US IBM to buy Indian cloud computing firm Sanovi Tech
IBM on Thursday said it has signed an agreement to buy Indian IT firm Sanovi Technologies, which deals in cloud computing software. “As a cloud-native company, Sanovi will strengthen our resiliency portfolio to manage broad range of applications, data, and IT systems of our clients, balancing digital and hybrid cloud transformation with increased regulatory compliance,” said IBM Senior Vice-President (Global Technology Services) Martin Jetter.
Upon closure of the deal, which is expected by the end of 2016, IBM plans to integrate the Sanovi capabilities into the IBM Global Technology Services unit. Financial details of the deal were not disclosed. Sanovi Technologies provides hybrid cloud recovery, cloud migration and business continuity software for enterprise data centres and cloud infrastructure.
“Adding these capabilities along with advanced analytics will better enable IBM to bolster its software defined resiliency strategy and delivery of business continuity and disaster recovery services for clients undergoing digital and hybrid cloud transformation,” the statement said.
IBM will further empower clients to redefine their disaster recovery strategy in the face of “unprecedented industry change”. “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 Sanovi CEO, Chandra Sekhar Pulamarasetti.