Octave

What Octave does

Octave is a publicly traded enterprise software company (Nasdaq: OCTV) headquartered in Madison, Alabama with a registered office in Dublin, Ireland, formed via the May 2026 spin-off of multiple Hexagon AB divisions. The company provides mission-critical software spanning the full asset lifecycle — Design (3D modeling, engineering analysis, schematics), Build (construction and supply chain management), Operate (asset performance management, quality assurance, operations intelligence), and Protect (public safety, physical security, industrial cybersecurity) — for asset-intensive organizations in aviation, transportation, utilities, manufacturing, oil & gas, government, and defense.

The platform comprises 20+ interconnected product suites including Forte, Facets, BricsCAD, GeoMedia, OnSite, Attune, Reliance, OnCall, Coda, and Cyber Integrity, with AI capabilities delivered via context-driven AI features, the Octave Aria product, and computer vision analytics embedded in the recently acquired VXG cloud video platform. Octave Federal serves U.S. government customers with FedRAMP-ready mission-critical security and geospatial intelligence solutions.

Octave generates revenue primarily through enterprise software subscriptions and licenses (~$1.1B ARR, ~9% growth in 2025), supplemented by professional services delivered via system integrators and technology partners. The company sells through a direct enterprise field-sales motion to approximately 4,500 customers across 140 countries — including 60%+ of Global Fortune 500 companies such as CERN, Novo Nordisk, EDFU, Noida International Airport, and Keolis India — supported by a global channel ecosystem and serving a serviceable addressable market projected at $28B in 2025, growing to over $40B by 2029.

Name

Octave

Legal name

Octave Intelligence plc

Website

https://octave.com

Company type

Public

Founded year

2025

Operating status

Ipo

Headcount range

1–10 employees

Short description

Octave provides mission-critical enterprise software spanning the full asset lifecycle — design, build, operate, and protect — to asset-intensive industries including aviation, transportation, utilities, manufacturing, and government, serving approximately 4,500 customers including 60%+ of Global Fortune 500 companies across 140 countries.

Ownership category

akta.pro rank

Product category

Enterprise Asset Management Software

NAICS

Software Publishers (513210), Software Publishers (5132)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Chronic Care & Remote Patient Monitoring (RPM) Platforms (HLALABAF)

akta.pro secondary industry

Multi-Condition RPM Platforms & Care Orchestration (device-agnostic, population management) (HLALAFAL)

Keywords

• Enterprise asset management
• Geospatial intelligence software
• Quality management systems
• Public safety software
• Construction project management

Headquarters

HQ city

Campbell

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Enterprise Software Licenses and Subscriptions: Software subscriptions and licenses for enterprise asset management, quality management, geospatial intelligence, public safety, and related mission-critical applications. Approximately $1.1 billion in annual recurring revenue.
2. Multi-Workflow Expansion: Cross-sell and upsell opportunities from existing customer base. Currently only 14% of customers use multiple workflows, representing significant expansion potential.
3. Professional Services: Implementation, customization, and consulting services delivered through system integrator and technology partner ecosystem.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Octave provides mission-critical enterprise software that empowers organizations to make informed decisions across every stage of the asset lifecycle. Its platform spans four core capabilities — Design (3D modeling, engineering analysis, schematics), Build (construction and supply chain management), Operate (asset performance management, quality assurance, operations intelligence), and Protect (public safety, physical security, industrial cybersecurity) — serving approximately 4,500 customers in 140 countries including 60%+ of the Global Fortune 500.

Product overview

Octave is a comprehensive enterprise software platform consisting of multiple interconnected product suites covering the entire asset lifecycle from design through construction to operation and protection. The platform-unifies-serves-as-a-platform-plus-modules architecture spanning: Schematics & 3D Modeling (Forte, Facets, NetWorks, BricsCAD), Engineering Analysis (Aspect, InConcert), Geospatial Intelligence (GeoMedia, Alto, Imagine), Construction & Supply Chain Management (OnSite, Loop), Project Performance (Sequence), Operations Intelligence & Quality Assurance (InService, Tempo), Asset & Performance Management (Attune, Reliance), Public Safety & Physical Security (OnCall, Coda), and Industrial Cybersecurity (Cyber Integrity). The portfolio was formed via spin-off from Hexagon AB in 2026, unifying the Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions along with acquired brands Bricsys, ETQ, and Projectmates. A specialized Federal division serves U.S. government customers.

Differentiator

Problem solved

Functional benefit

Brands

• Octave Federal: Government specialized division of Octave delivering public safety, geospatial intelligence and mission-critical security solutions to U.S. Government agencies, defense, intelligence communities and civilian agencies. FedRAMP-ready SaaS platforms.

