We share your entrepreneurial roots and know that it takes time to build something meaningful. We partner alongside founders building resilient software businesses in enterprise B2B software markets with happy customers and great teams.
Alex Spencer
Alex Spencer
CEO,
Solen Software Group
We purchase and operate niche software businesses
Solen Software Group prioritizes innovative solutions that drive growth for software companies. Our group thinks in decades and our capital is permanent in nature.
Our commitment is to foster innovation and drive sustainable growth through strategic partnerships.

Founder Success Stories

Partnering with us has empowered founders to achieve their goals and drive future growth.

Alex and the Solen team are interested in long term ownership of Track Star and their other properties and to grow them and hold on to them, not bundle them up with something else and send them over for an instant profit.
Mike Hughes

Mike Hughes

Founder

Track Star

Partnering with Solen

We are a permanent capital acquisition company investing in and partnering alongside founders building resilient software businesses. Our goal is to amplify what has made your company great.

  • Lifelong Partnerships

    As a holding company with an indefinite time horizon, we have no intention of selling your business. When we invest in a company, we go 'all in' for the long haul.

  • Decentralized Operations

    We operate with a decentralized model that empowers your team with autonomy and authority over the day-to-day, keeping decision-making closest to your customers.

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Our Companies

Solen companies cover a wide range of industries from government and energy to fleet management and healthcare.

Fleet

Track Star

Track Star provides advanced fleet management solutions, optimizing GPS tracking, telematics, maintenance, safety and compliance for police departments and government agencies.

Seasoned investors with decades of operating history

Over 100 middle-market PE buyout investments
100+
Stubbornly committed to 60 days from LOI to closing
60 days
Over 50 years of SaaS building and operating experience
50+ years
Colors Pattern
our philosophy

Founder First Process

Founder first process is a process that is designed to help founders build a successful company.

Customer Centricity

At every turn, we ask "how can we provide more value to our customers?" We know that value capture will come in the long-run if we focus on the customer's needs today.

Propel Growth

We apply a proven playbook of strategies to drive growth and transform software at scale. Our playbooks range from digital transformation, artificial intelligence, to implementing usage-based monetization via APIs.

Reinvestment Drives Growth

We have a growth mindset to re-invest capital in leadership, technology, and sales. You won't find the suit and tie "Buy it, Lever it, Strip it, and Flip it." mindset with Solen.

Solen Business System

The Solen Business System

Although the struggles and opportunities faced by small software business are peculiar, hairy, and unique... we have found that they rhyme. The Solen Business System is a systems based framework to seize common growth challenges.

  • People Systems
  • Growth
  • Playbooks
  • Operational Excellence

Solen Global Offices

Solen has offices in Rio de Janeiro, Charlotte, New York City, Lisbon, and is headquartered in Salt Lake City, Utah.

  • Salt Lake City (Headquarters)

    Utah, USA

  • Rio de Janeiro

    Brazil

  • Toronto

    Ontario, Canada

  • New York City

    New York, USA

  • Lisbon

    Portugal

Salt Lake City (Headquarters) office
Map of Salt Lake City (Headquarters)

Salt Lake City (Headquarters)

Utah, USA

Contact

Please reach out to us for any and all questions or inquiries.

contact@solensoftwaregroup.com

Global Headquarters

Solen Software Group, Inc.

6995 South Union Park Center, Suite 340
Salt Lake City, Utah 84047

 

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