PagerDuty, a U. S. software company based in San Francisco, is thinking about selling the business after some potential buyers have shown interest, according to people who know about the situation. The company is known for providing tools that help manage IT systems and respond to issues quickly. They are working with an investment bank called Qatalyst Partners to look into different options for the company's future.
There have been inquiries from both private equity groups and other technology companies.
Even though the process is still in the early stages, the news caused the price of PagerDuty's shares to rise by more than 10%, making its total value about $1. 5 billion.
Even though a sale isn't certain, this is the second time in recent months that PagerDuty has considered selling.
Their last attempt in late 2023 didn't result in a deal. Some of their well-known customers include Cisco, Shopify, Zoom, Fox Corp, and the NYSE.
Related News