HUNTSVILLE, Ala.—Octave, the planned software spinoff from Hexagon AB, has announced the acquisition of VXG Inc., a provider of enterprise-grade, cloud-native video management software.Octave’s portfolio simplifies complexity across the asset lifecycle. The acquisition will enable Octave to build upon the artificial intelligence (AI)-enhanced cloud capabilities in its physical security portfolio and further strengthen its software offerings for protecting people, places and assets.VXG’s cloud-native platform allows corporate campuses, finance, retail, education, health care and public safety organizations to manage small to mid-sized security installations. Its AI-powered engine combines computer vision analytics and generative AI capabilities for intelligent monitoring, alerts and investigations, along with secure access and evidence-sharing workflows. In addition, its open ecosystem supports hundreds of camera models and is built for service providers delivering Video Surveillance-as-a-Service (VSaaS).The acquisition builds on a partnership that began in June 2025, when Hexagon introduced a cloud-based video management system built on VXG’s offering. Bringing VXG in-house provides Octave full control of its technology stack, paving the way for future portfolio integrations and product enhancements.“VXG’s cloud-based video management system gives Octave an immediate advantage and supports our cloud roadmap,” said Octave CEO Mattias Stenberg. “Its AI-driven design aligns with our vision of intelligence at scale. The acquisition expands our hybrid deployment options - cloud, edge and on-premises - positioning Octave to lead the shift to cloud-first solutions.”The VXG leadership team, led by CEO Yaro Lisitsyn, will remain with the company to drive continued development of the cloud roadmap and ensure continuity for customers and partners.VXG had revenues of around $1 million in 2025 and will be fully consolidated within Octave’s Protect workflow environment from May 2026.
