Hellman & Friedman LLC is exploring the sale of OpenLink Financial LLC, a U.S. software provider to the commodity, energy and financial services sectors that could be valued at over $1 billion, including debt, people familiar with the matter said.

Hellman & Friedman, a private equity firm, bought OpenLink from Carlyle Group LP in 2011 for an undisclosed sum. It is working with investment bank Centerview Partners on exploring a sale of OpenLink, the sources said.

Hellman & Friedman and OpenLink did not respond to requests for comment. Centerview declined to comment. The sources asked not to be identified because the deliberations are confidential.

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