Thoma Bravo LLC is purchasing Riskonnect Inc., a risk management technology provider for small and large businesses, for an undisclosed amount. The private equity firm’s investment is intended to help broaden the target’s product portfolio and software services.

Founded in 2007, Kennesaw, Georgia-based Riskonnect offers technology that provides auditing, incident management, insurance, and regulatory insight into the operational risks of a company to more than 250 clients. The target’s risk management software integrates with a variety of businesses across multiple industries. Riskonnect’s three co-founders will retain a minority stake in the business.

Private equity firms have been increasingly showing interest in enterprise software businesses because of consistent subscription revenue streams. Earlier in 2017, Thoma Bravo took a minority stake in cybersecurity company McAfee and bought the enterprise software division from Lexmark International.

Thoma Bravo focuses on software and technology-enabled services, managing funds with more than $17 billion in capital. The San Francisco-based PE firm has made more than 140 acquisitions in the software and technology space since 2003.

Thoma Bravo continues to bet large on the software services industry, as companies are looking to migrate to the cloud and tech companies have steadily grown attractive to dealmakers. In September 2016, Thoma Bravo closed a new tech fund with nearly $7.6 billion to focus on more opportunities in the sector. The firm recently bought parking management provider T2 Systems using capital from the $1 billion Discover Fund that closed in early 2016; acquired secure access software provider Bomgar; purchased Elemica, a software maker for supply chain operating networks; and completed its acquisition of Qlik Technologies Inc. Thoma Bravo won Mergers & Acquisitions’ 2014 M&A Mid-Market Award for Deal of the Year for the firm’s purchase of TravelClick.