Verantum and XOi Partner to Improve Asset Performance

Combining real-time building data with field operations to help operators detect issues earlier and reduce downtime

Apr. 14, 2026 at 12:53pm

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A highly detailed, glowing 3D illustration of interconnected digital infrastructure and hardware components in neon cyan and magenta, conceptually representing the integration of building data and field operations to improve asset performance.The partnership between Verantum and XOi aims to bridge the gap between building data and field operations, empowering commercial operators to better manage their assets and reduce downtime.Today in Nashville

Verantum, formerly Phoenix Energy Technologies, and XOi announced a partnership to help commercial operators better understand, maintain, and optimize asset performance across the systems that keep buildings running. The partnership brings together Verantum's real-time building and energy intelligence with XOi's asset intelligence captured at the jobsite—connecting system-level insight with work performed in the field. Together, the companies aim to close a long-standing gap between identifying issues and ensuring they are resolved consistently across large, distributed portfolios.

Why it matters

The partnership builds on Verantum's evolution beyond energy management to a broader focus on asset performance and lifecycle decision-making across commercial portfolios. By connecting building systems with field execution, Verantum and XOi aim to provide a more practical, data-driven approach to managing assets more effectively at scale, helping teams diagnose issues earlier, execute more consistently, and validate outcomes with greater confidence.

The details

The initial phase of the partnership focuses on improving asset visibility and decision-making by strengthening the underlying data that supports maintenance and replacement planning. Over time, the companies plan to expand integration between building data and field workflows, helping teams diagnose issues earlier, execute more consistently, and validate outcomes with greater confidence.

  • The partnership was announced on April 14, 2026.

The players

Verantum

Formerly Phoenix Energy Technologies, Verantum establishes sustained performance across energy-intensive assets and complex commercial portfolios by unifying building systems into a closed-loop operating framework that connects insight, coordinated execution, and verified outcomes over time.

XOi

XOi, the only data intelligence solution for the asset lifecycle, is purpose-built for the field service industry. XOi acquires, enriches, and surfaces asset data, connecting and delivering the right information to the right person at the right time.

Megan Runnion

Energy & Sustainability Manager at Ulta Beauty, who has seen the impact of Verantum's condition-based analytics in improving how Ulta manages HVAC health across its portfolio and supports technicians with clearer, more actionable insight.

Ryan Adelman

CEO of Verantum, who said the partnership is a practical example of Verantum's expanded remit—using condition-based data to standardize preventative maintenance, avoid emergency repair, and make repair/replace decisions more accurate and data-driven for facilities, real estate, and procurement teams across distributed portfolios.

Aaron Salow

CEO of XOi, who said the problem isn't a lack of data, but that it's scattered between systems and the jobsite, and that by connecting what buildings are telling you with what technicians are seeing and doing at the jobsite, this partnership helps operators act earlier, reduce downtime, and make better decisions about the assets they're responsible for.

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What they’re saying

“Condition-based analytics have improved how we manage HVAC health across our portfolio and support technicians with clearer, more actionable insight.”

— Megan Runnion, Energy & Sustainability Manager at Ulta Beauty

“Verantum exists to close the gap between insight and verified action. This partnership is a practical example of our expanded remit—using condition-based data to standardize preventative maintenance, avoid emergency repair, and make repair/replace decisions more accurate and data-driven for facilities, real estate, and procurement teams across distributed portfolios.”

— Ryan Adelman, CEO of Verantum

“The problem isn't a lack of data—it's that it's scattered between systems and the jobsite. By connecting what buildings are telling you with what technicians are seeing and doing at the jobsite, this partnership helps operators act earlier, reduce downtime, and make better decisions about the assets they're responsible for.”

— Aaron Salow, CEO of XOi

What’s next

The partnership comes as commercial operators face increasing pressure to improve performance across aging infrastructure, rising energy costs, and ongoing labor constraints. Verantum and XOi will showcase their partnership at the upcoming Connex FM Conference, where both companies will meet with commercial operators, facilities leaders, and service providers. Attendees will have the opportunity to see how the combined solution connects building data with field operations in real-world environments.

The takeaway

By connecting building systems with field execution, Verantum and XOi aim to provide a more practical, data-driven approach to managing assets more effectively at scale, helping teams diagnose issues earlier, execute more consistently, and validate outcomes with greater confidence.