New Delhi, Nov. 18 -- Global private equity majors EQT Partners, PAG, Blackstone and CVC are among suitors in talks to acquire a controlling stake in software services firm ValueLabs from the promoters, according to three people with information on the deal.

A potential deal will value the Hyderabad-based company at around $1 billion underscoring the growing trend among large risk investors seeing enterprise tech as a high growth, yet stable sector.

"Currently, due diligence is on," one of the persons with direct knowledge of the development said adding that the first round of bids are likely by end of November.

Global PE firms are betting big on mid-sized information technology and enterprise technology services providers coming out o...