Part of a global cyber security group has been valued at around £240m as a sell-off is tipped as "the most likely result" of its strategic review.
Manchester-headquartered NCC Group is undergoing a review into its operations after recently revealing plans to cut jobs.
The listed group said it has "experienced a lengthening of the sales cycle, which is leading to delays in buying decisions, work commencement and therefore revenue recognition, particularly in North America and the UK".