Thoma Bravo is in advanced talks to acquire Dayforce, a Minneapolis-based human resources software company, in a deal valued between $11.2 billion and $12.3 billion. The private equity firm has offered $70 per share in cash to take Dayforce private. Dayforce provides AI-powered recruitment, payroll, and employee development solutions. The acquisition, which could be one of Thoma Bravo's largest deals, is expected to close soon, although some risks remain. The announcement has led to a notable increase in Dayforce's stock price, with shares rising more than 26% during pre-market trading. The buyout reflects Thoma Bravo's strategy to expand its software portfolio amid an uncertain economic environment.