digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

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, United States of America, United Kingdom, Singapore, Dubai[2]
Products Corporate network, Internet access, online portal, e-commerce, e-learning software[2]
Revenue Increase US$172,530,000 (FY 2012)[2]
Number of employees
1,58,535[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 e f "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.

11250 news items

 
Nasdaq
Mon, 27 Jul 2015 05:11:15 -0700

SANTA CLARA, Calif., July 27, 2015 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ:SIFY), headquartered in Chennai, India, a leader in Managed Enterprise, Network, IT and Applications services in India with global delivery capabilities, today ...
 
MarketWatch
Wed, 15 Jul 2015 05:56:15 -0700

Sify has an expanding base of Managed Services customers, both in India and overseas, and is India's first enterprise managed services provider to launch a Security Operations Center (SOC) to deliver managed security services. The software team ...

Nasdaq

Nasdaq
Wed, 22 Jul 2015 08:22:30 -0700

SANTA CLARA, Calif., July 22, 2015 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ:SIFY), headquartered in Chennai, India, a leader in Managed Enterprise, Network, IT and Applications services in India with global delivery capabilities, today ...

Sify News

Sify News
Wed, 29 Jul 2015 04:26:15 -0700

New Delhi: Curtains came down on the legal battle of 1993 Mumbai serial bomb blasts convict Yakub Memon as the Supreme Court dismissed his petition on Wednesday, seeking a stay of his execution slated for July 30 and quashing of death warrant.
 
American Trade Journal
Sun, 26 Jul 2015 12:38:46 -0700

Sify Technologies Limited (NASDAQ:SIFY) has lost 10.13% during the past week and dropped 11.25% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 8.1%. Sify Technologies Limited ...

VC Circle

VC Circle
Thu, 23 Jul 2015 02:00:00 -0700

Sify NASDAQ-listed Indian internet and IT services firm Sify Technologies Ltd has reported a 66 per cent rise in cloud and managed services services while its internet business grew by 16 per cent for the first quarter ended June 30 over the year-ago ...

Sify News

Sify News
Tue, 28 Jul 2015 09:47:00 -0700

The Tamil Nadu government on Tuesday declared a public holiday on July 30 as a mark of respect to former president A.P.J. Abdul Kalam who died on Monday. In a statement issued here, the government said it has decided to declare a public holiday on ...

Sify News

Sify News
Sun, 26 Jul 2015 23:11:15 -0700

New Delhi: A united team of eminent jurists, Members of Parliament, many leaders of different political parties, members of the legal fraternity, activists, filmmakers and actors have endorsed and submitted a petition to President Pranab Mukherjee ...
Loading

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight