TELEO Capital-backed SOFTRAX completed the acquisition of BluLogix.

TELEO Capital-backed SOFTRAX, a provider of revenue recognition and revenue lifecycle management solutions, completed the acquisition of BluLogix, a billing solution provider that refines a business’s complex billing operations into a single process. Financial terms were not disclosed. "This strategic partnership highlights the kind of value-creation opportunity we seek," said "By bringing together the strengths of BluLogix and SOFTRAX, we are building a powerhouse in revenue management that offers more comprehensive solutions and accelerates innovation. Our investment will drive the development of advanced, integrated solutions that help customers manage their revenue lifecycles more effectively," Matt Scholl, TELEO Capital Operating Partner.