NEW YORK, Aug 16 (Reuters) - Investment firms TA

Associates and Silversmith Capital Partners are exploring

options including the sale of a stake in Appfire, in a deal that

could value the collaboration software maker they own at more

than $2 billion, according to people familiar with the matter.

TA and Silversmith have tapped investment bankers at

JPMorgan Chase ( JPM ) and Lazard ( LAZ ) as they weigh selling

up to a 60% stake in Appfire, the sources said, adding that the

owners could roll over a portion of their stakes as part of a

potential deal.

The sources, who requested anonymity as the discussions are

confidential, said potential buyers of the stake include other

private-equity firms.

Appfire is hoping to command a valuation equivalent to more

than 20 times its earnings before interest, taxes, depreciation

and amortization of roughly $100 million, the sources said. The

company is expected to generate close to $300 million in revenue

for 2024, the sources said, adding it is growing revenues by 30%

annually.

Silversmith, JPMorgan ( JPM ), and Lazard ( LAZ ) declined to comment. TA

Associates and Appfire did not respond to requests for comment.

Burlington, Massachusetts-based Appfire provides workflow

collaboration software to customers, including German shoe and

sports apparel giant Adidas, e-signature company

Docusign ( DOCU ), and NASA.

Its software applications are sold through platforms of

large technology corporations including Microsoft ( MSFT ),

Salesforce ( CRM ), Atlassian ( TEAM ), and monday.com.

Smartsheet ( SMAR ), a U.S. maker of workplace collaboration

software with a market value of $6.6 billion, has tapped

investment bankers after attracting acquisition interest from

buyout firms, Reuters reported in July.

TA picked up a significant stake in Appfire in 2021, a year

after Silversmith made a $49-million investment in the company.