Qognify

What Qognify does

Qognify, now operating as Octave Intelligence plc within Hexagon AB's physical security division following Hexagon's April 2023 acquisition, provides enterprise-grade Physical Security Information Management (PSIM) and video management software for large organizations with complex, multi-site security operations. The company's core platform, branded Coda (formerly HxGN dC3), is a unified architecture combining PSIM orchestration, video management, LiDAR-based 3D surveillance, cloud-hosted VMS with natural language AI, and multi-site central management. Its customer base spans government and public safety, transportation and critical infrastructure, banking and financial institutions, and large commercial enterprises that require consolidated situational awareness across heterogeneous sensor estates.

The product portfolio follows a platform-plus-modules model: Coda Orchestrator (PSIM), Coda Video (on-prem VMS), Coda Video Cloud (cloud VMS with NLP), Coda Video Analytics/Insight, Coda Spatial (LiDAR 3D surveillance), Coda Umbrella (multi-site central management for distributed enterprises such as banks), and Coda Mobile/Web/Designer clients. Legacy acquired brands—Qognify VMS, Ocularis, and NiceVision—are retained within the portfolio. Underlying technology emphasizes integration/interoperability with third-party security sensors and business systems, low total cost of ownership through ecosystem connectivity, and embedded computer vision and NLP capabilities.

Qognify/Octave generates revenue through enterprise software licensing and subscriptions (including the newer Coda Video Cloud subscription), recurring support and maintenance agreements across multiple service tiers, and professional services for implementation, deployment, and integration. Go-to-market is primarily enterprise field sales—now amplified by Hexagon's global direct sales organization—supplemented by a multi-tier channel ecosystem of resellers, technology integration partners, and A&E specification partners. Pricing is quote-based and not publicly disclosed, consistent with complex enterprise PSIM/VMS deployments.

Name

Qognify

Legal name

Octave Intelligence plc

Website

https://Qognify.com

Company type

Private

Founded year

2023

Operating status

Acquired

Headcount range

101–250 employees

Short description

Qognify, now operating as Octave within Hexagon AB, provides enterprise PSIM and video management software under the Coda platform for government, transportation, critical infrastructure, banking, and large commercial organizations with complex multi-site security operations.

Ownership category

akta.pro rank

Product category

Physical Security Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

akta.pro secondary industry

Responsible AI, Security & Privacy Platforms (Safety, Guardrails, PII) (HDAEANAG)

Keywords

• Physical security software
• Video management systems
• PSIM solutions
• Incident management software
• Enterprise surveillance platform

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Software Licenses and Subscriptions: Enterprise software licensing and subscription model for PSIM and video management solutions. The company offers perpetual licenses and subscription-based cloud solutions including Coda Video Cloud.
2. Support and Maintenance: Support and maintenance agreements offered to customers with various tiers of service including support portal access, software downloads, and technical assistance.
3. Professional Services: Professional services including implementation, deployment, and integration services for enterprise customers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Qognify (now operating as Octave within Hexagon AB) develops and sells enterprise physical security software, including the Coda platform with Coda Orchestrator (PSIM), Coda Video and Coda Video Cloud (VMS), Coda Spatial (LiDAR-based 3D surveillance), and Coda Umbrella for multi-site centralized management. The software consolidates data from multiple security sensors into a unified operational interface for incident response and situational awareness. Target customers are large organizations in government, transportation, critical infrastructure, banking, and commercial enterprise sectors.

Product overview

Qognify, now operating under the Octave brand within Hexagon's physical security division, offers a unified platform-plus-modules architecture called Coda (formerly HxGN dC3). The core Coda platform serves as the foundation, with specialized modules including Coda Orchestrator for PSIM capabilities, Coda Video for video management, Coda Video Cloud for cloud-based VMS with AI, Coda Video Analytics/Insight for advanced analytics, Coda Spatial for LiDAR-based 3D surveillance, Coda Umbrella for multi-site central management, and Coda Mobile/Web/Designer clients for access and configuration. The portfolio also retains legacy acquired brands including Qognify VMS, Ocularis, and NiceVision. Products focus on enterprise physical security, PSIM, and video surveillance for government, transportation, critical infrastructure, and banking sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Coda: Physical security platform enabling enterprise organizations to detect, command, control and collaborate (formerly HxGN dC3)
• Coda Video
• Coda Video Cloud
• Coda Orchestrator
• Coda Spatial
• Coda Umbrella
• Qognify VMS
• Ocularis
• NiceVision

