What Nuvolo does

Nuvolo is a private, Newton, Massachusetts-based software company that provides a cloud-based Integrated Workplace Management System (IWMS) marketed as Nuvolo Connected Workplace. The platform is built natively on the ServiceNow platform as a certified Independent Software Vendor (ISV), with all applications developed and contained within the ServiceNow environment. Nuvolo's product suite comprises five core modules—Asset & Maintenance, Capital Planning & Projects, Real Estate & Portfolio, Space & Workplace, and Sustainability & Energy—supplemented by vertical-specific add-on products including HTM Asset Management (healthcare), GxP Asset Management and DAM-Q (life sciences), OT Security, ARMS (public sector), and Refrigeration Management (retail). The company maintains an extensive compliance portfolio (FedRAMP High ISV authorization, SOC 1/2/3 Type 2, ISO 27001, ISO 9001, CMMC Level 1, Section 508, and 21 CFR Part 11 / EU Annex 11 conformance), which functions as a barrier in regulated enterprise and government procurements.

Nuvolo operates a sales-led enterprise GTM targeting large organizations across healthcare, life sciences, public sector, retail, education, and diversified enterprise verticals. Revenue is generated primarily through annual SaaS subscriptions to the Connected Workplace platform and add-on products, with two major platform releases per year included in the subscription, supplemented by professional services for agile sprint-based implementation. Distribution occurs through direct enterprise field sales, the ServiceNow App Store, and certified implementation partners. Nuvolo is recognized as a Leader in the 2025 Verdantix Green Quadrant for Commercial Buildings CMMS. The company was acquired by Trane Technologies (NYSE: TT) in early 2026 and now operates as a Trane Technologies company, providing an integrated smart building and IWMS offering to Trane's commercial building customer base. Nuvolo's named customers include Vertex Pharmaceuticals, Parkland Health & Hospital System, SCL Health (now Intermountain Healthcare), Chevron, and Technopolis, and the company operates in the United States, India, Bulgaria, and the United Kingdom.

Name

Nuvolo

Legal name

Nuvolo, Inc.

Website

https://nuvolo.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

251–500 employees

Short description

Nuvolo provides a cloud-based Integrated Workplace Management System (IWMS) built natively on ServiceNow, offering asset, space, real estate, capital planning, and industry-specific compliance solutions for healthcare, life sciences, and enterprise customers. Recently acquired by Trane Technologies, it operates globally across the US, UK, India, and Bulgaria.

Ownership category

akta.pro rank

Product category

Integrated Workplace Management System (IWMS)

NAICS

Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Prepackaged Software (7372), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Workplace/Occupancy Data, Utilization & IWMS Administration (BPABAFAF)

Keywords

• Workplace management software
• Facilities management platform
• Enterprise asset management
• Space management software
• Building operations software

Headquarters

HQ city

Newton

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, Marketing or Sales, Operations, Infrastructure

Revenue model

1. IWMS Software Subscription: SaaS-based Integrated Workplace Management System subscription model. Customers subscribe to Nuvolo Connected Workplace platform and specific product modules (Asset & Maintenance, Space & Workplace, Real Estate & Portfolio, Capital Planning & Projects, etc.) deployed on ServiceNow platform. Subscription includes two major releases per year, patches, and support at no additional cost.
2. Professional Services: Implementation services including agile sprint-based methodology, configuration, and training. Provided by Nuvolo's professional services team or implementation partners.
3. Add-on Products: Additional subscription fees for industry-specific products including HTM Asset Management, GxP Asset Management, OT Security, DAM-Q, ARMS, Refrigeration Management, Stockroom & Inventory Management, and RS Means/SFG20 licenses.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Nuvolo sells the Connected Workplace platform, a cloud-based Integrated Workplace Management System (IWMS) built natively on the ServiceNow platform that enables enterprises to manage the full lifecycle of their assets, facilities, real estate, space, capital projects, and sustainability operations from a single solution. The platform is offered through SaaS subscriptions with five core modules (Asset & Maintenance, Capital Planning & Projects, Real Estate & Portfolio, Space & Workplace, Sustainability & Energy) plus industry-specific add-ons (HTM, GxP, OT Security, ARMS, Refrigeration Management, DAM-Q, Stockroom & Inventory). Nuvolo also generates revenue from professional services for implementation, configuration, and training.

Product overview

Nuvolo offers a unified Connected Workplace platform built natively on ServiceNow as an ISV. The platform consists of five core modules: Asset & Maintenance (for equipment lifecycle and maintenance management), Capital Planning & Projects (for capital project management from planning to execution), Real Estate & Portfolio (for lease administration, portfolio management, and transactions), Space & Workplace (for space management, reservations, and hybrid work), and Sustainability & Energy (for energy tracking and sustainability). Industry-focused add-on products include HTM Asset Management for healthcare, GxP Asset Management and DAM-Q for life sciences, OT Security for cybersecurity, ARMS for public sector, and Refrigeration Management. Stockroom & Inventory Management is available as an add-on for organizations with staffed stockrooms. Key features include Technician Workspace, Manager Workspace, IWMS Executive Dashboard, and Nuvolo AI for advanced analytics. The platform provides two major releases per year with new features and enhancements.

Differentiator

Problem solved

Functional benefit

Brands

• Connected Workplace: The flagship IWMS solution built to manage the full lifecycle of assets for any industry.
• Asset & Maintenance
• Capital Planning & Projects
• Real Estate & Portfolio
• Space & Workplace
• Sustainability & Energy
• HTM Asset Management
• OT Security
• GxP Asset Management
• DAM-Q
• ARMS
• Refrigeration Management

Products and services

• Connected Workplace Nuvolo's flagship IWMS platform that manages the full lifecycle of facilities, real estate, and workplace operations. Unifies workflows for IT, facilities, asset management, space, real estate, and project management on a single solution built natively on ServiceNow, targeting large enterprises across healthcare, life sciences, public sector, retail, and education.
• Asset & Maintenance Tracks and manages assets throughout their lifecycle to reduce downtime and improve performance. Includes planning and scheduling, work management, asset management, inventory management, and purchasing and receiving capabilities. Designed for enterprise facilities, maintenance, and operations teams.
• Capital Planning & Projects Manages the entire capital project lifecycle from planning and forecasting to execution and tracking. Includes bidding and sourcing workflows, projects/facilities handoff, budgeting, and financial management. For enterprises managing multi-year capital programs.
• Real Estate & Portfolio Manages properties, portfolio costs, and investment strategies for both leased and owned properties. Includes lease administration and accounting, portfolio management, and transaction management. For real estate and corporate real estate teams.
• Space & Workplace Creates efficient workspaces, manages resources effectively, and optimizes employee experience. Includes space management, move management, space demand forecasting, strategic space planning, and reservation management. For workplace experience and facilities teams.
• Sustainability & Energy Analyzes energy consumption patterns and tracks sustainability metrics across the portfolio. Helps organizations optimize, forecast, and reduce energy usage while meeting sustainability goals. For energy and sustainability teams.
• HTM Asset Management
• OT Security Ensures the safety, accessibility, and availability of operational technology (OT) devices. Automates cybersecurity response and coordinates remediation work across teams to resolve issues quickly. For OT and cybersecurity teams managing HVAC, cameras, sensors, and other non-IT devices.
• GxP Asset Management Manages both GxP and non-GxP assets in the same system for life sciences companies. Includes GxP Asset Reservation Workspace and Dynamic Checklists with conditional logic and electronic change records meeting 21 CFR Part 11 and EU Annex 11 requirements. For pharmaceutical and life sciences operations.
• DAM-Q Document and Records Management solution for life sciences organizations requiring GxP compliance and audit-ready documentation with electronic change records and controlled documentation.
• ARMS Asset and Resource Management solution for public sector organizations managing government facilities and assets with specialized compliance and regulatory requirements.
• Refrigeration Management Manages refrigerant compliance and sustainability initiatives with leak tracking, automated alerts, refrigerant inventory, and technician certification tracking. For retail and multi-location organizations with refrigeration equipment.
• Stockroom & Inventory Management Add-on product for staffed stockrooms providing functionality to reduce downtime, avoid stockouts, and streamline replenishment. Includes serialized parts, lot tracking with FIFO/LIFO support, and dedicated stock clerk experience. For organizations with staffed stockroom operations.
• Nuvolo AI AI platform that builds a connected data foundation to power AI capabilities across facilities and workplace operations, including Asset Lifecycle Analysis (aggregating Asset Type, Total Cost of Ownership, Mean Time Between Failures, and Operational Risk Scores) and predictive analytics.

