Fortune 500 Company Becomes First Commercial Client for OneSofts New SaaS Solution

Fortune 500 Company Becomes First Commercial Client for OneSofts New SaaS Solution
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EDMONTON – OneSoft Solutions Inc. (TSX-V:OSS; OTC:OSSIF) is reporting that its wholly owned operating subsidiary, OneBridge Solutions Inc. has entered into its first commercial use agreement for its next iteration of Cognitive Integrity ManagementTM software-as-a-service (SaaS) solution named Polaris, which has been under development since early 2018. A U.S.A. – based Fortune 500 company, participated as a private preview user of the beta version of Polaris during its development phase and has now contracted to utilize the commercial version of CIM 3.0 on a multi-year basis.

“We are very pleased with our progress on the Polaris, now renamed CIM 3.0, development sprint” stated CTO Brandon Taylor. “Our initial goal was to develop a sufficiently comprehensive solution to enable our private preview users to replace their current integrity management systems with CIM 3.0  – and that objective has been met.  We are continuing to work with the other private preview participants who we anticipate over the next few months will adopt CIM 3.0 for long-term use, after which the solution will be commercially released to market for global use.”

OneBridge President Tim Edward added. “CIM 3.0 is designed to provide full “cradle-to-grave” functionality that oil and gas companies require to manage their pipeline infrastructure, including data and integrity management, predictive analytics, threat detection and monitoring, operational logistics, regulatory compliance and advanced business intelligence.  We are very appreciative of the valuable contributions that have been made by both Phillips 66 and the Client, as well as the third private preview participant of the Polaris/CIM 3.0 project, by providing their input and feedback as beta users of the software, as we’ve worked through the development sprint.”

Operating on Microsoft’s Azure Cloud platform and services environment, CIM 2.0 provides revolutionary Pattern Detection and Interacting Threats functionality using Data Science and proprietary Machine Learning algorithms. CIM 2.0 is designed to normalize and ingest inline inspection data for pipelines, align anomalies and calculate their growth rates, which results in the detection of threats to pipelines over time using Predictive Analytics. CIM 2.0 also provides advanced business intelligence, intuitive graphical presentations, and dashboard reporting and natural query language capability for data that operators require to manage their pipeline infrastructure.

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft Azure Cloud Platform. The company seeks opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. .

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

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