Epic Software Australia has been approached by CSL and Esso Australia for a $3.5 billion acquisition of Epic Software, according to a report.
The deal would see the Australian firm take over the company that is currently owned by Australian firm CSL.
The company said in a statement to the Australian Financial Press that it has made “constructive offers” to acquire Epic and will announce the deal in the coming days.
CSL, which was founded in 1991 and is based in London, is an engineering company that develops software for a variety of industries including telecommunications and transportation.
The acquisition is valued at $2.3 billion, according the Financial Times.
The bid for the software developer comes after CSL announced in July that it was considering an acquisition of the Melbourne-based software developer, which has about 1,000 employees.
The new acquisition will bring Epic Software’s total workforce to about 1.5 million people.
CELUS software developer Peter Ritchie is CEO of Epic, which is based out of the UK.
The firm also employs about 20,000 people in Australia.
It is currently headquartered in Australia and has offices in Melbourne and Sydney.
The announcement that CSL was interested in acquiring Epic came as CSL reported a loss of $2 million in the third quarter of 2017.
It has also announced it was planning to sell its Melbourne office to another company for $5 million.
It said in the statement to Reuters that it is “currently assessing the timing of the acquisition”.
CELS software developer Matt Wilson said in July the acquisition would be “huge” for CSL because of its focus on software development.
“We are the company with the biggest software development team in Australia, so it’s a massive deal for CELSI,” he said.
Epic Software has previously said it is looking for a new home for its Australian operations.
“I don’t think we’re a long-term investor,” Mr Wilson said.
CELS software developer Joe Ritchie said in June that CELSA software developer Andrew Wilson and Epic Software were looking to buy the Australian software development company.
Mr Wilson told the Australian Business Spectator at the time that Epic Software was “a good fit” for the Australian company because it has a “big footprint” and had “a large software developer community”.
The company has a history of acquisition, having bought and rebranded several other Australian software companies including Epic, Pidgin, Webkit, and SSC.
Cels software developer Mark Latham said he was happy with the CELSO software developer acquisition.
“It’s not a huge deal for me personally, it’s not going to change the future of the company,” he told the Business Spectators.
Celus Software’s Australian operations have also been the subject of a number of lawsuits over its management of software, including one relating to a software development programme called Project Datalink.
The suit alleges the company failed to adequately manage and track its software development and that it misled investors about the project.