IBM buys Bengalurubased hybrid cloud firm Sanovi Technologies
US software giant IBM on Thursday announced that it has signed a deal to acquire Bengaluru-based Sanovi Technologies for an undisclosed sum. The deal would enable IBM to bolster its Software Defined Resiliency strategy, delivery of Business Continuity and Disaster Recovery services for clients who are undergoing digital and hybrid cloud transformation.Sanovi Technologies is a privately held company that provides hybrid cloud recovery, cloud migration and business continuity software for enterprise data centres and cloud infrastructure, the company said in a statement.IBM plans to integrate Sanovi’s capabilities to its global technology services unit by the end of this year.”Our clients are embracing a digitised world where applications need to be ‘always-on.’ 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,” Martin Jetter, senior vice president, global technology services, IBM said.In addition, IBM also envisions leveraging Watson Analytics to expand Sanovi’s disaster recovery management (DRM) capabilities.”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,” Chandra Sekhar Pulamarasetti, co-founder and CEO of Sanovi added in the statement.Sanovi Technologies provides cloud migration, business continuity and IT recovery solutions. It has over 350 customers, including Fortune 500 companies, service providers and multi-billion dollar enterprises across vertical industries.