Private equity firms Permira and TA Associates are among bidders for automotive software company A2Mac1, with an expected valuation at the higher end of a range of $1 billion to $1.5 billion, Private Equity Insights reported quoting people familiar with the matter.

Fellow buyout firms Astorg, Eurazeo and HG are also reportedly interested in the company which is backed by the private equity arm of Rothschild & Co.

Founded in the 1990s, A2Mac1 operates and maintains a proprietary web-based benchmarking database for engineers and designers to benchmark against competitors and improve innovation and cost efficiency.

Read more: Private Equity Wire