Lawson confirmed the offer from Infor and its parent, private equity firm Golden Gate Capital, late Friday. A deal had been rumored all week. The offer price is slightly below the $11.55 per share Lawson's stock closed at on Friday.

Lawson did not provide the overall value of the deal. The $1.84 billion figure was derived from the total number of shares outstanding the company reported in its most recent quarterly earnings statement in January.

Infor, along with Lawson, is one of the industry's largest remaining ERP vendors after SAP, Oracle and Microsoft. Lawson reported $736.4 million in revenues during its fiscal 2010 and had a market capitalization of $1.89 billion on Friday.

Lawson has retained Barclay's Capital as an advisor on the potential deal, and "has not made any determination to sell the company or engage in any other strategic transaction," according to a statement.

It will not comment further on the possible acquisition until an agreement is finalized, talks are ended or Lawson's board completes a review of the offer, the statement adds.