iBuilding will apply "intelligent business technologies" to reducing utility costs and speeding tenant communications and improving other building operations, Gravina, cofounder of ATX Communications and boss of Evolve IP, said in a statement.
"We are actively pursuing targeted acquisitions in the marketplace now," to invest in tech upgrades, added Brandeis.
The deal will leave Forman to concentrate on his high-yield funds business, Franklin Square Capital Partners. "We merged the businesses together. I'm still involved at the board level," Forman told me. "Gary will run day-to-day and Tom G will be fairly active. I'm focused on Franklin Square and this let's me keep my hands in the business with folks I really respect."