HUNTSVILLE, AL, May 5, 2026 – Octave acquired VXG Inc. to add cloud-native video management software to its physical security portfolio. The deal brings VXG’s AI-powered video tools into Octave’s roadmap for cloud, edge and on-premises security deployments. VXG’s software is used for monitoring, alerts, investigations, secure access and evidence-sharing workflows.
VXG’s platform is used by corporate campuses, finance, retail, education, health care and public safety organizations to manage small to midsize security installations. Its AI-powered engine combines computer vision analytics and generative AI capabilities for monitoring, alerts and investigations. The software also supports secure access and evidence-sharing workflows.
The VXG platform supports camera models and is built for service providers that deliver Video Surveillance-as-a-Service (VSaaS). The acquisition follows a partnership that began in June 2025, when Hexagon introduced a cloud-based video management system built on VXG’s offering.
“VXG’s cloud-based video management system gives Octave an immediate advantage and supports our cloud roadmap,” said Octave CEO Mattias Stenberg. “It’s 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. The team will continue development and maintain continuity for customers and partners.
Source: Octave
About Octave
Octave is an enterprise software company based in Dublin, Ireland. It became a standalone company in 2025 after Hexagon AB moved to spin off its Asset Lifecycle Intelligence and Safety, Infrastructure and Geospatial businesses, along with ETQ and Bricsys. Octave provides software for design, construction, operations, asset management, infrastructure, geospatial data, quality management, public safety, security and industrial cybersecurity. Its products support 3D modeling, engineering analysis, supply chain coordination, construction planning, asset performance management, real-time monitoring, incident response and physical security. The company serves customers in chemicals, defense, education, electronics, engineering services, health care, manufacturing, mining, oil and gas, power, transportation, public safety and security. Octave reports 14,000 customers in 180 countries and 7,000 employees in 45 countries.
About VXG
VXG is a software company based in Toronto, Canada. It was founded in 2016. The company provides cloud video surveillance, cloud video management, camera-to-cloud connectivity, AI analytics, cloud gateway tools, mobile apps, software development kits and API-based integration services. Its software connects IP cameras, DVRs and NVRs to cloud or on-premise video systems. The tools support camera management, recording, viewing, event handling, video streaming and AI-based video analysis. VXG serves systems integrators, monitoring centers, cloud storage providers, telecom companies, access control providers, retailers, health care organizations and smart building operators. It also works with video surveillance, security, SaaS and video monitoring businesses. VXG technology connects cameras with AI services from Amazon, Microsoft, Google, Intel and proprietary systems. VXG reports more than 150,000 connected cameras.