Products and services

• Octave Attune Asset performance management and enterprise asset management (EAM) platform providing unified asset registry, preventive maintenance, operational readiness, and lifecycle planning for critical infrastructure including aviation, transportation, and industrial facilities.
• Octave Reliance Quality management system for compliance, document control, and quality assurance workflows, including the new Advanced Manufacturing Package connecting quality workflows to AIAG/VDA guidance and IATF 16949 standards.
• Octave OnCall Public safety platform for dispatch, records management, emergency response coordination, analytics, field mobility, and security, deployed to protect more than 1 billion people worldwide.
• Octave Coda Physical security and video management suite with AI-powered computer vision analytics and Video Surveillance-as-a-Service, encompassing designer, mobile client, orchestrator, spatial/LiDAR, video, video cloud, video analytics, and web client components.
• Octave Cyber Integrity

Quantifiable outcome

• Unplanned downtime costs world's 500 largest companies $1.4 trillion annually (11% of revenues)
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• IIIT HyderabadcoreStrategic or Co-development Partner · 22 May 2026Partnership with IIIT Hyderabad and HYSEA hosting TechForward Series on 'Industrial AI: The Data Challenge.' Over 200 industry leaders and academic researchers gathered to discuss industrial AI adoption challenges including fragmented data landscapes, legacy OT-IT integration barriers, and AI pipeline scaling.
• HYSEA (Hyderabad Software Enterprise Association)coreStrategic or Co-development Partner · 22 May 2026Co-hosting TechForward Series with IIIT Hyderabad to advance industrial AI innovation in Hyderabad and emphasize industry-academia collaboration for AI-ready data foundations.
• VXG Inc.coreTechnology or Integration · 1 June 2025Partnership initiated in June 2025 when Hexagon introduced cloud-based video management system built on VXG technology. Partnership evolved into full acquisition in May 2026, giving Octave full control of VXG's technology stack for future portfolio integrations.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Aveva Group: Aveva provides industrial software for plant design, engineering, and operations across oil & gas, chemicals, and power, overlapping directly with Octave's Forte, Facets, and operations intelligence suite. Both target the same asset-intensive engineering and operations workflows.
• Autodesk: Autodesk provides CAD, 3D modeling, BIM, and engineering design software (AutoCAD, Revit, Inventor) directly overlapping with Octave's Forte, Facets, BricsCAD, and Aspect product lines. Both target engineering and construction workflows for asset-intensive industries.
• Trimble: Trimble provides geospatial, construction, and agriculture technology overlapping with Octave's GeoMedia, Imagine, and OnSite construction management products. Both serve transportation, utilities, and government infrastructure customers with field-to-office workflows.
• PTC: PTC provides CAD (Creo), PLM (Windchill), and industrial IoT (ThingWorx) software directly overlapping with Octave's design, engineering, and asset performance portfolio. Both target discrete manufacturing and industrial customers.
• Esri: Esri is the dominant GIS and geospatial intelligence platform (ArcGIS) directly comparable to Octave's GeoMedia, Alto, and Imagine product lines. Both serve government, utilities, transportation, and defense customers with location intelligence.
• Bentley Systems: Bentley Systems provides infrastructure engineering software (OpenUtilities, OpenRoads, iTwin) directly comparable to Octave's NetWorks, GeoMedia, and asset performance management portfolio. Both serve transportation, utilities, and government infrastructure customers and a Bentley director sits on Octave's board.
• IBM (Maximo Application Suite): IBM Maximo is a leading enterprise asset management platform competing directly with Octave Attune. Both target utilities, transportation, manufacturing, and government customers with asset-intensive operations requiring preventive maintenance and lifecycle management.

Broad incumbents

• SAP: SAP's enterprise asset management and ERP suites overlap with Octave's Attune EAM offerings at the broader enterprise software level. While SAP operates across all industries, its asset management capabilities directly compete for the same CIO budget allocations.
• Hexagon AB: Hexagon AB is Octave's former parent company and still operates its Geosystems and Manufacturing Intelligence divisions. While Hexagon retains measurement and sensor businesses, both companies continue to compete in geospatial, metrology, and asset lifecycle software markets.
• Honeywell Forge: Honeywell Forge is Honeywell's industrial software platform serving process industries with asset performance management, digital twin, and operations optimization, comparable to Octave Attune, Tempo, and Aspect portfolios. Both target oil & gas, chemicals, and utilities customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/octavesystems
• Facebookfacebook.com/OctaveSystems
• LinkedInlinkedin.com/company/octaveintelligence

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Octave