Another private equity firm has topped the bidding war for acquiring MSC Software Corp. This private firm has offered $367 million, topping the latest offer of $361 million of Symphony’s for MSC.Software Corp.

Symphony Technology Group LLC which is a Palo Alto-based private equity firm started its first bid in July by offering $338 million to buy MSC. Since then, there is an ongoing bidding war between them. The two suitors have made five higher offers since September. According to MSC, Symphony has only five days to raise the price or walk away from the bidding war after the latest offer.

MSC software corp. is known for making simulation softwares which is used to test designs of prototypes for industrial, military and aerospace uses. They are not ready to disclose the names of the private equity firms behind this counter bidding war. The top officials said that they will do so if any of the corporations enters into an acquisition agreement with them. This new bid offer matches a run up since Symphony had made its first offer some months ago. The share of the company closed up about 1% on a market value of $377 million.

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