Analysts say a buyout would provide Dayforce some relief from its debt load and help the company accelerate AI development and expand internationally.

HR software provider Dayforce DAY-T said on Thursday buyout firm Thoma Bravo will take it private in a $12.3 billion deal, including debt.

The offer represents a premium of 32.4% based on the stock’s closing price on August 15, when news of the deal talks was first reported.

Under the terms of the deal, Dayforce shareholders will receive $70 per share in cash, representing an equity value of $11.18 billion, according to Reuters calculations.

The software sector has emerged as an investment target due to resilient subscription services and recurring revenue in an economy weighed down by a deteriorating labour market, trade tariffs and

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