Software and services business IDOX has acquired UK-based Interactive Dialogues and Interactive Dialogues NV in a deal worth €2.2 million (£1.9. million).

Software and services business IDOX has acquired UK-based Interactive Dialogues and Interactive Dialogues NV in a deal worth €2.2 million (£1.9. million).

Interactive Dialogues provides e-learning and information services for legislative compliance in areas such as Competition Law and the UK Bribery Act.

From its headquarters in Surrey, the business provides services to companies such as E.ON AG, Hays, PricewaterhouseCoopers and Xstrata.

Richard Kellet-Clarke, chief executive officer of IDOX, says that the newly acquired company provides a ‘compelling mix’ of content and software that fits well with IDOX’s core information solutions strategy.

He adds: ‘Integrating Interactive Dialogues into our information solutions business enables us to leverage our core skills.

‘This will accelerate growth in the Interactive Dialogues business as well as developing online learning propositions across our existing customer base in both the public and private sectors.’

Under the terms of the deal an initial payment of €2 million is payable on completion with an additional €200,000 due one year after completion subject to the fulfillment of certain performance conditions.

According to a statement, Interactive Dialogues had revenues of €2.4 million for the year to date 31 May 2011.

The purchase is the first acquisition made by IDOX since its February deal for licensing management software business LalPac, in a transaction worth up to £2.6 million.

IDOX’s 2011 M&A activity deals follows on from a busy 2010 for the company when it completed four acquisitions worth £11.2 million.