Hexagon PPM

What Hexagon PPM does

Hexagon PPM is the enterprise engineering software division historically operated within Hexagon AB and subsequently within Cadence Design Systems following a €2.7 billion acquisition in September 2025 of Hexagon's Design & Engineering business. The company provides mission-critical software for the design, construction, and operation of plants, infrastructure, and complex industrial assets, serving 14,000 enterprise customers across 180 countries — including 60%+ of the Global Fortune 500 — with a workforce of approximately 7,000 employees.

The platform spans four integrated lifecycle stages: design (3D modeling, engineering analysis, and simulation via products such as Octave Aspect, BricsCAD, Coda, and Facets), build (supply chain coordination and construction planning through Octave Loop and OnSite), operate (asset performance management and real-time monitoring via Octave Duet and Tempo), and protect (public safety, physical security, and cybersecurity through Octave OnCall). Supporting capabilities include geospatial intelligence (Alto/Luciad, GeoMedia, Imagine), project controls (Octave Sequence/EcoSys), enterprise quality management (Octave Reliance/ETQ), and infrastructure design (NetWorks). The portfolio comprises 100+ specialized solutions acquired and developed over a multi-decade history, holding analyst-recognized leadership positions such as #1 Plant Design for 12+ consecutive years.

The business operates an enterprise field-sales go-to-market motion with quote-based subscription licensing, annual billing cadence, and direct engagement with Fortune 500 companies and government/public-sector entities. Specialized sales teams are routed by industry vertical and capability. In May 2025, the division was spun off as Octave Intelligence plc (ringing the bell on May 28, 2025) before being integrated into Cadence Design Systems' portfolio. Geographic presence spans 45 countries with localized enterprise engagement, and named customers include AMD, Airbus, BAE Systems, BASF, Bechtel, BHP, BMW, EDF, Lockheed Martin, NVIDIA, Pfizer, Siemens, Rio Tinto, and CERN.

Name

Hexagon PPM

Legal name

Hexagon PPM (operated as division of Hexagon AB, subsequently acquired by Cadence Design Systems)

Website

https://hexagonppm.com

Company type

Private

Founded year

2017

Operating status

Acquired

Headcount range

5,001–10,000 employees

Short description

Hexagon PPM provides mission-critical enterprise engineering software spanning design, construction, operation, and protection of plants and industrial assets. It serves 14,000 customers across 180 countries — including 60%+ of the Global Fortune 500 — via subscription-based platform products.

Ownership category

akta.pro rank

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Enterprise Software Licenses and Subscriptions: Software platform spanning design, build, operate and protect lifecycle stages for mission-critical operations. Revenue generated through enterprise licensing and subscription arrangements with Fortune 500 companies, government agencies, and operators of complex infrastructure.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Hexagon PPM provides enterprise engineering software for the design, construction and operation of plants and other mission-critical industrial assets. Its portfolio covers 3D modeling and simulation, supply chain and construction planning, asset performance and quality management, public safety and emergency response, and geospatial intelligence, delivered through a unified lifecycle platform to Fortune 500 operators, EPC contractors, governments, and public safety agencies.

