FILE PHOTO: Members of New Relic Inc's management team ring the opening bell at the New York Stock Exchange to celebrate the company's IPO December 12, 2014. REUTERS/Brendan McDermid/File Photo
(Reuters) - New Relic Inc, the U.S. business software company targeted by activist hedge fund Jana Partners, is preparing to explore a potential sale following interest from private equity firms, sources familiar with the matter told Reuters.
New Relic is in talks to hire financial advisers to explore options that would include a sale, the sources said, cautioning that no deal is certain. The sources requested anonymity because the matter is confidential.
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