Standard Life and IT specialist Mastek are tipped as front-runners to acquire Focus Solutions following news the financial software firm is in takeover talks.
Focus, whose clients include Prudential, St James’s Place and Openwork, said last week it is holding preliminary takeover talks. It said: “The board notes the recent movement in its share price and confirms it is in preliminary discussions which may or may not lead to an offer being made for the entire issued share capital of the company.
“Discussions are at an early stage and there can be no certainty that an offer will be made.”
Standard is thought to be a likely bidder as Focus would provide the technology to integrate with a point-of-sale system for Standard advisers. It bought support services firm Threesixty in March. A Standard spokeswoman says: “We do not comment on market speculation.”
A Focus spokeswoman says: “We have no further information other than what was included in our statement.”
Mastek denies it is in acquisition talks with Focus.