<p>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.<br /><br />In 2008, Tata Communications had entered into a strategic tie-up with the company by investing USD 11.5- million which helped it bag clients like NDTV, Web18, Quick Heal Technologies and Nimbus Communications, the release said.<br /><br />However, details of the transaction, which was first announced on January 11, like total deal value, were not mentioned by the company.<br /><br />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.</p>
<p>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.<br /><br />In 2008, Tata Communications had entered into a strategic tie-up with the company by investing USD 11.5- million which helped it bag clients like NDTV, Web18, Quick Heal Technologies and Nimbus Communications, the release said.<br /><br />However, details of the transaction, which was first announced on January 11, like total deal value, were not mentioned by the company.<br /><br />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.</p>