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Tata Communications completes acquisition of BitGravity

Tata Communications completes acquisition of BitGravity
PTI
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First Published: Wed, Feb 16 2011. 04 09 PM IST
Updated: Wed, Feb 16 2011. 04 09 PM IST
Mumbai: Tata Communications, on Wednesday said that it has completed the acquisition of US-based content delivery network (CDN) provider, BitGravity.
The acquisition of BitGravity, which built the first video delivery network to deliver video on demand and live streams on the Internet, is a “logical next step” to enhance Tata Communications’ global CDN offering, the company said in a release.
In 2008, Tata Communications had entered into a strategic tie-up with the company by investing $11.5 million which helped it bag clients like NDTV, Web18, Quick Heal Technologies and Nimbus Communications, the release said.
However, details of the transaction, which was first announced on 11 January, like total deal value, were not mentioned by the company.
BitGravity’s chief executive and co-founder, Perry Wu, will continue to lead the existing team from its San Francisco office in conjunction with Tata Communications’ global CDN team, it said.
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First Published: Wed, Feb 16 2011. 04 09 PM IST