About SOFTRAX
SOFTRAX is a company based in Boise (United States) founded in 1999 was acquired by TELEO Capital in February 2025. It operates as a SaaS (Software-as-a-Service) and Subscription Services. SOFTRAX has raised $10 million across 1 funding round from investors including Egan-Managed Capital, KVNY SOHO and Walnut Ventures. SOFTRAX has completed 1 acquisition, including BluLogix. SOFTRAX offers products and services including SOFTRAX Revenue Management System (RMS), Subscription Billing, Consumption Billing, Milestone Billing, and Revenue Recognition. SOFTRAX operates in a competitive market with competitors including BlackLine, Wolters Kluwer, Digits, Recko and PowerPlan, among others.
- Headquarter Boise, United States
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website softrax.com
- Social LinkedIn X Facebook YouTube
- Acquired by TELEO Capital (Feb 2025)
- Total Equity Funding$10M (USD)
in 1 rounds
- Latest Funding Round$10M (USD), Series B
Jun 2000
- InvestorsEgan-Managed Capital
& 6 more
- Investments & Acquisitions
- Acquired byTELEO Capital
(Feb 2025)
Products & Services of SOFTRAX
SOFTRAX offers a comprehensive portfolio of products and services, including SOFTRAX Revenue Management System (RMS), Subscription Billing, Consumption Billing, Milestone Billing, and Revenue Recognition.
Revenue management is automated for billing and recognition.
Subscription billing complexities are managed and automated efficiently.
Usage-based billing is supported with sophisticated measurement tools.
Milestone billing processes are automated for complex schedules.
Revenue recognition is automated for compliance with standards.
Apps and channels of SOFTRAX
its YouTube channel SOFTRAX Revenue Management Software has 67 subscribers and 30 videos.
Videos from SOFTRAX
The most watched videos on SOFTRAX's YouTube channel, SOFTRAX Revenue Management Software (67 subscribers). Click a video to play it here.
More on SOFTRAX Revenue Management Software.
Funding Insights of SOFTRAX
SOFTRAX has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series B round of $10 million completed in June 2000. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 1
- Last Round Series B — $10M
- First Round $10M
(Jun 2000)
- Investors Count 6
All 1 funding rounds of SOFTRAX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2000 | $10M | Series B | – | – |
7 investors in total: 7 institutional.
Investors in SOFTRAX
SOFTRAX has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Egan-Managed Capital, KVNY SOHO and Walnut Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Family office investing in early-stage startups | – | egancapital.com | Boston, United States | |
Angel investments are facilitated by a US-based investor group. | – | walnutventures.com | Wellesley, United States | |
- | – | allegrapartners.com | - | |
- | – | mavf.com | - | |
TELEO Capital is engaged in private equity investments. | – | teleocapital.com | Boise, United States | |
Offers real estate brokerage services for commercial and residential properties. | 2000 | kvnysoho.com | New York, United States | |
- | – | citizenslease.com | - |
Investor details for SOFTRAX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of SOFTRAX
14 people are tracked at SOFTRAX (5 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Matt Scholl | CEO | Leadership |
Michelle Lansford | Channel Partnership Director | Leadership |
Graham Hulme | Chief Operating Officer | Leadership |
Scott Burdick | Director Of Professional Services And Customer Success | Leadership |
David Milligan | Director, Product Strategy | Leadership |
Tom Zauli | Consulting Advisor At Softrax | Team |
Brendan Thomas | Sales Executive | Team |
Chris Ray | Implementation Solutions Engineer | Team |
Roseann Sable | Senior Tech Support Analyst/tech Support | Team |
Steven Mitchell | Software Implementation Solution Architect | Team |
Bill Sebastian | Strategic Alliances | Team |
George Hrubec | Sr Project Manager | Team |
Julie Chartrand | Content Expert | Team |
Steven Donnelly | Account Executive | Team |
Complete people profiles for SOFTRAX
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by SOFTRAX
SOFTRAX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BluLogix.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based telecom billing software is provided for revenue management. | blulogix.com | Great Falls, United States | 2002 | Oct 2025 | •••• |
Complete acquisition details for SOFTRAX
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of SOFTRAX
4 dated milestones of SOFTRAX across 26 years, from founding to its latest funding, stage changes and deals.
- Founded SOFTRAX is founded.
- Funding First funding round of $10.0M.
- Exit Acquired by TELEO Capital.
- Acquisition Acquires BluLogix.
Competitors of SOFTRAX
SOFTRAX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BlackLine, Wolters Kluwer, Digits, Recko and PowerPlan, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blackline.com | 2001 | Los Angeles, United States | $200M | 1,042 | AI-based accounting processes are automated for businesses. | |
| wolterskluwer.com | 1836 | United States | – | 16 | Enterprise legal processes are managed via an AI-powered platform. | |
| digits.com | 1995 | San Francisco, United States | $97.5M | 26 | SMS-based customer authentication and verification services are provided across platforms. | |
| recko.io | 2018 | Dover, United States | $7M | 710 | Cloud-based transaction management and reconciliation solutions are offered for businesses. | |
| powerplan.com | 1994 | Atlanta, United States | $110.1M | 280 | Asset accounting, tax, and budgeting solutions are offered to businesses. | |
| tallysolutions.com | 1986 | Bengaluru, India | – | 1,047 | Cloud-based ERP software is provided for accounting and inventory management. | |
| accountsiq.com | 2004 | Dublin, Ireland | $87.62M | – | Cloud-native group accounting platform with automation intelligence is utilized. | |
| bqe.com | 1995 | Torrance, United States | – | 98 | E-billing platform is used for time tracking and automated invoicing. | |
| myndsolution.com | 2002 | Gurugram, India | $23.8M | 2,771 | Provider of integrated back-office solutions across finance, accounting, HR, compliance, and staffing | |
| bluecopa.com | 2021 | Hyderabad, India | $4.1M | 43 | AI-powered analytics solutions are offered for finance processes. |
Detailed competitors of SOFTRAX
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of SOFTRAX
The website of SOFTRAX (softrax.com) receives about 6.7K visits a month.
- Monthly visits6.7K
▼ 24.1% vs previous month
Websites whose visitors overlap most with SOFTRAX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
worldclassaps.com | worldclassaps.com | 100% | – | – | – |
tscsoftware.com | tscsoftware.com | 100% | – | – | – |
openmfg.com | openmfg.com | 100% | – | – | – |
| seradex.com | 100% | 680.7K | – | View details | |
| acerosolutions.com | 100% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for SOFTRAX
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 22 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Softrax
Complete news archive for SOFTRAX
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to SOFTRAX
10 companies that operate in the same segment as SOFTRAX (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about SOFTRAX
SOFTRAX was founded in 1999 and raised its 1st funding round 1 year after it was founded.
SOFTRAX is headquartered in Boise, United States. It is registered at Boise, Idaho, United States.
Matt Scholl is the current CEO of SOFTRAX.
SOFTRAX is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series B of $10M, raised on Jun 2000.
Revenue management processes are automated by SOFTRAX through its Revenue Management System (RMS), a multi-tenant cloud platform. Complex billing models including subscription, consumption, milestone, and one-time billing are supported. Revenue recognition compliant with ASC 606 and IFRS 15 standards is facilitated. Contract renewal management and analytics for real-time revenue data are offered. Industries such as technology, media, IoT, healthcare, and professional services are served. Integration with ERP, CRM, and CPQ systems is provided without customizations. Automation of financial processes is emphasized to reduce errors and enhance efficiency for companies ranging from startups to large enterprises.
SOFTRAX offers SOFTRAX Revenue Management System (RMS), Subscription Billing, Consumption Billing, Milestone Billing, and Revenue Recognition.
SOFTRAX has made 1 acquisition, including BluLogix.
SOFTRAX has 7 investors. Key investors include Egan-Managed Capital, KVNY SOHO, Walnut Ventures, Citizens Capital, and Allegra Partners.
Yes. SOFTRAX was acquired by TELEO Capital in February 2025.