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
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Sectors
Technology
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Email
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Phone
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series B
Jun 27, 2000
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Investors
Egan-Managed Capital
& 6 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
TELEO Capital
(Feb 28, 2025)
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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.
People of SOFTRAX
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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.
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.
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Family office investing in early-stage startups
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Angel investments are facilitated by a US-based investor group.
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Investor details for SOFTRAX
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Investments & Acquisitions by SOFTRAX
SOFTRAX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BluLogix.
Investment portfolio details for SOFTRAX
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- Transaction dates
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Cloud-based telecom billing software is provided for revenue management.
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Complete acquisition details for SOFTRAX
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Financial Statements - SOFTRAX
Detailed financials for SOFTRAX
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Softrax Comparisons
Peer comparison for SOFTRAX
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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.
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AI-based accounting processes are automated for businesses.
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Enterprise legal processes are managed via an AI-powered platform.
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SMS-based customer authentication and verification services are provided across platforms.
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Cloud-based transaction management and reconciliation solutions are offered for businesses.
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Asset accounting, tax, and budgeting solutions are offered to businesses.
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Cloud-based ERP software is provided for accounting and inventory management.
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Detailed competitors of SOFTRAX
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Latest news on Softrax
Complete news archive for SOFTRAX
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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.
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.