Sept 13 (Reuters) - Private equity firm Insight Partners

is exploring a sale of Tricentis, in a deal that it is hoping

could value the software provider for developer applications at

more than $4 billion, according to four people familiar with the

matter.

Insight is working with investment bank Evercore ( EVR ) to

solicit interest from potential buyers, which include other

private equity firms, the sources said.

Insight Partners may decide to retain a minority stake in

the company, one of the sources said.

The sources cautioned that no sale was guaranteed and spoke

on condition of anonymity to discuss confidential information.

Insight, Tricentis and Evercore ( EVR ) did not respond to

requests for comment.

Tricentis, based in Austin, Texas, provides software that

helps enterprise development teams fully automate the software

testing process, using artificial intelligence.

The company said it has more than 2,500 customers, including

Accenture, Coca-Cola and Nationwide Insurance.

Tricentis generates $430 million in revenue, which it

expects to increase by 24% in 2025, according to one of the

sources. The business produces nearly $86 million in earnings

before interest, taxes, depreciation, and amortization, the

source said.

Tricentis was founded in Vienna, Austria in 2007. Insight

Partners invested in the company in 2017, leading their $165

million financing round.

(Reporting by Milana Vinn in New York; Editing by Lincoln

Feast.)