billion, according to people familiar with the matter.

The company, which provides AI-powered software for managing business contracts, is working with Goldman Sachs Group Inc. on the possible sale, the people said, asking to not be identified because the information is private. Buyout firms have shown preliminary interest, the people said.

Deliberations are ongoing and no final decision has been made, the people said, adding that the Bellevue, Washington-based company might decide against a sale. Icertis also has a ...