Tata Communications today said it had completed its acquisition of BitGravity, the San Francisco-based content delivery network it made its initial bid for in January.
BitGravity was a pioneer in video delivery market, and has been working with Tata since 2008 with the licensing of BitGravity's CDN technology and the federation of BitGravity's and Tata Communications' delivery networks. At the time, Tata also invested some $11.5 million in BitGravity. The deal allowed the Netherlands-based Tata to enter the market with its own global CDN in 2008 and has resulted in successful traction with media, content and gaming companies in Europe, Asia and India.
Tata today reiterated the acquisition was "a logical next step" in its bid to expend its worldwide CDN services.
BitGravity CEO and co-founder Perry Wu will continue to lead the company as a part of Tata Communications' global strategy.
No details on the deal were released.
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