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Onesoft Solution - OSSIF STOCK NEWS

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About OneSoft Solutions Inc. (OSSIF)

OneSoft Solutions Inc. is a North American technology company that specializes in developing innovative cloud-based software solutions for the oil and gas pipeline industry. Leveraging advanced data science, machine learning, and predictive analytics, the company provides cutting-edge tools designed to address critical challenges in pipeline integrity management. Its flagship offering, the Cognitive Integrity Management (CIM) platform, is a subscription-based software-as-a-service (SaaS) solution hosted on the Microsoft Azure Cloud Platform. This platform empowers pipeline operators to predict and prevent pipeline failures, optimize operational efficiency, reduce costs, and ensure compliance with stringent regulatory requirements.

Core Business and Technology

At its core, OneSoft’s business model revolves around transitioning legacy, on-premise pipeline management systems to modern, cloud-based architectures. The company integrates advanced data science techniques, including machine learning and predictive analytics, into its solutions to analyze vast amounts of pipeline data. This allows operators to make data-driven decisions, identify potential risks, and implement preventive measures. By doing so, OneSoft helps its clients achieve their overarching goal of zero pipeline failures while enhancing safety, protecting the environment, and streamlining compliance processes.

The company’s CIM platform is designed to ingest and analyze complex datasets, including inline inspection (ILI) data, geographic information systems (GIS), and other operational metrics. This enables pipeline operators to monitor corrosion, assess cracks, manage geohazard strains, and predict potential risks with unprecedented accuracy. The platform also supports seamless integration with existing enterprise systems, ensuring a smooth transition for customers adopting the technology.

Market Position and Competitive Landscape

OneSoft operates within the broader context of the oil and gas industry’s digital transformation, where the adoption of AI-powered solutions is becoming increasingly critical. The company’s first-mover advantage in applying machine learning to pipeline integrity management sets it apart from traditional software providers and emerging competitors. Its focus on subscription-based SaaS solutions aligns with industry trends favoring cost-efficient, scalable, and easily deployable technologies.

OneSoft’s clientele includes industry-leading pipeline operators across North America, Australia, and Colombia, managing approximately 150,000 miles of pipeline assets. These clients range from Fortune 50 to Fortune 500 companies, underscoring the platform’s reliability and scalability. The company has also expanded its international presence by targeting markets in Europe, the Middle East, Africa, and South America, further solidifying its position as a global leader in pipeline integrity management solutions.

Key Differentiators

  • Advanced Technology: OneSoft’s use of AI, machine learning, and predictive analytics enables it to deliver highly accurate risk assessments and actionable insights.
  • Cloud-Based Architecture: The CIM platform’s deployment on Microsoft Azure ensures scalability, reliability, and robust data security.
  • Industry Expertise: The company’s deep understanding of pipeline operations and regulatory frameworks enhances its ability to address specific industry challenges.
  • Customer-Centric Approach: OneSoft collaborates closely with clients to continuously refine and expand its platform’s functionality, ensuring it meets evolving industry needs.

Revenue Model and Growth Strategy

OneSoft generates revenue through a subscription-based model, with clients paying for access to its SaaS platform and associated services. The company’s growth strategy includes expanding its customer base, developing new functionality modules (e.g., crack management, external corrosion management, and geohazard strain management), and pursuing international market opportunities. By continuously innovating and addressing customer pain points, OneSoft aims to maintain its competitive edge in the rapidly evolving landscape of pipeline integrity management.

Conclusion

OneSoft Solutions Inc. exemplifies the successful integration of advanced technology with industry-specific expertise to solve critical challenges in the oil and gas pipeline sector. Its Cognitive Integrity Management platform not only enhances safety and operational efficiency but also offers significant cost savings and compliance benefits for its clients. As a pioneer in applying AI and machine learning to this niche, OneSoft is well-positioned to remain a key player in the ongoing digital transformation of the industry.

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OneSoft Solutions Inc. announced the resignation of Ron Odynski as a Director due to personal health issues. Mr. Odynski has been with the company since its formation in 1996. He will continue to support OneSoft until a successor is recruited.
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OneSoft Solutions Inc. ranks number 269 on Canada's Top Growing Companies list with three-year revenue growth of 154%.
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OneSoft Solutions granted stock options and RSUs to retain and attract employees with expertise in machine learning and data science. 1,189,007 stock options were granted with a strike price of $0.75, vesting over 3 years. Additionally, 2,679,000 RSUs were granted, vesting over 3 or 5 years. RSUs will vest annually for Brandon Taylor, President and COO, for the next 5 years.
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OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) announces its financial results for Q2 and Year to Date, with revenue increasing by 87% and 80% respectively, and net loss reduced by 43% and 41% year over year. Gross profit increased by 109% and gross profit percentage improved to 75.9% in Q2 2023. The company plans to increase development staff, which may impact net loss and Adjusted EBITDA figures. Management believes the forecasted figures for 2023 will be achieved.
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OneSoft Solutions Inc. plans to release its second quarter of fiscal 2023 financial results on August 17, 2023. The CEO, President & COO, and CFO will host a live webcast to review the results and provide updates.
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OneSoft Solutions Inc. announces the successful completion of the Annual General and Special Meeting of shareholders. Resolutions were passed, and stock options were granted to Directors, Officers, and senior executives.
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OneSoft Solutions' subsidiary, OneBridge Solutions, has entered into a technology sharing agreement with TL Anderson Consulting to integrate Anderson's Modified MAT-8 pipeline fracture prediction model into OneBridge's Cognitive Integrity Management software-as-a-service solution. This collaboration will provide customers with an advanced cloud-based offering, improving threat detection and mitigation processes for operators.
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OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) announced that President and COO Brandon Taylor will present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023. The Company has achieved a 76% CAGR in revenue over 6.5 years and anticipates revenue growth of approximately 50% in 2023, projecting to exceed $10 million. Currently, only 54% of the customer pipeline miles under contract are generating revenue, highlighting future growth potential. OneSoft's solutions are gaining recognition as industry standards among U.S. pipeline operators, including Fortune 50 companies. The Company expects no additional capital requirement for its operations. Investors can register for 1x1 meetings with Taylor during the event.

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FAQ

What is the current stock price of Onesoft Solution (OSSIF)?

The current stock price of Onesoft Solution (OSSIF) is $0.63 as of October 15, 2024.

What is the market cap of Onesoft Solution (OSSIF)?

The market cap of Onesoft Solution (OSSIF) is approximately 76.4M.

What does OneSoft Solutions Inc. do?

OneSoft Solutions develops cloud-based software solutions for the oil and gas pipeline industry, leveraging AI and machine learning to optimize pipeline integrity management.

What is the Cognitive Integrity Management (CIM) platform?

The CIM platform is a subscription-based SaaS solution that uses advanced data science to help pipeline operators predict failures, reduce costs, and ensure regulatory compliance.

How does OneSoft generate revenue?

OneSoft operates on a subscription-based revenue model, where clients pay for access to its SaaS platform and related services.

What industries does OneSoft serve?

OneSoft primarily serves the oil and gas industry, focusing on pipeline operators managing extensive pipeline networks.

What sets OneSoft apart from its competitors?

OneSoft differentiates itself through its first-mover advantage in applying AI and machine learning to pipeline integrity management, its cloud-based architecture, and its deep industry expertise.

What are the benefits of using OneSoft’s CIM platform?

The CIM platform helps operators predict and prevent pipeline failures, optimize operational efficiency, save costs, protect the environment, and ensure compliance with regulations.

Where does OneSoft operate?

OneSoft operates globally, with clients in North America, Australia, and Colombia, and is expanding into Europe, the Middle East, Africa, and South America.

What technology does OneSoft use?

OneSoft’s solutions are built on the Microsoft Azure Cloud Platform and incorporate advanced data science, machine learning, and predictive analytics.

Who are OneSoft’s typical clients?

OneSoft’s clients include major pipeline operators, including Fortune 50, 100, and 500 companies, managing approximately 150,000 miles of pipeline assets.

What is OneSoft’s growth strategy?

OneSoft focuses on expanding its customer base, developing new functionality modules, and pursuing international market opportunities to drive growth.
Onesoft Solution

OTC:OSSIF

OSSIF Rankings

OSSIF Stock Data

76.43M
96.80M
17.35%
3.44%
Software - Application
Technology
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Canada
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