Hexagon AB Acquires Qognify from Battery Ventures

Octave Acquires VXG Inc

May 5, 2026

Cloud & SaaS

Octave, the planned software spinoff from Hexagon AB, announced it will acquire VXG Inc, a provider of enterprise-grade, cloud-native video management software. The deal is intended to strengthen Octave’s physical security software portfolio, leveraging VXG’s AI-enhanced cloud capabilities and hybrid deployment options.

Hexagon AB to Acquire Inertial Sense

November 10, 2025

Data & Analytics

Hexagon AB has entered into a definitive agreement to acquire Inertial Sense, a Utah-based developer of compact tactical-grade inertial navigation systems and GNSS+INS solutions. The acquisition is expected to close in the first half of 2026, subject to regulatory approvals, and will expand Hexagon’s assured positioning, navigation, and timing capabilities for aerospace, defense, robotics, and unmanned systems.

V2X Acquires QinetiQ U.S. Intelligence Business

September 24, 2025

Cybersecurity

V2X completed its acquisition of QinetiQ’s U.S. Intelligence business, which provides data engineering, intelligence mission support, and cyber solutions for the Intelligence Community. The transaction is valued at approximately $24 million net of estimated tax benefits and adds about 70 skilled professionals to V2X.

Synerion Acquires Qumulex to Add Cloud-native Video Surveillance and Access Control

October 7, 2024

IT Services

Synerion USA Inc., a cloud-based workforce management and access control software provider based in Southlake, Texas, has acquired Qumulex Inc., a cloud-native video surveillance and access control platform headquartered in Fishers, Indiana. The acquisition expands Synerion's physical-security and video surveillance capabilities and is intended to integrate Qumulex's cloud platform into Synerion's B2B technology offerings.

Qualys Acquires Assets of Blue Hexagon

October 4, 2022

Cybersecurity

Qualys, Inc. acquired the assets of AI/ML cybersecurity provider Blue Hexagon and will integrate Blue Hexagon’s deep-learning network detection capabilities into the Qualys Cloud Platform to provide predictive analytics and real-time threat detection. All Blue Hexagon employees joined Qualys, with Blue Hexagon CEO Nayeem Islam joining as VP of product management; the deal closed on October 4, 2022 and was paid mostly in cash with a portion in stock.

Hexagon AB Acquires ETQ

February 25, 2022

Cloud & SaaS

Hexagon AB acquired ETQ, a Massachusetts-based provider of SaaS quality (QMS), EHS and compliance management software, for $1.2 billion in cash on a debt- and cash-free basis. ETQ—headquartered in Burlington, Massachusetts with ~185 employees and expected 2022 revenue of ~$75M—will join Hexagon’s Manufacturing Intelligence division to accelerate Hexagon’s cloud journey and expand its quality-management capabilities across manufacturing and regulated industries.