Sanderson has confirmed it has been approached regarding a possible merger but is keeping the identity of the bidder under wraps.
Analysts believe Sanderson has done well in the second half of this year and expect the reseller to turn in a record performance when it reveals its results for the current financial year in two weeks' time.
A spokesman for the company, who did not wish to be named, last week confirmed that the reseller had received an approach "a little while ago" which could lead to an offer for the company.
The announcement followed an almost 30 per cent rise in Sanderson's share price. The spokesman said the offer was "not substantially above" 220p a share, valuing the company at about £112m.
He did not disclose the identity of the potential bidder, but added that while the approach had not led to an offer, there was a possibility that an announcement will be made soon.
"There may be some news or an update when Sanderson announces its results," he said.
Besides its systems integration and consultancy arms, the Sanderson Group has many divisions operating in specialist markets such as local government, utilities and food processing, some of which publish their own software.
Ian Spence, analyst at Richard Holway, said the group could be split up if acquired because of its diverse interests.
For the first half of 1999 ended 31 March, Sanderson recorded a 38 per cent jump in pre-tax profit to £5.6m on turnover of £54.5m. Turnover for the same period last year was £34.7m.
Sanderson announced big contract wins throughout last year, including a £2m deal with the Metropolitan Police and a £1m contract for its debt arrears system from the Student Loans Company.
The spokesman said Sanderson, which is growing rapidly as a result of organic growth and acquisition, is considering all offers. In September, it announced the $1.25m acquisition of US software house Creative Microsystems.
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