Some 20,000 square feet of commercial space currently leased by NUVO Network Management is on the sublet market, officials in Ottawa's real estate sector have told the OBJ.

NUVO, which specializes in remote management and protection of IT infrastructures, occupied suites on both the first and the second floors at 2650 Queensview Dr., a property currently owned by Metcalfe Realty Company Ltd.

Metcalfe property managers for 2650 Queensview declined to elaborate, and the company's website lists just one suite available for a total of 1,422 square feet. But sources have told the OBJ that NUVO's entire 20,000-plus square feet of offices will be on the market.

The fate of NUVO's 100-plus workers is not immediately known.

Calls and e-mails to officials at NUVO Networks were not returned. Calls and e-mails to Versata Enterprises Inc. – which acquired the Ottawa company for $17.65 million in February – were also not immediately returned.

According to the Spring 2008 edition of the Ottawa Technology Magazine, some 115 workers had jobs at the Ottawa facility.

In late 2007, a deal was struck by Austin, Texas-based Versata to acquire NUVO in an all-cash deal. The sale, which was finalized at the end of February after it was cleared by both the courts and NUVO's board, saw the publicly traded NUVO become private.

At the time, Randy Jacops, CEO of Versata Enterprises, said NUVO customers would benefit from Versata's global scale and enterprise software expertise, which wwould enable the company to enhance and accelerate product road maps and provide more options and services.

Phil Weaver, president and CEO of NUVO, said in December that he did not see overlap in what the two firms did, adding that NUVO would be able to help Versata reach out to its larger customers such as RBC and the Canadian government, and vice versa.

"(Versata) was very attracted to the strength of the team that we have," said Mr. Weaver, adding that the company "will continue to do what it's doing" at its Ottawa location.

"We have a certified operation centre here which services Canadian and U.S. clients and delivers to clients in 50-plus countries. It would be disruptive to make changes (to that arrangement)."

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