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India's Tata Invests In Video CDN BitGravity

Tata Communications, a global telecommunications provider based in India, announced Monday that it has invested $11.5 million in convertible debt in BitGravity, content delivery network specializing in distributing Internet video.

Tata Communications also introduced a CDN service powered by BitGravity, offering more than 300 points of presence in Europe, Asia, North America and India.

The telecommunications company announced a strategic partnership with BitGravity in March 2008. BitGravity has named Tata Communications chief technology officer John Hayduk to its board of directors.

Tata Communications is a member of the $62.5 billion Indian conglomerate Tata Group. Other investors in Burlingame, Calif.-based BitGravity include investment bank Allen & Co.