Product overview

Octave (a Hexagon spin-off) provides mission-critical software for actionable intelligence across the full asset lifecycle—from first design through decades of operation. The platform operates as a unified ecosystem combining multiple product lines: design and engineering tools (Octave Aspect, Octave BricsCAD, Octave Coda, Octave Facets) for precision 3D modeling and engineering analysis; operations intelligence (Octave Duet, Octave Tempo, Octave OnCall) for asset performance, monitoring, and public safety; geospatial solutions (Octave Alto/Luciad, Octave GeoMedia, Octave Imagine) for geospatial data and imagery analysis; supply chain management (Octave Loop); project controls (Octave Sequence); and enterprise quality management (Octave Reliance). The portfolio serves 14,000 customers across 180 countries, protecting over 1 billion people worldwide, with 60%+ of Global Fortune 500 companies as customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Octave Aspect (Engineering Analysis) Engineering analysis suite providing pipe stress analysis, pressure vessel analysis, structural analysis, and tank design capabilities for industrial plant engineering teams.
• Octave BricsCAD CAD software for 2D drafting, 3D modeling, and BIM workflows, enabling precision design across engineering and construction projects.
• Octave Coda (dC3) Building information modeling (BIM) platform for design, construction, and operations management, featuring 3D visualization, spatial analysis, and mobile client capabilities.
• Octave Duet (Operations Intelligence) Operations intelligence platform combining situational awareness, risk and barrier management, and simultaneous operations coordination for industrial environments.
• Octave Facets (Smart Schematics) Schematics and P&ID (Piping and Instrumentation Diagram) solution for electrical, instrumentation, and process engineering design, validation, and management.
• Octave Loop (HxGN Supply Chain) Supply chain management solution for material readiness, contracts, and procurement optimization in industrial and manufacturing contexts.
• Octave NetWorks (HxGN NetWorks) Infrastructure design and information management platform for utilities and network planning, analysis, and design operations.
• Octave OnCall (HxGN OnCall) Public safety and emergency response platform encompassing dispatch, field mobility, planning and response, records management, and analytics for first responders.
• Octave OnSite (Construction Suite) Construction management suite covering construction planning, completions, spool design, and 3D visualization for project execution and coordination.
• Octave Reliance (ETQ) Quality management and compliance platform providing change and release management, document control, environmental management, health and safety, and supplier quality capabilities.
• Octave Sequence (EcoSys) Project controls and Earned Value Management (EVM) solution for scheduling, cost management, and project performance tracking in capital-intensive projects.
• Octave Tempo (Operations Management) Operations management platform providing automation integrity, control system effectiveness, and operating procedures management for industrial facilities.
• Octave Alto (Luciad) Geospatial intelligence platform for visualization, analysis, and processing of geospatial data, including 3D mapping and situational awareness capabilities.
• Octave GeoMedia Geospatial information system for capturing, storing, analyzing, and presenting geospatial data with capabilities for 3D visualization, mapping, and spatial analysis.
• Octave Imagine (ERDAS IMAGINE) Remote sensing and geospatial imagery analysis platform for photogrammetry, image processing, and GIS extension capabilities.

Quantifiable outcome

• Unplanned downtime costs world's 500 largest companies $1.4 trillion annually — 11% of total revenues
• +1 more outcomes

Named customers22 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Emerson: Emerson's Aspen Tech plus DeltaV/Plantweb portfolio is a broad incumbent across process automation, EAM, and APC — directly comparable to Hexagon PPM's operations intelligence and asset performance offerings for process-industry customers.
• Siemens Digital Industries Software: Siemens (NX, Teamcenter, Simcenter, Xcelerator) is a broad incumbent across PLM, CAD, simulation, and industrial operations, competing with Hexagon PPM across both the design-build and operate lifecycles for large manufacturers.
• Rockwell Automation: Rockwell's FactoryTalk, PlantPAx, and PTC-via-strategic-alliance stack makes it a broad incumbent in industrial operations and lifecycle software, competing with Hexagon PPM for shared manufacturing and process-industry accounts.

Direct peers

• Ansys: Ansys (acquired by Synopsys in 2024) is a direct peer in engineering simulation and digital-twin software, overlapping with Hexagon PPM's MSC Software-based structural, fluid, and pipe-stress simulation offerings across aerospace, automotive, and industrial verticals.
• Autodesk: Autodesk's AEC and Manufacturing portfolios (AutoCAD, Revit, Plant 3D, Fusion 360, BIM 360) directly overlap Hexagon PPM's BricsCAD, Coda/BIM and plant-design products and compete for the same enterprise E&C and manufacturing customers.
• Bentley Systems: Bentley Systems competes directly in infrastructure engineering software (OpenPlant, OpenBuildings, iTwin digital twin platform) for the same E&C and owner-operator buyers, making it a peer in plant, BIM, and asset-performance workflows.
• AVEVA Group: AVEVA (now under Schneider Electric) is one of the closest direct peers, offering industrial engineering and design software for plant design, process simulation, and asset operations across O&G, chemicals, power, and marine — overlapping deeply with Hexagon PPM's Intergraph/PV Elite/SmartPlant-equivalent offerings.
• Dassault Systèmes: Dassault's 3DEXPERIENCE platform competes head-to-head with Hexagon PPM in industrial design, BIM, plant engineering, and operations, serving overlapping Fortune 500 customers in aerospace, automotive, energy, and life sciences.
• Aspen Technology: Aspen Tech (now part of Emerson) provides process simulation, APC, and asset performance management software for chemical, petrochemical, and bulk-process customers — a near-pure overlap with Hexagon PPM's process-industry engineering analysis and operations portfolio.
• PTC: PTC (Creo, Windchill, ThingWorx, Creo+ SaaS CAD) competes directly in PLM, CAD, IIoT, and service lifecycle management for industrial OEMs and manufacturers, with comparable enterprise sales motion.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/hexagonppm
• Facebookfacebook.com/hexagonppm

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Hexagon PPM