Sanovi gets $6.1-m funding

BANGALORE: Sanovi Technologies Inc, business continuity and disaster recovery

solutions company announced today said that it closed a further $6.1 million

financing led by Advanced Technology Ventures (ATV).






The company plans to use its proceeds to expand its operations in North America
and India and also increase its R&D spend. Woburn, US-based Sanovi has a R&D

team in Bangalore, with support and service teams in New Delhi and Mumbai.






“ATV's investment in Sanovi proves our capability and delivery skills”, said
Srinivas Pothapragada, CEO of Sanovi Technologies.






“Continuity Management is a $5.3 Billion market and Sanovi has the first mover
advantage in offering a software product that assures continuity. Our Global

2000 customers are giving us very positive feedback on the product.”






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