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South Bend-based GramTel USA Inc. has been acquired by Cincinnati Bell Inc. for about $20 million. GramTel, which was a unit of Chicago-based Jordan Industries Inc., provides disaster recovery, data backup and related services. It expects to post revenue of about $5 million for 2007, a 73-percent increase from 2006. In early December, Cincinnati Bell […]

Officescape, an Indianapolis-based provider of technology for offices, has bought BMS, a broadband management service, from Telamon Corp. in Carmel for an undisclosed price. Officescape said the transition would be seamless, and that the nine BMS workers would be offered jobs. Headquartered at 8910 Purdue Road on the northwest side, locally owned Officescape has 20 […]

A giant Australian shopping mall company with four Indianapolis properties has put itself up for sale after a buying spree of U.S. malls drove it into financial problems. Centro Properties Group said today it is “evaluating options” to secure its financial viability. The company has a deadline of Feb. 15 to refinance $3.4 billion in […]

The Piano Merchant is closing after almost 22 years in business at the corner of 54th Street and College Avenue, IBJ’s Property Lines blog reports. One of the three partners is ill and another is ready to retire, said Doug Lawson, the store’s general manager and the third partner. The group closed its Carmel store […]