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Tata Comm buys Mosaic from BT

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CIOL Bureau
New Update

BANGALORE, INDIA: Tata Communications has announced on Monday that it has agreed to acquire the Mosaic business - which offers an on-demand digital media management platform - of the British Telecom for an undisclosed amount.

Citing a press release from Tata Communications, a Business Standard report said that the unaudited value of the gross assets that are the subject of this transaction was £0.5 million (Rs 3.7 crore) on September 30, 2009.

“The acquisition of the Mosaic platform strengthens our global media and entertainment portfolio, with powerful cloud-based digital media management applications that can be accessed over the Web,” said Vinod Kumar, president and COO, Tata Communications.

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