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Five major technology companies tipped as bidders for Marlborough Stirling

Five big technology groups are believed to have put in bids for The Exchange parent firm Marlborough Stirling.

Software house CSC and outsourcing firm Capita Group are both believed to have entered the fray, with US-based Unisys also mentioned as a bidder, according to American media reports.

One industry expert says the entry of Unisys into the UK market could have triggered a bid from IBM for Marlborough Stirl-ing in a move to block the entry of another global operator into the UK market. Logica CMG is also believed to be interested.

The deadline for bids is believed to have closed two weeks ago.

The news comes as Marlborough Stirling announces the consolidation of an existing mortgage processing services relationship with Unisys through its work with Bradford & Bingley.

Marlborough Stirling was put up for sale in December 2004 after chairman Paul Fallagar quit and the shares were suspended. Marlborough Stirling PR manager Charlie Musson says he cannot comment on the bids but said the company is in negotiations with a number of third parties.

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