Swiss technology company SoftwareOne Holding is exploring a potential merger with smaller Norwegian rival Crayon Group Holding, Bloomberg News reported Friday, citing people familiar with the matter.
Apax Partners, the lead bidder for SoftwareOne, is discussing various structures with the company's major shareholders to privatize both SoftwareOne and Crayon and combine their businesses, according to the report.
SoftwareOne, Crayon and Apax did not immediately respond to requests for comment from Reuters.
Last month, SoftwareOne said discussions with potential buyers were progressing after the company reported slowing revenue growth and lowered its full-year outlook.
Reuters reported in July, citing two sources, that Apax Partners, Bain Capital and CVC were all studying potential bids for the Swiss tech company.
SoftwareOne's board was ousted in April after rejecting a 2.9 billion Swiss franc ($3.27 billion) takeover offer from Bain.
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