Does it work in both company-managed and team-managed spaces?
Yes, rules act on work items in either kind of space.
One feature is narrower: query-based card colours are offered on company-managed boards only, because team-managed boards have no such setting.
Related pages
Installation and Setup Guide - where this is covered in full.
Board Card Colors - Visual Status - where this is covered in full.
Setup and Installation - more questions on this topic.
