NEW YORK: Japanese information technology company NEC Corp is looking at buying British software firm Civica for 900 million pounds ($1.2 billion) and has hired advisors to work on an offer, Sky News reported.
An auction for Civica, one of the UK´s biggest public sector software providers, began several weeks ago and has drawn initial offers from three private equity firms - London-based BC Partners, Berkshire Partners and the Swiss-based Partners Group , Sky News said, citing an industry source.
A spokesman for NEC said the company is "always considering a wide range of business possibilities, but that nothing has been decided at this time.
