-- (Updates with the latest stock movement in the fourth paragraph.)
Commvault Systems (CVLT) is exploring a sale after receiving takeover interest from multiple private equity firms and strategic buyers, Reuters reported Friday, citing four people familiar with the matter.
The data protection software provider is working with Goldman Sachs (GS) to weigh its options, the report said, citing the sources.
Commvault didn't immediately reply to a request for comment from.
Shares of the company were up 8.3% in Friday trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: $87.26, Change: $+6.65, Percent Change: +8.25%