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IBM acquires Sanovi Technologies to boost hybrid cloud

Economic Times:  October 28, 2016

New Delhi: American technology giant, IBM has acquired home-grown Sanovi Technologies to bolster its cloud offerings for an undisclosed sum. Bangalore based Sanovi provides hybrid cloud recovery, cloud migration and business continuity software for enterprise data centers and cloud infrastructure.

"Our clients are embracing a digitized world where applications need to be ‘always-on,’” said Martin Jetter, senior vice president, global technology services, IBM. “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,” Jetter added.

After the transaction is completed, which is expected by the end of 2016, IBM plans to integrate the Sanovi’s capabilities into its Global Technology Services unit. The company 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,” said Chandra Sekhar Pulamarasetti, co-founder and CEO of Sanovi. “Together, we will provide next-generation resiliency solutions for robust hybrid cloud deployments across the globe.”

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.