Softrax

Softrax is a privately owned company headquartered in the US. Founded in 1999, it employs approximately 60 people and is a subsidiary of Telus. It reported $6.4M in revenue as of 2023. The company specializes in enterprise and telecoms software, focusing on automating complex billing and revenue recognition processes. Its solutions help businesses manage various billing models, including subscription and usage-based billing, while ensuring compliance with revenue accounting standards such as ASC 606 and IFRS 15.