Company History

OneSoft Solutions Inc. was a Canadian technology company listed on the TSX Venture Exchange under the ticker symbol OSS. Headquartered in Edmonton, Alberta, the company was founded with a vision of applying advanced machine learning and data analytics to solve critical challenges in the oil and gas pipeline industry.

Early Years and Technology Development

In its early years, OneSoft focused on developing proprietary machine learning algorithms capable of processing large volumes of in-line inspection (ILI) data from pipeline operators. The company recognized that the traditional approach to pipeline integrity management — which relied heavily on manual spreadsheet analysis and conservative engineering assumptions — was both inefficient and unable to keep pace with the growing volume of inspection data.

Launch of the CIM Platform

The company's breakthrough came with the development of the Cognitive Integrity Management (CIM) platform, a cloud-based SaaS solution built on Microsoft Azure. CIM integrated corrosion growth models, fracture mechanics, and machine learning algorithms to deliver a comprehensive and automated approach to pipeline integrity management. The platform enabled operators to identify high-risk pipeline segments, optimize maintenance schedules, and reduce unnecessary excavation costs.

OneBridge Solutions Inc.

OneSoft conducted its pipeline integrity operations through its wholly-owned subsidiary, OneBridge Solutions Inc. OneBridge worked directly with pipeline operators across North America, Australia, the Middle East, and South America, deploying the CIM platform and providing ongoing technical support. Under the leadership of President Tim Edward, OneBridge achieved SOC 2 Type 2 certification and established strategic partnerships with companies including Phillips 66, Consumers Energy, and Jemena.

Growth and Recognition

OneSoft's growth trajectory earned the company multiple recognitions, including placement on the Globe and Mail's ranking of Canada's Top Growing Companies for five consecutive years, ranking 4th in the technology sector on the 2019 TSX Venture 50, and ranking No. 22 on the 2019 Startup 50. The company raised capital through successful bought deal financings totaling over $17 million to fund product development and sales expansion.

Acquisition by Irth Solutions LLC

In 2024, OneSoft Solutions entered into an arrangement agreement to be acquired by Irth Solutions LLC, a portfolio company of Blackstone Inc., one of the world's largest alternative asset managers. The acquisition was completed in November 2024, and OneSoft's shares were subsequently delisted from the TSX Venture Exchange. The CIM platform and OneBridge team continue to operate under the Irth Solutions umbrella.