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.
- 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.
- International Business Machines Corporation (commonly referred to as IBM) is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries.
- The company originated in 1911 as the Computing-Tabulating-Recording Company (CTR) and was renamed “International Business Machines” in 1924.
- IBM manufactures and markets computer hardware, middleware and software, and offers hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
- Inventions by IBM include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM).