Octave, the planned software spinoff from Hexagon AB, has acquired VXG Inc., a provider of cloud-native video management software.
Octave said the acquisition will allow it to build on AI-enhanced cloud capabilities in its physical security portfolio and expand its software offerings aimed at protecting people, places and assets.
VXG’s platform is designed to support small to mid-sized security installations across sectors including corporate campuses, finance, retail, education, healthcare and public safety. The company said its software includes computer vision analytics and generative AI features intended to support monitoring, alerts and investigations, as well as access and evidence-sharing workflows.
Octave said VXG’s ecosystem supports hundreds of camera models and is aimed at service providers offering Video Surveillance-as-a-Service (VSaaS).
The deal follows a partnership that began in June 2025, when Hexagon introduced a cloud-based video management system built on VXG’s offering. Octave said bringing VXG in-house will give it greater control of its technology stack, which it expects will support future integrations and product updates.
“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.”
Octave said the VXG leadership team, led by CEO Yaro Lisitsyn, will remain with the company to continue development of its cloud roadmap and maintain continuity for customers and partners.
Octave said VXG had revenues of around US$1.0 million in 2025 and will be fully consolidated within the Protect workflow environment from May 2026.
