Tata Communications to acquire US-based BitGravity
12 Jan 2011
Telecom services provider Tata Communications, a part of the Tata Group, today said that it is buying US-based BitGravity, a provider of network for content delivery (CDN) for interactive broadcasting.
Founded in 2006, BitGravity provides broadcast quality video delivery services for the Internet and built the first CDN for interactive broadcasting, optimised to deliver affordable, HD-quality video on demand, live broadcasts, and interactive applications for massive audiences on the internet.
Its LiveBroadcast is a flash-based streaming service that delivers a simple, robust solution for content providers.
Its competitors are Akamai, Limelight, Level 3 and Internap. Telecom major Bharti Airtel has a partnership with Limelight.
The California-based privately held company initially raised $13.5 million in two rounds of funding from angels and from Tata Communications.
In 2008, Tata Communications entered into a strategic alliance with BitGravity that included the licensing BitGravity's CDN technology and the federation of BitGravity's and Tata Communications' delivery networks.