Quantifiable outcome

• Estimated audit time decreased from about a week to a day
• +2 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature16 records

Partnerships

Two partnerships are on record, tiered core.

• Trane TechnologiescoreStrategic or Co-development Partner · 16 February 2026Trane Technologies, a major commercial building technology company, acquired Nuvolo. Nuvolo now operates as a Trane Technologies company providing integrated workplace management solutions that complement Trane's smart building and HVAC portfolio. The partnership enables integrated smart building solutions combining Nuvolo's IWMS platform with Trane's building management systems.
• ServiceNowcoreOEM/ Whitelabel/ Licensing PartnerNuvolo is an Independent Software Vendor (ISV) that builds its IWMS product on the ServiceNow platform. The applications are 100% developed within ServiceNow platform using ServiceNow development tools. All applications undergo rigorous certification (70+ requirements) and are available through ServiceNow App Store. ServiceNow provides all IaaS, PaaS, and SaaS infrastructure.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• IBM TRIRIGA: IBM's enterprise IWMS platform covering real estate, facilities, space, and capital project management. Most direct head-to-head competitor for large enterprises evaluating integrated workplace management software.
• Eptura: Workplace technology platform (formed by the merger of iOFFICE and other workplace apps) offering space management, IWMS, and maintenance solutions. Competes directly with Nuvolo in mid-to-large enterprise workplace deals.
• FM:Systems: Provider of IWMS and facility management software including space management, work order, and real estate modules. Closely comparable to Nuvolo across core IWMS capabilities and customer base.
• Accruent: Provider of facility and real estate management software including CMMS, capital project, and lease administration capabilities. Overlaps directly with Nuvolo's Asset & Maintenance and Capital Planning modules.
• Planon: European-headquartered IWMS vendor offering integrated solutions for real estate, maintenance, space, and sustainability management. Comparable in product breadth and enterprise target market.
• ARCHIBUS: Long-standing IWMS platform covering space, asset, maintenance, and real estate portfolio management. Direct competitor in traditional enterprise IWMS buying decisions.

Others

• ServiceNow (Now Platform): Underlying platform partner whose Now Platform hosts Nuvolo as an ISV. Not a direct competitor today, but represents platform concentration risk and a potential future entrant into native IWMS.

Broad incumbents

• Oracle Primavera / Oracle Aconex: Oracle's enterprise project, asset, and facilities management applications. Overlaps with Nuvolo's capital planning, project, and asset maintenance modules as part of Oracle's broader application suite.
• JLL (Corrigo) / JLL Technologies: JLL's facility management technology arm, including the Corrigo CMMS platform, offering integrated facilities and real estate technology as part of JLL's broader commercial real estate services portfolio.

Emerging players

• SpaceIQ: Cloud workplace and space management platform with a focus on space utilization, move management, and hybrid work. Partial overlap with Nuvolo's Space & Workplace module, primarily in mid-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/nuvolo_tech
• Facebookfacebook.com/nuvolotechnologies

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds5 records

Investors11 records

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

M&A

Investments

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

Frequently asked questions about Nuvolo