Another company is following the footsteps of Cetera Financial Group and emerging independent from the bankruptcy of RCS Capital.

Los Angeles-based Docupace Technologies, a digital compliance and cybersecurity provider, announced on Wednesday that it has reached an agreement with RCAP to repurchase a majority stake in itself and continue as a privately owned corporation.

RCAP invested in Docupace as a majority shareholder in September 2014; following the investment, Docupace expanded its fintech offerings but still operated as an independent business unit under the leadership of its founder and CEO, Michael Pinsker.

“It’s an exciting new chapter for Docupace as we prepare to reorient to an independent position,” said Pinsker, in a released statement. “Our strategic direction toward private ownership will allow us flexibility in a quickly changing marketplace and enable us to innovate as we work to transform the financial services industry.”

Following the repurchase, Docupace’s existing management team will continue to lead day-to-day operations, and the company expects no changes in its staff, operations, processes or client relationships.

The repurchase is expected to close in May.

Earlier this year, RCAP, the holding company for much of Nicholas Schorsch’s financial enterprises, filed for Chapter 11 restructuring. Cetera, a broker-dealer network, is expected to emerge as an independent entity as part of the restructuring agreement.