Sanovi Technologies launches data recovery management application for banks

MUMBAI: Disaster data recovery management company Sanovi Technologies today launched a specialised application for the banking sector.

The company hopes to increase the share of banking in total revenues to up to 65 per cent this year from the 50 per cent year ago, its global sales head Ashis Guha said.

The company had posted revenues of under $ 5 million last year, he said, declining to give the exact number.

The new product will facilitate management of disaster recovery management (DRM) in a dedicated manner, he said.

Reserve Bank of India has mandated banks to carry out a periodical reveiew of their disaster recovery capabilities by switching on to the secondary data centres.

Sanovi competes with other vendors such as Symantec and VmWare in the market.