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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.
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WallStreet Scope
Wed, 26 Nov 2014 02:52:30 -0800

Sify Technologies Limited (SIFY) of the Technology sector (Internet Service Providers) changed by 1.30% yesterday, a gain of 4.00% per share, a new low for the company. Sify Technologies Limited (SIFY) is currently at $1.56 with a market cap of 279 ...
 
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Wed, 19 Nov 2014 03:03:45 -0800

On last trading day Sify Technologies Limited (NASDAQ:SIFY) advanced 1.23% to close at $1.65. Its volatility for the week is 3.42% while volatility for the month is 3.75%. SIFY's sales growth for past 5 years was 11.20% and its EPS growth for past 5 ...

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Thu, 27 Nov 2014 03:03:45 -0800

Online professional certification courses provider Simplilearn has appointed Gerald Jaideep as its new Chief Operating Officer. He will earlier working with the company as a consultant since September last year. Prior to this, he had co-founded a ...
 
GlobeNewswire (press release)
Thu, 09 Oct 2014 23:45:00 -0700

MILPITAS, Calif., Oct. 10, 2014 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ NM: SIFY), headquartered in Chennai, India, a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities and a ...
 
NASDAQ
Fri, 17 Oct 2014 06:52:30 -0700

Sify Technologies Limited (Nasdaq:SIFY), a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities over a Tier I telecom backbone infrastructure in India, will visit the Nasdaq Market Site in Times Square.
 
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Wed, 29 Oct 2014 06:52:30 -0700

On October 16, Sify Technologies Limited (NASDAQ:SIFY) announced its consolidated results under International Financial Reporting Standards (IFRS) for the second quarter of fiscal year 2014-15. Revenue for the quarter ended September 30, 2014 was ...

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Thu, 16 Oct 2014 09:41:15 -0700

Good morning and welcome to the Sify Technologies Limited Conference Call. Following the earnings announcement for the quarter ended September 30, 2014. At this time, all participants are in a listen-only mode. A question-and-answer session will follow ...
 
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Fri, 20 Jun 2014 01:15:00 -0700

NASDAQ-listed Sify Technologies Ltd, a provider of managed enterprise, network, IT and software services, is shutting down its e-mail service starting next month. In a message posted on its website, the company said: “We regret to inform you that for ...
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