Softrax

Softrax, a privately owned US-based software company founded in 1999, develops and sells enterprise and telecoms software. Employing approximately 60 people, the company focuses on automating billing and revenue recognition processes for businesses. Their software supports diverse billing models, including subscription and usage-based options, and aims to ensure compliance with accounting standards like ASC 606 and IFRS 15. In 2023, Softrax reported revenues under $10 million. Telus is listed as a parent company.