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Sify Technologies Ltd.
Traded as NASDAQSIFY, FWBSIFY
Industry Internet
Genre Information and Communication Technology
Founded 12 December 1995[1][2]
Headquarters Taramani,[2] Chennai, India
Area served India
Products Corporate network, Internet access, online portal, e-commerce, e-learning software[2]
Revenue Increase US$172,530,000 (FY 2012)[2]
Website sifycorp.com

Sify (formerly Satyam Infoway Ltd.)[3] is an information and communications technology company. It was a subsidiary of Satyam Computers before being sold to Infinity Capital Ventures.[4] Sify played an important role during the early spread of internet and e-commerce in India.

History[edit]

In November 1999, Sify paid 122.20 crore for a 24.5% stake in IndiaWorld Communications. Later, it acquired the remaining shares for 325.40 on 30 June 2000.[3]

In 2000, Sify sponsored the India Olympics team.[5] In March 2001, Sify made an agreement with Makemytrip to run Sify's travel portal.[6] In January 2002, Sify announced prizes for most emails sent under a 6-week contest called "Sify Greenmail", promoting emails as an ecofriendly way of communication.[7]

Sify used to run the i-way chain of internet cafes.[8] In 2002, Sify introduced wireless last mile connections with speeds up to 256 kbps.[9] By August 2003, it had over 1,000 i-Way cyber cafes in India.[10] In December 2003, Sify launched video-conferencing facilities in its internet cafes.[11]

In 2004, Sify, with Level Up Games, launched a MMORPG.[12] In June 2004, the Supreme Court of India set a legal precedent regarding domain names in the Satyam Infoway Ltd. v. Sifynet Solutions Pvt. Ltd. lawsuit.[1]

In November 2005, Satyam sold its remaining 31.61% shares in Sify to Infinity Capital Ventures, which is owned by Raju Vegesna, for US$62.62 million.[4]

References[edit]

  1. ^ a b Anurag K. Agarwal (2010). Business and Intellectual Property: Protect Your Ideas. Random House India. pp. 59–60. ISBN 978-81-8400-167-9. Retrieved 24 July 2014. 
  2. ^ a b c d "Sify Technologies Ltd. ADS". Wall Street Journal. Retrieved 24 July 2014. 
  3. ^ a b "Sify takes IndiaWorld with revised settlement". The Hindu Business Line. 3 July 2000. Retrieved 24 July 2014. 
  4. ^ a b "Satyam sells Sify to Silicon Valley's Raju Vegesna". DNA India. 10 Nov 2005. Retrieved 24 July 2014. 
  5. ^ "Satyam sponsors Olympic team". Tribune India. 26 August 2000. Retrieved 24 July 2014. 
  6. ^ "Makemytrip allies with Coke, Maruti, Sify -- Travel portal targets 300% growth". The Hindu Business Line. 28 March 2001. Retrieved 24 July 2014. 
  7. ^ "Help plant more trees through ‘Sify Greenmail’". Tribune India. 19 January 2002. Retrieved 24 July 2014. 
  8. ^ "New entrant in Internet service - BSNL to introduce broadband network in city". The Telegraph (India). 26 May 2004. Retrieved 24 July 2014. 
  9. ^ "Last mile connection goes wireless". The Hindu. 11 April 2002. Retrieved 24 July 2014. 
  10. ^ "Cyber cafe opened at IGI airport". The Hindu. 20 August 2003. Retrieved 24 July 2014. 
  11. ^ "Sify launches video-conferencing". Tribune India. 10 December 2003. Retrieved 24 July 2014. 
  12. ^ "PC games becoming more popular in Chennai". The Hindu. 2 May 2005. Retrieved 24 July 2014. 

External links[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Sify — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
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451 news items

 
Virtual-Strategy Magazine (press release)
Fri, 22 Aug 2014 08:11:15 -0700

MILPITAS, CALIF., Aug. 22, 2014 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, has been awarded the prestigious Golden ...
 
Hindu Business Line
Wed, 30 Jul 2014 09:56:28 -0700

Nasdaq-listed Sify Technologies has invested ₹300 crore to set up two new data centres in the wake of increasing demand for such services, a top company official said. The units, one each in Navi Mumbai (Maharashtra) and Noida (Uttar Pradesh), are tier ...
 
DATAQUEST
Tue, 19 Aug 2014 23:33:45 -0700

Over the year, Sify launched a host of infrastructure and application services to be delivered from their existing and new datacenters, which would lead its Sify 3.0 services, led growth in FY15. Business wise, telecom business grew by 73% over the ...
 
Business Wire India (press release)
Fri, 01 Aug 2014 06:18:45 -0700

Sify Technologies Limited (NASDAQ NM: SIFY), a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, today announced the launch of 'ClouDCentre', at Rabale (www.rabaledatacentre.com) Mumbai, ...
 
Crazy Joys
Sat, 23 Aug 2014 09:18:45 -0700

Sify Technologies Limited (NASDAQ:SIFY) has been awarded the prestigious Golden Peacock Award for the year 2014. The award was presented this evening in Chennai, India. On Friday shares of Sify Technologies Limited (NASDAQ:SIFY) ended up at ...
 
Businessworld
Tue, 29 Jul 2014 04:15:00 -0700

Sify Technologies Limited, a leader in network, IT and Software services, has announced its consolidated results under International Financial Reporting Standards (IFRS) for the first quarter of fiscal year 2014-15. Revenue for the quarter ended 30 ...

Kerala IT News

Kerala IT News
Thu, 31 Jul 2014 06:07:30 -0700

Chennai: Sify Technologies, a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, today announced the launch of 'ClouDCentre', a next-generation cloud-enabled Data Centre at Mumbai.
 
WallStreet Scope
Mon, 18 Aug 2014 04:13:04 -0700

On JULY 28, Sify Technologies Limited (NASDAQ:SIFY), a leader in Managed Enterprise, Network, IT and Software services headquarted in Chennai, India with global delivery capabilities, announced that further to the recommendation of the Board of ...
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