Following a pair of unsolicited offers in the last few months, Workgroup Technology Corp. has hired Covington Associates for advice. But it’s not an auction and Workgroup may remain independent, said the software company’s lead banker. Eric Shealy, a partner at Boston-based Covington, said Workgroup hired his firm to review bids from Rocket Software Inc. and SofTECH Inc. Workgroup, based in Lexington, Mass., makes product development software. Clients include Whirlpool Corp., Honeywell International Inc. and Goodrich Corp.
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