Octave Intelligence has officially launched as an independent public company, marking a new chapter for the Huntsville-based technology business following its separation from global technology firm Hexagon.
Octave’s Class B ordinary shares began trading May 28 on the Nasdaq Global Select Market in New York under the ticker symbol OCTV, just days after the company’s Swedish depository receipts started trading on Nasdaq Stockholm.
The listing follows the completion of Octave’s spin-off from Hexagon on May 22. The company, which maintains a significant presence in Huntsville, provides software and intelligence solutions used to manage critical infrastructure, including manufacturing facilities, transportation networks, utilities and public safety systems.
“Today marks a new day for our customers, employees and partners,” Octave CEO Mattias Stenberg said in announcing the public listing.
Stenberg said organizations responsible for major infrastructure systems often generate vast amounts of data that remain disconnected. Octave’s software platform is designed to connect that information and provide AI-driven insights to improve operations, resilience and decision-making.
The newly independent company enters the public market with a customer base that includes more than 60% of the Global Fortune 500, according to the company.
The Nasdaq debut comes less than a month after Octave unveiled a new quality management platform aimed at advanced manufacturers.
In May, the company launched the Reliance Advanced Manufacturing Package, a cloud-based quality management system designed for industries such as automotive, aerospace, heavy equipment and other highly regulated manufacturing sectors.
The platform is intended to help manufacturers better manage product quality, supplier oversight, compliance requirements and production processes through a single integrated system.
“Most manufacturers are still running quality on spreadsheets, ERP add-ons and siloed point solutions that fragment the quality picture,” said Vick Vaishnavi, head of Octave’s Reliance business unit.
The product launch reflects Octave’s broader strategy of connecting data across complex industrial operations, a market the company believes is becoming increasingly important as manufacturers face growing regulatory and quality demands.
Octave’s separation from Hexagon creates one of the largest publicly traded software companies focused exclusively on critical infrastructure, industrial operations and asset-intensive industries.
The company said it plans to continue expanding its connected intelligence platform as organizations increasingly rely on artificial intelligence, automation and data-driven decision-making to manage complex facilities and infrastructure systems.
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