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

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

Leading provider of revenue management and enterprise billing software makes
significant investments in personnel, systems and infrastructure

Business Wire

CANTON, Mass. -- January 22, 2013

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 and other factors are increasing the need for
flexible, robust solutions for these processes. Near-term goals will include
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, 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.

“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.

Contact:

SOFTRAX
Heather DelCarpini, 972-715-4044