Company Momentum Continues Following Acquisition of ProvenFM and Introduction of FMDB Product Family on ServiceNow

Roanoke, VA — May 07, 2025 — 

Nicus Software, Inc. (Nicus), a leading provider of enterprise IT Financial Management (ITFM) solutions, today announced its inclusion in the 2025 Gartner® Market Guide for IT Financial Management Tools as one of ten ITFM vendors worldwide.

As organizations continue to modernize IT finance operations, many are turning to purpose-built ITFM solutions to gain granular visibility into technology spending, improve cost allocation, and support strategic value narratives. According to Gartner, demand for ITFM platforms continues to grow, we believe driven by increasing cloud consumption, AI integration, and the need for defensible funding strategies in uncertain economic environments.

“Nicus is committed to helping CIOs, CFOs, and business leaders better manage the cost and value of IT,” said John Clark, CEO at Nicus. “We’re proud to offer one of the most comprehensive ITFM platforms available today—natively built on ServiceNow and now also available via Nicus Cloud. We believe our repeated inclusion in the Gartner Market Guide is another signal of the trust enterprise customers place in our platform and people.”

As enterprises confront shifting budget models and decentralized technology ownership, ITFM solutions like Nicus empower teams to move beyond spreadsheets and unlock multi-dimensional spend insights across infrastructure, applications, services, and business units. The Nicus ITFM Platform is purpose-built to accelerate decision making and deliver the financial transparency needed to optimize technology value.

In addition to the Nicus ITFM Platform, Nicus recently introduced FMDB—a family of focused ITFM products built natively on ServiceNow. FMDB enables organizations to quickly address specific ITFM use cases such as asset total cost of ownership (TCO), application rationalization, and service costing. By offering a modular, scalable foundation, Nicus supports a crawl-walk-run approach that helps teams realize value early and expand capabilities over time.

At this year’s ServiceNow Knowledge 2025 event, Nicus is also showcasing a new Finance AI Agent, designed to simplify data exploration and enhance financial storytelling for IT, finance, and business users.

Access the Market Guide

Nicus is offering a complimentary copy of the 2025 Gartner Market Guide for IT Financial Management Tools to help organizations evaluate options and trends in this rapidly evolving space.

 

Gartner, Inc. Market Guide for IT Financial Management Tools. Robert Naegle. 28 April 2025.  GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the  U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Media Contact

Gavin Drake

About Nicus

Nicus delivers clarity, control, and confidence in every technology investment, helping leaders maximize the value of technology spend across the enterprise. Our IT Financial Management (ITFM) and Modern Technology Business Management (Modern TBM) solutions are delivered natively on the ServiceNow platform, enabling organizations to transform complexity into actionable insight. Trusted by Fortune 2000 companies, Nicus empowers IT, finance, and business leaders to make smarter decisions, optimize spend, and drive better business outcomes. Learn more at www.nicus.com.

 

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