This acquisition also provides a highly experienced team of employees with deep domain expertise who can help us accelerate our go-to-market plans with OneBridge risk solutions.
HCAs require unique operational processes as mandated by the Pipeline Safety Act of , largely governed by US DOT regulations as defined in 49 CFR and and in accordance with operational mandates of various state regulatory agencies. To maintain operational compliance, pipeline operators are required to conduct specific risk assessments, including determination of consequence of failure events within HCAs, for hazardous liquid and natural gas pipelines and storage facilities.
We believe the OneBridge team is leading the pack in its efforts to modernize computing and data analytics for pipeline operators and have great confidence that their efforts to advance risk management solutions and provide continued customer services will be beneficial for all stakeholders.
This is unique amongst pipeline integrity management software and highly beneficial for pipeline engineers, who can easily ingest and align the numerous data sets they need to review and analyze to perform integrity and asset management.
Accordingly, CIM also provides the ideal environment to leverage and progress our technology, products and risk management processes for pipeline operators. Amalgamation of expertise and software will provide an excellent upgrade path for existing Bass Engineering customers who currently use RIPL risk and HCA analysis solutions to progress to CIM, which is the leading and proven cloud-based, SaaS solution with machine learning capability that serves the industry today.
