Nov 15 (Reuters) - Australia's MSL Solutions Ltd will be acquired by private equity firm Pemba Capital Partners at an equity value of A$119 million ($79.72 million), the software maker said on Tuesday.

The deal comes at a time when the country's corporate sector is seeing an uptick in demand for software companies, with suitors lined up for tech players like Tyro Payments Ltd .

Pemba Capital will pay A$0.295 for each MSL share, implying a premium of 78.8% to the stock's last close on Monday, the company said.

MSL's board has unanimously backed the deal on the condition that it does not receive a higher bid and recommended shareholders to vote in its favor, the company said in a statement. ($1 = 1.4928 Australian dollars) (Reporting by Roushni Nair in Bengaluru; Editing by Lisa Shumaker and Shailesh Kuber)