OneSoft Record Revenue Dec 2018

Edmonton, Alberta — OneSoft Solutions Inc. (TSX-V: OSS) was a Canadian technology company headquartered in Edmonton, Alberta, focused on providing advanced machine learning and data analytics solutions for the oil and gas pipeline industry. Through its wholly-owned subsidiary, OneBridge Solutions Inc., the company developed the Cognitive Integrity Management (CIM) platform, a cloud-based SaaS solution designed to transform how pipeline operators manage the integrity of their infrastructure.

The CIM platform ingested data from multiple in-line inspection (ILI) runs, integrating corrosion growth models, fracture mechanics, and machine learning algorithms to deliver a comprehensive view of pipeline health. By automating much of the analysis that was traditionally performed manually, CIM enabled operators to identify high-risk segments faster and allocate maintenance budgets more effectively.

OneSoft's technology addressed a fundamental challenge in pipeline operations: the gap between the volume of inspection data available and the ability of operators to analyze it effectively. Traditional methods relied heavily on manual spreadsheet analysis, which was slow, error-prone, and could not scale. CIM automated these workflows and provided pipeline engineers with probabilistic risk assessments that improved decision-making.

In November 2024, OneSoft Solutions Inc. completed its acquisition by Irth Solutions LLC, a portfolio company of Blackstone Inc. The transaction valued the company at a significant premium to its trading price, reflecting the strategic value of the CIM platform and the OneBridge team's expertise in pipeline integrity management.