HashiCorp Inc. (Nasdaq: HCP), a provider of software that helps companies operate in the cloud, has reportedly been considering options including a sale. 

The San Francisco-based company has been working with a financial adviser in recent months to gauge interest from potential buyers, Bloomberg News reported late last week. HashiCorp has already held exploratory talks with other industry players, according to Bloomberg. The company currently has a market value of about $5.7 billion.

HashiCorp’s software helps companies in a range of industries set up their digital infrastructure in the cloud, which can lower costs and speed up the time it takes them to bring products to market. The company could appeal to acquirers like Cisco Systems Inc. (Nasdaq: CSCO), Oracle Corp. (NYSE: ORCL) or International Business Machines Corp. (NYSE: IBM), analysts at Oppenheimer Holdings Inc. (NYSE: OPY) said in a research note.