IBM signed a definitive agreement to acquire Bengaluru-based Sanovi Technologies
Bengaluru – Oct 27, 2016. RedNewswire/-
Sanovi Technologies is a Bengaluru-based company which provides hybrid cloud recovery, cloud migration and business continuity software for enterprise data centres and cloud infrastucture.
IBM has signed a definitive agreement to acquire Bengaluru-based disaster recovery solution provider Sanovi Technologies. However, the amount at which IBM acquired Sanovi remains undisclosed.
Sanovi was founded in 2003 which operates in the United States, the Middle East and Asia.
IBM plans to integrate the Sanovi capabilities into the IBM Global Technology Services unit.With Sanovi, IBM will further improve its Software Defined Resiliency strategy and delivery of Business Continuity and Disaster Recovery services for clients undergoing digital and hybrid Cloud transformation.
Martin Jetter, Senior Vice President, Global Technology Services, IBM said..
“As a Cloud-native company, Sanovi will strengthen our resiliency portfolio to manage the broad range of applications, data, and IT systems of our clients balancing digital and hybrid Cloud transformation with increased regulatory compliance.”
Chandra Sekhar Pulamarasetti, co-founder and CEO of Sanovi, said..
“IBM’s technology leadership in hybrid cloud infrastructure and resiliency services makes it a clear choice to bring end-to-end services to our customers and transformational value to IBM’s existing client base.”
“Together, we will provide next-generation resiliency solutions for robust hybrid cloud deployments across the globe,” he added.