Sanovi Technologies Launches Disaster Recovery Solution Specially Designed For Banks

New Sanovi DRM for Banking helps banks comply with statutory regulations; Offers automation, scalability and affordability, improved efficiency in operations

Delhi Aug 24, 2012: Sanovi Technologies, the market leader in Disaster Recovery Management (DRM) solutions introduced the Sanovi DRM for Banking, its specially designed IT DR solution for Banks. The new software complements the companys comprehensive Sanovi DRM Suite, helping banks automate their Business Continuity and Disaster Preparedness plan and comply with the regulations and guidelines set out by the Reserve Bank of India. This launch comes in the wake of the approaching one-year deadline set by the RBIs Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds (also known as the Gopalakrishna Committee) for implementation of their recommendations on Business Continuity Planning (BCP) in Banks. In its role as regulator for banking operations in the country, the RBI had issued its policy guideline contained in the report of the Working Group under the Chairmanship of Shri G. Gopalakrishna, Executive Director, RBI. The Committees report extensively covered BCP/DR standards that banks must strive for. RBI has made it mandatory for banks to deploy and demonstrate their business continuity and IT DR capabilities. Key points including such recommendations as - Banks must test their BCP/IT DR of critical applications regularly to ensure they are up to date and effective. It is recommended to test the individual components of the plan at least once a year (reference: Chapter 7, Section 3) - Banks should periodically move their operations including people, process and IT DR to the DR site (C7, S3) - Bank should consider having unplanned DR drills (C7, S3) - Banks must submit to RBI an annual statement describing their critical systems, their RTO (Recovery Time Objective) and the banks strategy to achieve it (C7,S4) - Bank must submit a quarterly statement reporting major failure of critical systems and customer segment and/or service impacted by this failure (C7,S4) - Banks must test medium and high impact process on a quarterly and half yearly basis IT application availability is of paramount importance in Banks. Big headline making events like the Mumbai floods of some years ago, or the most recent power grid failures in July 2012 that impacted 22 states highlight the need for banks to put in recovery capabilities that can enable banks to continue their services in spite of systemic failures. Sanovi worked with leading Indian banks to understand their regulatory and operational needs, and also consulted with RBI to understand the Gopalakrishna Committee report. A result of these efforts, Sanovi DRM for Banking is the first DR management product in the market that helps banks report on their Disaster Recovery capabilities and how they are meeting RBI regulatory requirements. The DRM solution also aids the banks in improving the availability of their services to their customers. Sanovi DRM for Banking provides all the features that will enable banks to address various recovery aspects as laid out in the Gopalakrishna Committee report. Sanovi DRM offers the following key features related to compliance with RBI requirements - RBI specific reporting module that offers readymade reports on the banks BCP test status, DR readiness capability, DR data integrity besides other standard reports on RPO and RTO

Ability to recovery at the application level or a component level enabling banks to test recovery capabilities of the complete application or at the component level Ability to capture and automate DR steps such that banks can test and recovery their critical operations Ability to monitor recovery metrics such as RPO and RTO for critical applications

The main business benefits to banks implementing Sanovi DRM are: reduced business exposure to IT outages, higher operational efficiency, adopt Industry best practices and enable an agile organization. Describing the Companys solution for banks, Lakshman Narayanaswamy, Sanovis co-Founder and Vice President of Products said, Demand for DR Automation Solutions is growing, as customers are looking for ways to reduce production downtimes, and perform successful DR Drills. Critical banking applications, such as core banking, internet banking and RTGS, where any stoppage due to natural calamities or human induced errors can result in major business impact for the bank that translates to financial loss and customer dissatisfaction. The inability to recovery critical IT application in a timely manner due to dependence on manual intervention can severely impact the banks operations. By implementing Sanovi DRM for Banking, banks can be assured that their critical IT applications will recover within set recovery SLAs and business impact due to outages is minimized. Added Ashis Guha, President Global Sales at Sanovi, The introduction of Sanovi DRM for Banking, specially engineered for Indian Banks and complying with local regulations marks another significant milestone for Sanovi and further validates our leadership in the DR solution space. Sanovi Technologies offers IT DRM software products that help enterprises automate their IT disaster recovery processes for business continuity through recovery readiness assurance. The India-founded, globally recognized Company has been positioned by Gartner as sample vendor for Recovery Exercising in the Gartner Hype Cycle for Business continuity Management and Disaster recovery Management, 2011.Sanoviproduct suite offers the most comprehensive feature set covering all aspects of DRM, as compared to other vendors. More than 80 large enterprises, many Fortune-500 companies among them as well as leading Indian banks are already using Sanovi products to manage their DR programs.

About Sanovi Sanovi Technologies offers IT Disaster Recovery Management (DRM) Software products that help small, medium and large enterprises automate their IT Disaster Recovery Processes benefitting the organizations through Recovery Readiness Assurance and Operational Efficiencies. Sanovis products help organizations standardize their DR solutions and deploy DR best practices. They help IT managers to provide transparent DR services to business groups, while enabling an agile DR infrastructure. Sanovi products overlay on top of the existing DR infrastructure including the HA and Replication systems and protect customer investments. More than 50 large enterprises including several fortune 500 clients are already using Sanovi products to manage their DR program. Sanovi solutions are available directly and through several partners including HP, HCL, and Wipro Technologies. For more information, visit www.sanovi.com. Media contact: Sakshi Aggarwal MelCole Public Relations (+91 11) 29834428, 9716971986 sakshi_aggarwal@melcole.com

Narayana Menon Sanovi Technologies (+91 80) 40762000 narayana.menon@sanovi.com