A number of travel technology companies are circling BlueSky Travel Systems, which went into administration last Tuesday.
It is believed that at least three players are interested in acquiring parts of the failed company such as its intellectual property rights and perhaps key technical staff.
A spokesman for administrators MCR confirmed there were a number of interested parties and that no deadline had been set for bids.
Travolution understands that established players such as Traveltek, Comtec and Partners Software could all be in the frame.
BlueSky began trading in 2002 with a handful of employees and rapidly grew to employ more than 100 people, predominantly based in Manchester, before its failure last week.
According to the company website, turnover in 2008 was more than £9 million.
Major customers include Thomas Cook and Mark Warner.