Reuters: Technology News: Exclusive: Advent Software hires Qatalyst to explore sale- sources

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Exclusive: Advent Software hires Qatalyst to explore sale- sources Mar 12th 2013, 18:52 NEW YORK | Tue Mar 12, 2013 2:52pm EDT NEW YORK (Reuters) - Advent Software Inc (ADVS.O), an accounting software company, is exploring a sale and has hired Frank Quattrone's investment bank Qatalyst Partners to lead the effort, several people familiar with the matter said on Tuesday. Advent, which has a market value of $1.3 billion, has attracted interest mostly from private equity firms and the process is currently in the second round of bidding, the people said. There is a substantial price gap between the company and some of the potential buyers and it remains unclear whether the auction will lead to a deal, the people cautioned, asking not to be named because the process is not public. Representatives for Advent Software and Qatalyst Partners did not immediately respond to requests for comment. (Reporting By Nadia Damouni and Greg Roumeliotis in New York, Editing by Soyoung Kim and Gerald E. McCormick)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions