OneSoft

About OneSoft

OneSoft Solutions Inc. operates as a developer of cloud-based software solutions, primarily targeting the oil and gas pipeline industry. Founded in 1997 and headquartered in Edmonton, Canada, the company has transitioned its focus towards creating subscription-based software-as-a-service (SaaS) products that leverage the Microsoft Azure Cloud Platform. A significant milestone occurred in late 2015 when Microsoft selected OneSoft to participate in its first machine learning and data science accelerator program, which catalyzed the development of its core offerings. On August 12, 2024, OneSoft entered into a binding agreement to be acquired by irth Solutions LLC, a Blackstone portfolio company, a transaction expected to close in the fourth quarter of 2024.

The company's core business revolves around its Cognitive Integrity Management (CIM) product, an AI-powered enterprise software solution designed for pipeline integrity management. This platform assists oil and gas pipeline operators by using data science, machine learning, and predictive analytics to analyze large datasets. The primary goal is to help clients predict and prevent pipeline failures, thereby enhancing safety, protecting the environment, and ensuring regulatory compliance. Clients include Fortune 50, 100, and 500 companies, including two of the industry's five supermajors, who collectively manage approximately 150,000 miles of pipeline assets. Revenue is generated through a subscription-based model, with pricing often based on the number of pipeline miles being monitored.

OneSoft's flagship product, Cognitive Integrity Management (CIM), is delivered through its wholly-owned subsidiaries, OneBridge Solutions, Inc. and OneBridge Solutions Canada Inc. The solution ingests and analyzes various data sets, including inline inspection data, to identify potential threats and anomalies within pipelines. By aggregating and aligning data that operators have collected for decades, the platform provides actionable insights for integrity engineers. This allows for more effective predictive maintenance, helping companies determine where to excavate and make repairs. The platform is a cloud-native application, accessible via a web browser without the need for additional software installation, which provides clients with remote access and operational continuity.