IBM acquires Indian cloud software specialist Sanovi Technologies

22 October 2016

IBM has acquired Sanovi Technologies, boosting its cloud focused data disaster, recovery and mitigation capabilities. The addition, once integrated, will provide the US giant with a more streamlined and automated resilience offering, says the firm.

Sanovi Technologies is a cloud migration, business continuity and IT recovery solutions provider, founded in 2003. The company uses a proprietary Application Defined Continuity (ADC) technology, whereby it can help clients manage workloads across physical, virtual and cloud infrastructures and deal with Disaster Recovery Management (DRM) capabilities among other things. The company, which has five offices across the globe, has over 350 customers including Fortune 500 companies.

IBM acquires Indian cloud software specialist Sanovi Technologies

The acquisition adds additional capacity to IBM’s offering in the space of disaster mitigation and recovery for clients undergoing digital and hybrid cloud transformation, primarily through the bolstering of Software Defined Resiliency strategy and delivery of Business Continuity and Disaster Recovery services.

Continued uptake of cloud-based services is introducing a range of new risks, including the loss of data to factors ranging from acts of god to hacking. Through the addition of Sanovi’s orchestration to the wider services offering developed by IBM, clients strengthen their resiliency portfolio while simultaneously simplifying the disaster recovery process, thereby allowing for reduced recovery time, operating costs, and disaster recovery drill testing time.

A statement from IBM regarding the acquisitions remarks, “With Sanovi’s software, IBM will further empower clients to redefine their disaster recovery strategy in the face of unprecedented industry change. From a central dashboard, resiliency professionals can automate and monitor recovery point and time objectives in their disaster recovery environments by application, server, or data base to work towards business driven recovery outcomes.”


More news on


IMAP advises on acquisition deal between major Indian iron ore players

18 April 2019

After submitting a bid of approximately $65 billion, Essel Mining – owned by the Aditya Birla Group – has acquired iron ore development firm Pro Minerals. The latter was advised throughout the transaction by a team from global corporate finance advisory firm IMAP, led by Managing Director & CEO Ashutosh Maheshvari. 

Pro Minerals has been operational for just under a decade, having been established in 2010.The firm was a collaborative venture between Hari Machines and Jyotirmoyee International, and has since evolved into a giant of the metals and minerals sector in India, not least due to its plant in Odisha.

The plant in the Eastern state of India has an annual iron-ore benfication cum pelletization output of 1 million tonnes, and was established with collaborative input from Allmineral in Germany and Primetals Technology from Austria. Nevertheless, the firm found itself in financial trouble in recent years.

After months of insolvency pressure, the firm was put up for acquisition by its financer Bank of Baroda, which has now accepted a bid from Essel Mining complete with a capital infusion that would settle the firm’s existing finances. Advice on the deal came from global corporate finance consultancy IMAP.

IMAP advises on acquisition deal between major Indian iron ore players

IMAP is a partner-owned firm that specialises in the mergers & acquisitions (M&A) domain, and supports firms that fall into the medium-sized category. The firm advises on the buy side as well as the sell side, and supports clients in as many as 200 transactions on an annual basis.

The firm also works with larger multinational firms across a variety of sectors, and deal sizes vary from $20 million to $300 million. In keeping with global trends, the majority of deals that IMAP was involved in last year were in the technology domain, although the latest one falls in the materials, chemicals & mining domain.

Essel Mining & Industries – a subsidiary of the Aditya Birla Group – is one of the most prominent iron-ore mining corporations in India, and holds the position as the largest producer of noble ferro alloys in India. The acquisition of Pro Minerals was supported by Ashutosh Maheshvari and a team of IMAP professionals.

Director at the firm Paresh Raja was also amongst the experts who advised on the deal. The transaction results in a 100% acquisition of Pro Minerals’ business operations.