Tata Comm completes buyout of US firm BitGravity

Telecom firm Tata Communications today announced the completion of its acquisition of the US-based content delivery network 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, according to a company release.

However, the company did not disclose details like the total deal value of the agreement, which was first announced on January 11.

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, the release added.

 

In 2008, Tata Communications had entered into a strategic alliance with BitGravity by investing $11.5 million, which helped it bag clients such as NDTV, Web18, Quick Heal Technologies and Nimbus Communications.