Software provider linked to private equity investors.
Insurance software giant SSP is in sales talks with an unidentified financial buyer, it announced this week.
SSP, one of the biggest outfits in the market, has been linked with private equity backers.
In a statement to the Stock Exchange, prompted by a spike in its share price, it said the discussions were at an early stage and would not necessarily result in an offer. A spokesman added that there was no timetable for the completion of the talks.
One source suggested that American company Versata, which recently acquired Clear Technologies, could be a good fit.
The company is looking to buy insurance software businesses across the globe.