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Corporate News
Surya Buys US Analgesic
Drug Brand ActivOn
Chandigarh-based Surya Pharmaceutical Ltd, a premier
integrated pharmaceutical company in India, has
acquired ActivOn, a leading OTC analgesic drug brand
in the US, with global marketing rights.
The brand comes with the acquisition of Ameshire
Investment Corp, USA, through its 100 percent
subsidiary based out of Singapore. The company has
funded the investment of US$ 22 million through a mix of
internal accrual and debt financing from the Export
Import Bank of India.
ActivOn is a leading OTC analgesic brand in the topical
analgesic category in the US market. It is used to provide
relief of joint and muscle pain associated with arthritis,
backache, strains, bruises and sprains.
Through the acquisition, the company also adds to its
portfolio brands namely, PREFERON, FIRSTON and
RENEWIN. The company would also have the global
marketing rights for HEADON, another leading brand,
except USA.
Commenting on the
development, Hari
Om Bhatia, CEO,
Surya Pharma said,
“This acquisition will
not only entitle us to
ready shelf space
with leading retailers
like Walmart,
Walgreen, CVS, RiteAid, etc. but also will be instrumental
in establishing our presence in the US markets. Our
presence in the coming years will offer attractive
opportunity to launch our OTC/FMCG products, using
ActivOn's distribution set-up.”
Tata Comm Acquires
US CDN Firm BitGravity
Tata Communications announced that it has signed an marketplace and our ownership of BitGravity, we can
agreement to acquire BitGravity, a California-based now fully invest in the potential that exists around the
content delivery network (CDN).
globe and accelerate the delivery of new features and
services to our customers,” said Genius Wong, senior
BitGravity was one of the first companies to deliver highvice
president of Global Network Services, Tata
definition video on the Internet, high-definition live
Communications.
streaming, and other interactive applications. It has a
patent-pending network which can deliver HD-quality The alliance had enabled Tata to enter the market with its
video on demand, live streams, and interactive own global CDN and bagged work from companies like
applications for massive audiences over the Internet, the NDTV, IAH Games, Quick Heal Technologies and
company said on its web-site.
Nimbus Communications.
In 2008, Tata Communications entered into a strategic “As a combined entity, we can propel our position in the
alliance with BitGravity that included licensing of market, and the opportunity to accelerate on a
BitGravity's CDN technology. Tata had then invested significantly larger scale was one we couldn't pass up,”
$11.5 million in convertible debt in BitGravity. said Perry Wu, CEO and co-founder of BitGravity.
BitGravity, a privately held company located in
“Two years ago, we made an investment in BitGravity to
Burlingame, California, was founded in 2006 and
provide content delivery services for Tata
launched its services in 2008.
Communications. With the success we have seen in the
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