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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.
OneSoft Solutions Inc. reported significant financial growth for the fiscal year 2022, with revenues increasing 55% year-over-year to $6.9 million. The fourth quarter alone saw an 82% revenue rise, totaling $2.2 million. Despite this growth, gross margin declined slightly from 74.7% to 71.3%. The company improved its net loss to $3.0 million, a 23% reduction from the previous year. Looking ahead, OneSoft forecasts revenues of $10.1 million for fiscal 2023, with anticipated growth fueled by existing customer expansions and new customer contracts.
OneSoft Solutions Inc. reported a strong fiscal 2022, achieving $6.9 million in revenue, a 55% increase from 2021. Q4 2022 revenue hit $2.2 million, up 81% year-over-year. The company forecasts fiscal 2023 revenue to exceed $10 million, driven primarily by existing customers' software-as-a-service (SaaS) adoption, with 90% of anticipated revenue coming from this segment. Cash at year-end 2023 is projected to be $4 million, with operations expected to break even. Risks include potential regulatory changes and economic conditions affecting customer spending. Despite these, the company is optimistic about continued growth and no immediate need for additional financing.
OneSoft Solutions Inc. (OSSIF) announced that its subsidiary, OneBridge Solutions, is now SOC 2 Type 2 compliant, enhancing its data security protocols. This certification boosts OneBridge's reputation, reassuring clients in the pipeline industry about their data handling practices. Jordan Dubuc, CTO, emphasized that meeting SOC 2 compliance raises industry standards for third-party solutions. The move aligns with the increasing demand for robust information security in cloud services, particularly for pipeline operators, and demonstrates OneBridge's commitment to ongoing data protection investments.
OneSoft Solutions has renewed its partnership with Sophic Capital as its Capital Markets Advisory firm for a 12-month term at $7,000 monthly. This engagement aims to enhance investor relations and awareness, aided by granting Sophic 500,000 options at $0.45 per share. Sophic Capital, experienced in technology and clean sectors, will support OneSoft's growth and lower capital costs. OneSoft specializes in transitioning legacy software to the Microsoft Azure Cloud and uses data science for oil and gas pipeline analytics.
EDMONTON, AB / ACCESSWIRE / December 1, 2022 - OneSoft Solutions (TSXV:OSS)(OTCQB:OSSIF) will present at the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 3:00 PM ET. President Brandon Taylor highlights significant achievements in 2022, including new multi-year SaaS agreements and record revenues for Q3. The company aims to enhance its leadership in pipeline integrity management through cloud computing and data analytics.
Access the live presentation here.
OneSoft Solutions (OSSIF) announced its Q3 2022 financial results, reporting a 69% increase in revenue year-over-year, totaling $2.085 million. The company's net loss decreased by 57% to $300,000 compared to Q3 2021. Deferred revenue surged 147.4% to $2.9 million, reflecting strong customer commitments. Operationally, new contracts were secured with major clients, including a Fortune 50 company and Jemena Asset Management. Management is optimistic about continued revenue growth through ongoing customer acquisitions and innovations in pipeline asset management.
OneSoft Solutions Inc. (OSSIF) announced a multi-year agreement with Jemena to utilize its Cognitive Integrity Management TM (CIM) for pipeline integrity management. This agreement follows successful pilot projects that demonstrated CIM's ability to automate data analysis, enhancing decision-making and reducing costs. Jemena becomes the first Australian pipeline operator to integrate CIM's technology, which leverages machine learning and cloud computing. This partnership aims to optimize Jemena's infrastructure management and uphold technological leadership in safety and efficiency.
OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) has partnered with Uptake Technologies, Inc. to enhance pipeline safety and operational efficiency for oil and gas operators. This collaboration integrates Uptake's Fusion solution with OneBridge's Cognitive Integrity Management (CIM) platform, utilizing Microsoft's Azure cloud for data management. The alliance aims to address key challenges in accessing and normalizing operational technology data, facilitating better predictive analytics and maintenance. According to OneSoft President Brandon Taylor, this integration represents a significant technological advancement for their joint customers.
OneSoft Solutions has announced the introduction of its Corrosion Growth Analysis solution by its subsidiary OneBridge at the International Pipeline Conference from September 26-30, 2022. This innovative Integrity-as-a-Service (IaaS) solution allows integrity engineers to automate pipeline integrity processes, significantly reducing analysis time and costs. The service fee starts at US$4,950 for two datasets, with additional datasets costing US$500 each. This advancement aims to leverage machine learning and cloud computing to enhance pipeline management for over 1,800 companies in the U.S.
OneSoft Solutions (TSX-V:OSS; OTCQB:OSSIF) has secured a multi-year agreement with a Fortune 50 oil and gas company to implement its Cognitive Integrity Management™ (CIM) platform. This agreement enhances the Client's digital strategy through advanced machine learning and data analytics across global pipeline operations. The CIM platform will incorporate vital modules for managing corrosion, cracks, and risks. President Brandon Taylor expressed optimism for a fruitful partnership leveraging Microsoft cloud solutions and integration with existing enterprise systems.
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