Global computer services major IBM on Thursday it has signed a deal to acquire Bengaluru-based cloud recovery and migration software company Sanovi for an undisclosed sum.
IBM said that the acquisition will help to assure it’s clients of business continuity and disaster recovery when they shift their applications to the cloud.
“Our clients are embracing a digitized world where applications need to be ‘always-on’,” said Martin Jetter, senior vice-president, Global Technology Services, IBM in a statement. “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.”
IBM did not disclose the financial costs for the acquisition of the Bengaluru firm, which was started in 2003. Chandra Sekhar Pulamarasetti and his co-founder Vinod K began offering such services before cloud was a norm. IBM plans to also license the Sanovi disaster recovery management software as a stand-alone platform to customers.
“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 & chief executive of Sanovi. “Together, we will provide next-generation resiliency solutions for robust hybrid cloud deployments across the globe.”
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Source: Business-Standard