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IBM has acquired Sanovi Technologies, a bangalore-based privately held company that provides cloud computing services.
The financial terms for the deal was not disclosed. Sanovi, founded in 2003, provides backup software technologies to global enterprises, as most of them seek to have their IT infrastructure backed up in case of any problem and due to regulatory overhang.
Upon closure, which is expected by the end of 2016, IBM plans to integrate the Sanovi capabilities into the IBM Global Technology Services unit, according to a company statement.
Martin Jetter, Senior Vice President, Global Technology Services, IBM said: “As a cloud-native company, Sanovi will strengthen our resiliency portfolio to manage the range of applications, data, and IT systems of our clients balancing digital and hybrid cloud transformation with increased regulatory compliance.
This is the first acquisition made by IBM since it acquired Daksh, a BPO company in 2004. IBM operates over 300 global delivery data centres and 46 IBM cloud data centres across 68 countries.
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