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OneSoft Solutions Inc. (OSSIF) delivers cloud-based SaaS solutions transforming pipeline integrity management through its Cognitive Integrity Management (CIM) platform. This page aggregates official announcements, product updates, and strategic developments for investors and energy sector professionals.
Access timely updates on machine learning advancements, Azure Cloud integrations, and regulatory compliance tools critical for oil and gas operations. Track announcements spanning software enhancements, partnership agreements, and expansion into global markets with extensive pipeline networks.
Key focus areas include predictive maintenance algorithms, corrosion risk mitigation, and geohazard management solutions. Content reflects OneSoft’s commitment to modernizing industrial operations through data science and subscription-based SaaS models.
Bookmark this page for consolidated access to OSSIF’s verified news stream, ensuring informed decisions about technological innovations in critical infrastructure management.
OneSoft Solutions Inc. has renewed its engagement with Sophic Capital Inc. as its Capital Markets Advisory firm for a 12-month term. The agreement, valued at $7,000 per month, aims to enhance investor relations and awareness. Additionally, OneSoft granted Sophic 500,000 stock options at $0.50 per share, vesting over a year. Sophic Capital specializes in capital market strategies for growth companies, particularly in technology and clean tech sectors. The renewal reflects OneSoft's commitment to advancing its communications with investors and financial professionals.
OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) will present at the SNN Network Canada Virtual Event on December 8, 2021, at 2 PM Eastern Time. President Brandon Taylor will discuss the company's growth, noting that its clients now operate approximately 150,000 pipeline miles, with two-thirds being piggable. The SaaS solution for pipeline integrity management is set for enhancements, including risk and corrosion management features. Investors can register online and access the presentation via webcasting.
OneSoft Solutions reported strong financial results for Q3 2021, with revenue increasing 55% year-over-year to C$1.23 million. Gross profit rose to C$937,000, reflecting a 59% increase. Despite recording a net loss of C$705,000, operational highlights include a 56% rise in recurring revenue, comprising 95% of total revenue. The company added seven new clients in 2021, now managing over 150,000 miles of pipeline under contract. OneSoft's cash position stood at C$6.5 million, and with no debt, management is confident in funding future growth without additional capital.
OneSoft Solutions Inc. (TSXV:OSS, OTCQB:OSSIF) has appointed Independent Trading Group (ITG) for market-making services to enhance liquidity and maintain an orderly market for its shares on the TSX Venture Exchange. The agreement, effective from November 1, 2021, includes a monthly fee of $5,000. CEO Dwayne Kushniruk emphasized that this decision aims to increase productivity for clients and value for shareholders. OneSoft specializes in transitioning legacy software to the Microsoft Azure Cloud Platform.
OneSoft Solutions, listed as OSSIF, will present at the Fall Harvest - Best Ideas from the Buy-Side conference from October 5-8, 2021. CEO Brandon Taylor's live presentation is scheduled for October 5 at 10 AM ET. The company reports growth in sales across North America, Europe, and Australia, including signing new customers and partnerships. OneSoft remains funded to convert prospects into clients and enhance its software solutions. The corporate strategy emphasizes transitioning legacy software to Microsoft Azure and implementing advanced analytics.
OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) announced a multi-year agreement with a leading U.S. pipeline operator to integrate its Cognitive Integrity Management (CIM) software into the management of pipeline operations. The Client, which operates about 90,000 miles of pipelines and transports 30% of U.S. natural gas and crude oil, aims to improve safety and efficiency. The rollout will begin with piggable pipelines, representing 45% of its infrastructure, with plans for future enhancements.
OneSoft Solutions will present at the SNN Network Summer Virtual Event 2021 on August 18, 2021, at 11:30 AM EST. President and CTO, Brandon Taylor, will lead the presentation, highlighting increasing interest in their CIM solution amid ongoing sales efforts in multiple countries, including the USA and Australia. The company reported $7.4 million in cash with no debt as of March 31, indicating sufficient funding for current business operations. Investors can register for the event and book one-on-one meetings through provided links.
OneSoft Solutions (OSSIF) reported impressive financial results for Q2 2021, achieving a 70% increase in revenue to $1.054M compared to $619K in Q2 2020. However, revenue for the first six months declined by 13% year-over-year due to a high benchmark from 2020. The company recorded a net loss of $1.131M, slightly improved from the $1.345M loss in Q2 2020. Deferred revenue stood at $2.346M. The company maintains a strong balance sheet with $7.2M in cash and no debt, suggesting sufficient funds for future operations.
OneSoft Solutions Inc. (OSSIF) has announced a new agreement via its subsidiary OneBridge Solutions with a Canadian pipeline company to integrate its Cognitive Integrity Management (CIM) SaaS solution into the Client's operations. This Client has over 70 years of experience in pipeline management and emphasizes safety and environmental responsibility. This partnership expands OneBridge's client base internationally, with existing clients in the USA and Australia. The development signifies growth in operational capabilities and market presence.
OneSoft Solutions Inc. has granted 200,000 stock options to newly appointed board member R. David Webster at a strike price of $0.56 per share. The options will vest in two phases: 50% upon grant and 50% on the anniversary. These options will expire in five years if not exercised. OneSoft specializes in software solutions transitioning applications to the Microsoft Azure Cloud platform and aims to utilize data science and machine learning for cost-effective, subscription-based services, particularly for oil and gas pipeline operators.
