[January 22, 2013]

SOFTRAX Announces Appointment of Tom Zauli as Vice President of Sales and Marketing

SOFTRAX, the provider of best-in-class enterprise billing and revenue management solutions, today announced the appointment of Tom Zauli as Vice President of Sales and Marketing. Zauli's appointment heralds a time of significant growth and change at SOFTRAX, which includes investment in product development, personnel and infrastructure.

"I was attracted by the strength of the SOFTRAX solution and its longstanding reputation as a market leader in automating complex revenue recognition and billing processes," Zauli said. "This is an exciting time to join the business. The migration to SaaS (News - Alert) and other factors are increasing the need for flexible, robust solutions for these processes. Near-term goals will inclue expansion of our sales and marketing functions to meet this need."

Zauli comes to SOFTRAX with 17 years of experience in sales and sales leadership with start-up software companies, including SES (News - Alert), HyPerformix, Parasoft, rPath and iTKO. Prior to his career in software sales, Zauli worked as an Electrical Engineer for GE Aerospace, Martin Marietta and Lockheed Martin (News - Alert).

"Tom brings an extensive level of sales experience in the software space. He has been successful in providing sound leadership and enhancing the value in working relationships in the industry. We are very pleased to have Tom on board and leading our SOFTRAX team," stated Kurien Jacob, CEO.

About SOFTRAX: SOFTRAX is a leading provider of enterprise revenue management and billing solutions that fundamentally change the way companies manage, report and forecast their revenue. SOFTRAX solutions automate the entire revenue cycle, from contract and order management, billing and contract renewals through revenue recognition, reporting, and forecasting. Corporations manage billions of dollars with SOFTRAX solutions to optimize their billing, maximize their revenue, reduce operating expenses, comply with revenue recognition regulations and Sarbanes-Oxley requirements, and gain unprecedented visibility into their business performance. SOFTRAX is pleased to have Goldman, Sachs & Co. and ABRY Investment Partners as equity partners and investors in the company. SOFTRAX is headquartered in Canton, MA. More information can be found at www.SOFTRAX.com, and by calling 972.715.4028.

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