Ramin Sayar, president and chief executive officer at Sumo Logic Inc., at the company’s headquarters in Redwood City, Calif.Sumo Logic Inc., a data-analytics software provider, is nearing a deal to be sold to private-equity firm Francisco Partners for roughly $1.7 billion, according to people familiar with the matter.
The deal could be unveiled as soon as Thursday, the people said, assuming the talks don’t hit a last-minute snag.