OneSoft Nine Months Results Sep 2019

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.

OneBridge Solutions Inc., the operating subsidiary of OneSoft, worked directly with pipeline operators to deploy the CIM platform. The team collaborated with industry leaders including Phillips 66, Consumers Energy, and Jemena to advance the application of machine learning in integrity management. OneBridge also achieved SOC 2 Type 2 certification, demonstrating its commitment to data security and operational excellence.

The development of the CIM platform involved close collaboration with pipeline operators, academic researchers, and technology partners. OneSoft's relationship with Microsoft was particularly significant, as the company leveraged Azure's cloud computing capabilities to process large volumes of ILI data and deliver results through a web-based interface accessible to integrity engineers worldwide.

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.