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Tata Communications, a leading provider of a new world of communications, today announced that it has reached an agreement to acquire British Telecom Group plc (BT) Mosaic business, which offers an on-demand digital media management platform that manages content and work-flow from production to distribution across collaborative market ecosystems.

The Mosaic business, with its service-oriented architecture, helps media customers improve cross-enterprise content creation, management and multi-format delivery. It enables enterprises to deliver innovative services that meet rapidly changing consumer demands, maintain and expand audience numbers and lower production costs. The new service is targeted at the entire spectrum of media customers encompassing production houses, emerging digital media publishers, content service providers, and TV channels.

"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. This enhances our existing portfolio of services that we are offering to the media and entertainment sector" said Vinod Kumar, President and COO, Tata Communications "By integrating our global network infrastructure and manage services portfolio, with Mosaic’s digital media management capabilities, we are now able to create a unique platform that can take care of content work-flow from production to distribution across the world."

The value of the unaudited gross assets that are the subject of this transaction was £0.5 million at 30 September 2009.

Source: Pressreleasepoint

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