OneSoft Reports Fiscal 2022 Financial Summary

Edmonton, Alberta — For more than a decade, OneSoft Solutions Inc. operated at the intersection of machine learning and pipeline safety. The company's flagship product, Cognitive Integrity Management (CIM), leveraged Microsoft Azure cloud infrastructure and advanced predictive analytics to help North American and international pipeline operators reduce risk and optimize maintenance spending.

OneSoft's technology addressed a fundamental challenge in pipeline operations: the gap between the volume of inspection data available and the ability of operators to analyze it effectively. Traditional methods relied heavily on manual spreadsheet analysis, which was slow, error-prone, and could not scale. CIM automated these workflows and provided pipeline engineers with probabilistic risk assessments that improved decision-making.

Through a combination of supervised and unsupervised machine learning techniques, the CIM platform was able to identify anomalies and predict future corrosion growth with a degree of accuracy that surpassed conventional engineering methods. This capability was particularly valuable for operators managing tens of thousands of miles of pipeline, where even small improvements in predictive accuracy could translate into millions of dollars in avoided dig costs.

The acquisition by Irth Solutions LLC marked the culmination of OneSoft's journey from a small TSX Venture-listed company to a recognized leader in pipeline integrity technology. Under Blackstone's ownership, the CIM platform and the OneBridge team continue to serve pipeline operators, now with the resources and scale of one of the world's largest alternative asset managers.