EtQ

About EtQ

Founded in 1992, EtQ (Excellence through Quality) provides a software platform for Quality Management Systems (QMS), Environmental, Health, and Safety (EHS), and compliance management. The company was acquired by private equity firm TCV in 2017, which accelerated its growth and strategic realignment. In February 2022, Hexagon AB acquired EtQ for $1.2 billion, integrating it into its Manufacturing Intelligence division to connect quality data from metrology systems with EtQ's software. EtQ's core product is Octave Reliance (formerly ETQ Reliance), a SaaS-based, multi-tenant platform. It is designed to automate and streamline quality and compliance processes for enterprise clients. The software is modular and configurable, with key applications for Document Control, Corrective and Preventive Actions (CAPA), Audit Management, Risk Management, and Supply Chain Quality. Reliance serves as a centralized data backbone, enabling organizations to manage and measure compliance processes, identify risks, and drive continuous improvement. The company targets a diverse set of highly regulated industries, including life sciences, manufacturing, automotive, electronics, food and beverage, and healthcare. Its business model is primarily based on SaaS subscriptions, with its cloud-native platform accounting for a significant portion of its growth. As of 2025-2026, EtQ has become part of Octave, a new, publicly traded company spun-off from Hexagon AB. This move positions EtQ within a larger pure-play software entity focused on turning complex operational data into actionable intelligence across the asset lifecycle. The spin-off was completed in the first half of 2026, with Octave listed on Nasdaq under the ticker OCTV.