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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. 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.
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