Ann: Business update, page-98

Meanwhile, one of the US-based private equity suitors interested in Boston-based software-as-a-service provider Bigtincan has a game plan of buying the business and relisting it in the US, according to some sources in the market.Various suitors are eyeing Bigtincan, which has Morgan Stanley offering assistance.Interest in the global software company, which provides a leading artificial intelligence-powered sales enablement automation platform, comes after US capital has targeted other technology companies in Australia – including Elmo Software, which sold to Los Angeles-based investor K1 for $486m.One option for a buyer of Bigtincan is putting the business together with other entities and floating it as a larger company.Currently, its market value is $185m.The most obvious buyer is its major shareholder SQN, which launched a buyout in December at $442m and holds 12.3 per cent of the stock, the largest holder behind Regal Funds.