After investing $11.5 million in content delivery network BitGravity Inc in 2008, Tata Communications has now acquired the California-based company for an undisclosed amount. Tata Communications Netherlands B.V. will own 100% of BitGravity Inc, which will operate as a wholly-owned subsidiary of Tata Communications.
Founded in 2006 by Perry Wu, a venture capitalist at ComVentures and Barrett Lyon, BitGravity raised a total of $13.5 million so far, from angel investors, boutique investment bank Allen & Company LLC and Tata Communications.
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