Tata Communications to acquire US-based BitGravity

BitGravity to become wholly-owned subsidiary of Tata communications

PTI | January 12, 2011



Tata Communications today said it has entered into an agreement to acquire BitGravity, which provides network for content delivery over the Internet, for an undisclosed amount.

Terms of the transaction or the deal size were not disclosed.

Upon completion of the transaction, Tata Communications (Netherlands) will own 100 per cent BitGravity, which will operate as a wholly-owned subsidiary of the former, Tata Communications said in a filing to the Bombay Stock Exchange.

In 2008, Tata Communications had entered into a strategic partnership with BitGravity for licensing content delivery network (CDN) technology and federation of networks of both entities.

Tata Communications also made an investment of USD 11.5 million in the company.

The alliance allowed Tata Communications to enter the market with its own global CDN in 2008 and has resulted in successful traction with media, content and gaming companies like NDTV, IAH Games, Quick Heal Technologies and Nimbus Communications across Europe, Asia and India.

"With the success we've seen in the marketplace and our ownership of BitGravity, we can now fully invest in the potential that exists around the globe and accelerate the delivery of new features and services to our customers," Tata Communications Senior VP (Global Network Services) Genius Wong said.

US-based BitGravity is a privately held company, which was founded in 2006, and launched its services in 2008.

BitGravity initially raised a total of USD 13.5 million in two rounds of funding from angel investors and Tata Communications.

 

Comments

 

Other News

Doctors, experts call for ban on junk food ads, mandate warning labels

More than 30 doctors, medical scientists and public health professionals have urged the government to take decisive action against the aggressive advertising and marketing of junk food, calling for a watershed ban on advertisements for foods high in fat, sugar and salt (HFSS) and ultra-processed foods (UPF

Asiatic Lion population rises from 523 in 2015 to 891 in 2025

On World Lion Day 2026, environment, forest and climate change Minister  Bhupender Yadav celebrated India’s remarkable journey in lion conservation and reaffirmed the country’s unwavering commitment to protecting wildlife and biodiversity.   In a post on soc

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

GI tags: Scaling traditional wealth into global brands

Geographical Indication (GI) tags have emerged as a powerful tool for protecting India`s cultural heritage, while creating economic opportunities for local communities. By linking products to their place of origin, GI tags preserve traditional knowledge, prevent misuse, and enhance consumer trust. They h

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter