(Updated) It’s Official: Tata Communications Acquires BitGravity
Tata Communications announced this morning that it has agreed to acquire privately held content delivery network BitGravity. As I reported last week, the two sides has been working on a deal for some time and while terms of the deal were not announced, I will get some details on the numbers and update this post shortly. Once the deal is complete, BitGravity will operate as a wholly-owned subsidiary of Tata Communications. You can learn more about Tata's CDN business here.
Updated: I've spoken with a few folks and estimate the size of the deal to be around $35M.