M&A Deal Summary

IRTH Solutions Acquires OneSoft Solutions

On August 12, 2024, IRTH Solutions acquired software company OneSoft Solutions for 113M CAD

Acquisition Highlights
  • This is IRTH Solutions’ 2nd transaction in the Software sector.
  • This is IRTH Solutions’ 0th largest (disclosed) transaction.
  • This is IRTH Solutions’ 1st transaction in Canada.
  • This is IRTH Solutions’ 1st transaction in Alberta.

M&A Deal Summary

Date 2024-08-12
Target OneSoft Solutions
Sector Software
Buyer(s) IRTH Solutions
Deal Type Add-on Acquisition
Deal Value 113M CAD
Advisor(s) Grant Thornton Transaction Advisory (Financial)
Parlee McLaws (Legal)

Target

OneSoft Solutions

Edmonton, Alberta, Canada
OneSoft is the creator of Cognitive Integrity Management or CIM software, an AI-powered enterprise pipeline integrity management software-as-a-service solution. OneSoft Solutions was founded in 1997 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

IRTH Solutions

Columbus, Ohio, United States

Category Company
Founded 1985
Sector Software
DESCRIPTION

IRTH Solutions is a provider of software and services to the underground utility damage prevention industry. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irth’s software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. IRTH Solutions was founded in 1985 and is based in Columbus, Ohio.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Bytronics

Rochester, New York, United States

Bytronics, Inc. is a provider of software solutions to the energy, utility, municipality and contract locator industries and the maker of DigTrack One Call ticket management software.

Buy -