Products and services

• Coda (formerly HxGN dC3) Core physical security platform that empowers enterprise organizations to detect, command, control, and collaborate. Serves as the unified foundation for the Coda portfolio of physical security software products.
• Coda Orchestrator (formerly HxGN dC3 Orchestrator) Enterprise-class Physical Security Information Management (PSIM) software providing enhanced situational awareness and response workflow management by consolidating data from multiple security sensors into a unified operational interface.
• Coda Video (formerly HxGN dC3 Video) Video management software for corporate and enterprise projects with a focus on ecosystem connectivity, business process integration, and low total cost of ownership.
• Coda Video Cloud (formerly HxGN dC3 Video | Cloud) Cloud-based Video Management Software (VMS) solution with built-in natural language AI for enterprise video surveillance management.
• Coda Video Analytics (formerly HxGN dC3 Video | Analytics) Video analytics module providing advanced analytics capabilities for surveillance footage, enabling AI-enabled threat detection.
• Coda Video Insight (formerly HxGN dC3 Video | Insight) Video insight module providing deeper analytical insights from video data, including computer vision capabilities for threat detection.
• Coda Spatial (formerly HxGN dC3 LidarVision) LiDAR-based 3D surveillance software for advanced area and perimeter protection for critical infrastructure and high-security environments.
• Coda Umbrella (formerly HxGN dC3 Umbrella) Central management software that enables central management of all connected Coda Video systems across a large number of sites, ideal for organizations such as banks with many branch offices.
• Coda Mobile Client (formerly HxGN dC3 Mobile Client) Mobile client application for accessing and managing physical security systems on-the-go via mobile devices.
• Coda Web Client (formerly HxGN dC3 Web Client) Web-based client for accessing and managing physical security systems via a browser.
• Coda Designer (formerly HxGN dC3 Designer) Design tool for configuring and customizing physical security deployments.
• Qognify VMS Legacy video management system product brand retained after acquisition by Hexagon AB.
• Ocularis Video management system product brand acquired and retained as part of the portfolio, following Qognify's 2018 acquisition of OnSSI.
• NiceVision Video management system product brand acquired and retained as part of the portfolio.

Quantifiable outcome

• The PSIM market is projected to reach $4.05 billion by 2030, growing at 12.3% CAGR

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature8 records

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bosch Security Systems: Bosch Security Systems offers a broad portfolio of video surveillance, intrusion detection, and access control products including its BVMS video management software. It is a broad incumbent operating in many of the same critical infrastructure and enterprise verticals as Qognify.
• Honeywell Building Technologies: Honeywell's security business provides enterprise video, access control, and integrated building security solutions for commercial and critical infrastructure customers. It competes with Qognify in large-scale PSIM-style deployments and adjacent building/OT integration scenarios.
• Axis Communications: Axis Communications is a major network camera and physical security hardware vendor with an associated VMS partner ecosystem. It is a broad incumbent in the same end markets as Qognify, often co-deployed or evaluated alongside Qognify software in enterprise RFPs.

Emerging players

• Verkada: Verkada is a cloud-native physical security platform combining video, access control, and sensors in a unified SaaS offering. It represents an emerging architectural threat to Qognify's on-prem-leaning PSIM/VMS stack, particularly in commercial and multi-site deployments.
• BriefCam: BriefCam is a video analytics platform applying deep learning for object detection, search, and real-time alerts. It is comparable to Qognify's Coda Video Analytics and Coda Video Insight modules and is frequently integrated or evaluated alongside Qognify in security operations centers.
• Eagle Eye Networks: Eagle Eye Networks provides cloud-based video management and AI-powered video analytics with a focus on multi-site enterprise and retail customers. It competes with Coda Video Cloud and represents the cloud-first trajectory of the VMS market.

Regional players

• Hanwha Vision (formerly Wisenet): Hanwha Vision offers video surveillance cameras and a Wisenet Wave VMS platform, with strong global reach including Asia-Pacific markets where Qognify also operates. It is comparable as an integrated camera-plus-VMS vendor with overlap in commercial and enterprise security.

Direct peers

• Milestone Systems: Milestone Systems is a major open-platform video management software provider serving enterprise and mid-market customers globally. It competes head-to-head with Qognify's Coda Video and is frequently evaluated alongside Qognify in enterprise VMS RFPs.
• Avigilon (Motorola Solutions): Avigilon, owned by Motorola Solutions, offers enterprise video surveillance and access control solutions with strong AI analytics. It directly competes with Qognify in enterprise and government physical security deployments.
• Genetec: Genetec is a leading developer of unified physical security software, including video management (Security Center Omnicast), access control, and PSIM-style orchestration. It directly competes with Qognify in enterprise VMS and PSIM for government, transportation, and critical infrastructure customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/qognify
• LinkedInlinkedin.com/company/qognify

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qognify