TELEO Capital completed the acquisition of SOFTRAX from TELUS.

TELEO Capital, a private equity firm, completed the acquisition of SOFTRAX, a provider of a revenue lifecycle management platform, from TELUS, a holding company and conglomerate. Financial terms were not disclosed. "We are thrilled to partner with SOFTRAX and support its mission to deliver best-in-class revenue management software. 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," Matt Scholl, TELEO Capital Operating Partner.