Ideagen Plc, a provider of compliance software for regulated industries, has acquired MailManager Limited for 26.4 million euros.

MailManager is a London-based email management provider that assists businesses manage emails efficiently and improve control, collaboration and compliance. The firm delivers its software to integrate into a clients’ IT infrastructure and works to file and search critical correspondence.

The deal is intended to expand Ideagen’s footprint into the U.K. The purchase follows its 103.5 million euro fund for acquisition and growth.

“What a great way to start the new year by giving a very warm welcome to everyone at MailManager,” added Ben Dorks, CEO of Ideagen. “It has a resilient business model, a quality customer base, a strong team and outstanding technology…MailManager joins our growing suite of leading collaboration software, enhances our ARR base and has a strong presence in key end markets where we expect to be able to drive group-wide growth.”