MUMBAI, India and BURLINGAME, California, September 8 /PRNewswire/ --
- Member of the $62.5 Billion Tata Group Invests $11.5 Million in Award-Winning CDN Company
Tata Communications, a leading provider of a new world of communications, and BitGravity, Inc., a next-generation Content Delivery Network (CDN) for interactive broadcasting, announced today the worldwide launch of Tata Communications' CDN service powered by BitGravity. With more than 300 points of presence worldwide, Tata Communications now offers the first truly global CDN service on a state of the art, single ASN global IP network throughout Europe, Asia, North America and India.
Tata Communications, which announced a strategic partnership with BitGravity in March, 2008, has also invested $11.5 million in convertible debt in BitGravity, validating the company's content delivery platform as a key benefit in Tata Communications' value-added services offering. In turn, BitGravity has named Tata Communications' Chief Technology Officer, John Hayduk to its Board of Directors. Tata Communications' financial backing of BitGravity confirms Tata Communications' commitment to develop and offer innovative technology solutions to its global customers.
"The launch of Tata Communications' CDN service is a major milestone in our strategic roadmap to offer unparalleled managed services globally. We chose to work with BitGravity because it has the best architecture and technology to deliver high quality content and video," said Vinod Kumar, Chief Operating Officer, Tata Communications. "Together, Tata Communications and BitGravity's capabilities are a formidable force to deliver high quality content and video."
Tata Communications' next-generation CDN service, powered by BitGravity's technology, delivers the highest performance and reliability in the industry while providing immediate access to content, including High-Definition Video, without delay or jitter, and the highest levels of throughput for end users. Fast forwarding, cache clearing, resolution switching and rate throttling are just a few of the features that enable customers to build a robust and engaging application into a Flash Player.
"Video will soon become over 80% of the traffic on the Internet and content delivery will become strategic for every carrier. Carriers without a CDN strategy will inevitably become insignificant and will lose the economy of scale required to be competitive. This is a strategic endeavor for both Tata Communications and BitGravity and sends a bold message to the global CDN market," said Berge Avayzian, Chief Strategy Officer of Yankee Group.
"Global reach will be table stakes for content delivery and we are excited to receive funding and support from a strong strategic investor like Tata Communications that will enable us to effectively integrate our CDN architecture with their worldwide backbone and provide an unmatched user experience. Tata Communications' extensive relationships within and outside of the communications industry will accelerate the deployment and penetration of our innovative platform," said Perry Wu, CEO and co-founder of BitGravity.
Tata Communications' Tier 1 IP presence worldwide combined with BitGravity's leading technology provides an offering that is unmatched in user experience, performance, quality and reach around the world. Tata Communications is uniquely positioned to offer quality global delivery and support, which enables companies to outsource distribution of Video, Downloads, Music, Games and Multimedia without degradation from Paris to Hong Kong, Bangalore and the Silicon Valley.
"Two essential ingredients of a superior CDN service include a strong IP network providing higher performance, and an efficient, scalable file distribution technology," said Genius Wong, Tata Communications' Senior Vice President of Global IP and VPN Services. "The design of Tata Communications' CDN service has taken into account these key factors to come up with the industry's highest performance and reliable IPv4 and IPv6 CDN service."
Tata Communications' suite of offerings include Tata Communications CDN, a next-generation CDN designed for a wide range of applications providing the highest performance and reliability on a global scale; Tata Communications CDN Plus and CDN Secure, add value designed for the distribution and protection of media assets; and Tata Communications LiveBroadcast, a high quality, flash-based streaming service for broadcasters of live events.
For more information on Tata Communications CDN Service powered by BitGravity visit http://www.tatacommunications.com
About Tata Communications
Tata Communications, a member of the $62.5 billion Tata Group, is a leading global provider of a new world of communications. The emerging markets communications leader leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national and Indian enterprises, service providers and Indian consumers.
Tata Communications' range of services include transmission, IP, converged voice, mobility, managed network connectivity, hosting and storage, managed security, managed collaboration and business transformation for global enterprises and service providers, as well as Internet, retail broadband and content services for Indian consumers. The Tata Global Network encompasses one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 300 PoPs, and more than 1 million square feet of data center and co-location facilities.
Tata Communications' unique emerging market depth and breadth of reach includes a national fiber backbone network and access to network in over 60 cities and 125 PoPs in India, strategic investments in South African converged services operator, Neotel, Sri Lanka and Nepal and, subject to fulfillment of conditions precedent, a 50% ownership in China Enterprise Communications (CEC) providing full country VPN coverage in China.
Servicing customers from its offices in over 80 cities in 40 countries, Tata Communications is the number one global international wholesale voice operator and number one provider of international long distance, enterprise data and Internet services in India, the Company was named "Best Wholesale Carrier" at the World Communications Awards in 2006, "Best Pan-Asian Wholesale Provider" at the 2006 and 2007 Capacity Magazine Global Wholesale Telecommunications Awards and was awarded "Best Progress in Emerging Markets" at the 2008 Mobile Communication Awards.
Tata Communications Limited along with its global subsidiaries, (Tata Communications), is listed on the Bombay Stock Exchange and the National Stock Exchange of India and its ADRs are listed on the New York Stock Exchange. (NYSE: TCL)
http://www.tatacommunications.com
About BitGravity
BitGravity has built the first CDN for Interactive Broadcasting, which is optimized to deliver affordable, HD-quality video on demand, live broadcasts, and interactive applications for massive audiences on the Internet. BitGravity's patent-pending CDN is Tier 1, highly scalable, and delivers the performance that consumers want and expect, including streaming videos that play instantly, and live video with no buffering.
BitGravity is an award-winning technology provider in the content delivery space. The company has won numerous awards including DemoGod, LightReading's Service Company of the Year, Digital Hollywood 100, RedHerring 100 and AlwaysOn Hollywood 100. Built on top of BitGravity's patent-pending routing architecture, BitCast, BitGravity's services include BitGravity's High-Definition Content Delivery Service, BG Secure and BG LiveBroadcast, the Internet's first affordable, high-quality, massively scalable live product. The company is based in Burlingame, Calif., and is privately funded by Allen and Company, Tata Communications and other investors.
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications' expected financial position, business strategy, the future development of Tata Communications' operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications' network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company's communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications' industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications' control, include, but are not limited to, those risk factors discussed in Tata Communications' various filings with the United States Securities and Exchange Commission. These filings are available at http://www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.
Copyright (c) 2008 Tata Communications and BitGravity, Inc. All Rights Reserved. BitGravity, Bitcast, and BG LiveBroadcast are trademarks of BitGravity, Inc. All other marks are the property of their respective owners.
Media Contacts: Janice Goveas Tata Communications +91-92233-94575 Kristen Massaro STC Associates +1-347-272-8162 kristen@stcassociates.com Mari Mineta Clapp BitGravity +1-408-398-6433 mari@bitgravity.com
Media Contacts: Janice Goveas, Tata Communications, +91-92233-94575; Kristen Massaro, STC Associates, +1-347-272-8162, kristen@stcassociates.com; Mari Mineta Clapp, BitGravity, +1-408-398-6433, mari@bitgravity.com
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