One Equity Partners has bought ACI’s Digital Business Banking, a leading API-driven service for the banking industry, from ACI Worldwide, a payments software provider.

The acquired company will operate under a new name – Dragonfly Technologies.

The transaction expands One Equity Partners’ exposure to financial technology and software.

“ACI’s corporate banking solution is highly regarded and used by many top-tier banks globally,” said Chip Schorr, Senior managing director at One Equity Partners. “We see significant opportunity in this market, as banks continue to invest more in digital transformation.”