sumo logic inc shares jumped 13 to 1376 in afterhours trading wednesday following a report in the wall street journal that its nearing a deal to be sold the journal reported that the dataanalytics software provider is nearing a deal to be sold to privateequity firm francisco partners for 17 billion citing people familiar with the matter the report said the deal could be unveiled as soon as thursday assuming the talks dont hit any lastminute snags francisco partners which specializes in technology investing is known for complex carveout transactions like the purchase of international business machines corps healthcaredata and analytics assets the journal reported shares which closed up 09 to 1218 are up 07 over the last 12 months