GI Partners announced its second deal since it raised its fifth fund in 2017. The private equity firm acquired a majority stake in financial services technology company Doxim from Strattam Capital. The target’s management team is keeping a stake in the company.

Doxim, based in Markham, Ontario, provides digital services for banks, credit unions and wealth management firms. The company helps financial institutions with online services, such as accounting and customer service. Doxim’s clients have included McLean & Partners, TCU Financial Group and InFirst Federal Credit Union.

“Doxim’s leadership in customer engagement solutions, its sizable market opportunity, and the company’s intense focus on its clients’ success all combine to create a unique opportunity,” says GI Partners managing director Travis Pearson. GI Partners is a San Francisco-based PE firm that focuses on the IT, healthcare, software and services sectors. The firm is in the midst of buying data center facility 492 River Road.

In other fintech related deals: Blackstone Group LP (NYSE: BX) agreed to buy a majority stake in Thomson Reuters Corp.’s (NYSE: TRI) financial and risk unit; TA Associates acquired ITRS from the Carlyle Group LP (Nasdaq: CG); and ION Investment Group is acquiring a majority stake in analytics provider Dealogic.

Shea & Co. and Wilson Sonsini Goodrich & Rosati advised Strattam. Kirkland & Ellis represented GI Partners. Financial terms of the deal were not disclosed.