The Cambridge, Massachusetts, company slashed its staff by roughly two-thirds earlier this year, saying at the time that it hoped to continue operating and find new investors.

But it has now executed another round of layoffs in order to reduce costs while shopping its technology, said Samantha Stone, formerly vice president of marketing at Dataupia. Stone lost her job in the most recent layoffs, she said.

"I'm disappointed but it's the right thing to do for the company," Stone said of the plans to sell.

A "small team" remains in place to support customers and work on acquisition plans, she added. Stone declined to say what the company's asking price is, and referred further questions to Dataupia Chief Financial Officer Jeffrey Cooper, who could not immediately be reached for comment.

Dataupia is known for its Satori Server appliance, which combines servers, storage and optimization software. The vendor has touted Satori's compatibility with multiple databases, such as Oracle and Microsoft SQL Server.