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| Home : OneSoft Solutions Inc. Announces Entering Into Non-Binding Term Sheet |
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Jun 18
2015 |
OneSoft Solutions Inc. Announces Entering Into Non-Binding Term Sheet |
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EDMONTON, ALBERTA--(Marketwired - June 17, 2015) - OneSoft Solutions Inc. ("OneSoft" or "OSS") (TSX VENTURE:OSS), a North American developer of cloud-based business solutions, is pleased to announce that it has entered into a non-binding term sheet (the "Term Sheet") to acquire the business of a private Alberta corporation ("Targetco"). Targetco has developed software applications, processes and services associated with spatial data, which is important for companies with major infrastructure, including oil and gas pipeline operators, to manage maintenance and safety issues that pertain to their assets. Targetco's current legacy software technology is well suited for adaptation to the Microsoft Cloud platform and business model that OneSoft is pursuing. |
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| Source:http://www.marketwired.com/mw/release.do?id=2030762&sourceType=3 |
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