TELEO CAPITAL ANNOUNCES ACQUISITION OF SOFTRAX

BOISE, Idaho, Feb. 27, 2025 /PRNewswire/ -- TELEO Capital Management, LLC ("TELEO") announced the acquisition of SOFTRAX, an industry leader in revenue management software solutions, from TELUS Corporation ("TELUS").

TELEO's strategic investment will strengthen SOFTRAX's foundation and equip it with the tools and resources to grow faster and smarter. This acquisition marks a significant step toward accelerating SOFTRAX's growth and innovation while delivering exceptional customer value.

"We are thrilled to partner with SOFTRAX and support its mission to deliver best-in-class revenue management software," said Matt Scholl, Operating Partner at TELEO Capital. "Our expertise scaling software businesses, combined with SOFTRAX's award-winning product and commitment to customer success, creates an incredible opportunity to drive innovation and expand capabilities and services."

Tom Zauli, CEO of SOFTRAX, expressed similar enthusiasm: "This partnership with TELEO is a game-changer for SOFTRAX, as we share a commitment to continuous improvement to support our customers' goals. With TELEO's operational and investment experience in software, we are better equipped to innovate, expand, and serve our customers."

Key Benefits of the Partnership

The collaboration between TELEO and SOFTRAX will enable the following advancements:

• Accelerated Product Innovation: Increasing investments into the SOFTRAX RMS platform will deliver cutting-edge features, greater flexibility, and seamless revenue management capabilities.
• Smarter Services with AI: Integrating powerful analytics into SOFTRAX services will make them even more valuable to their customers' businesses.
• Expanded Growth Opportunities: By pursuing both organic and strategic growth initiatives, SOFTRAX will broaden its reach and bring even more innovative solutions to market.

Commitment to Customers

For SOFTRAX's customers, this partnership underscores a continued commitment to excellence:

• Maintaining or exceeding the current high level of service and support
• Advancing solutions with new innovations and enhanced capabilities
• Developing products and services that adapt to customers' evolving needs

"Our customers remain at the heart of everything we do," added Tom Zauli. "With this partnership, we are increasing our dedication to delivering exceptional value, cutting-edge technology, and unparalleled customer support. It's business as usual—but with even greater opportunities on the horizon."

About TELEO Capital Management

TELEO Capital is a private equity firm that looks to invest in opportunities where its strategic thought, operational resources, and capital base empower management to perform and execute its business plan. TELEO brings a successful track record of executing corporate carve-outs, recapitalizing broken balance sheets, acquiring founder-owned companies, and implementing buy-and-build strategies for its portfolio companies. TELEO targets opportunities in the technology & software, healthcare IT, business services, and industrial sectors. The firm is headquartered in Boise, ID, and has an additional Los Angeles, CA office.

About SOFTRAX

SOFTRAX is a provider of an industry-leading revenue lifecycle management platform that transforms the top and bottom lines. The SOFTRAX Revenue Management System is the only solution that combines order management, best-in-class billing, contract renewal management, and support for the complex ASC 606 and IFRS 15 revenue recognition standards in a single, multi-tenant cloud platform. Visit us to learn more: https://www.softrax.com/.

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SOURCE TELEO Capital Management, LLC