SiliconBeat

SumTotal Systems, the object of competing private equity firm’s affections, said today in a filing that it had received yet another counter offer from Vista Equity, although it did not disclose the price.

Vista originally sought to buy the company in early April for $3.25, an offer that was unsolicited and later bested by a bid from Accel-KKR.

The back and forth bidding most recently had SumTotal accepting an offer from Accel-KKR to buy the company for $4.80 a share, an offer which SumTotal accepted, agreeing to pay Accel-KKR a termination fee of $6.67 million, even if the reason is because the company receives a higher offer, which apparently it has.