GitLab (NASDAQ:GTLB) is exploring a sale after the San Francisco-based company attracted acquisition interest, Reuters reported, citing people with knowledge of the matter.

The provider of cloud-based software development tools saw its stock jump about 15% premarket on Wednesday.

GitLab, which has investors including Google parent Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), is working with investment bankers on a sale process which has seen interest from peers, including cloud monitoring firm Datadog (DDOG), the report added.

Any deal could be weeks away and no agreement is certain, according to the report.

Google holds about 22.2% voting stake in GitLab, which has a market value of about $8B.

Mergers and acquisitions in the tech sector is heating up, with reports of Alphabet being in advanced talks to buy cybersecurity startup Wiz for about $23B. The U.S. tech giant previously abandoned plans to buy HubSpot.

DDOG -1.35% to $129 premarket July 17