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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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Markets Bureau
Mon, 16 Feb 2015 21:24:10 -0800

Sify Technologies Limited (ADR) (NASDAQ:SIFY) has lost 0.74% during the past week and dropped 4.93% in the past 4 weeks. The shares are however, marginally negative as compared to the S&P 500 for the past week with a loss of 2.7%. Sify Technologies ...
 
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Sat, 14 Feb 2015 19:52:34 -0800

India Vs Pak Live Score Updates / Board Cricbuzz Starsports Yahoo NDTV Sify ESPN – ICC World Cup 2015: International Cricket Council Cricket World Cup (ICC WC 2015) has been left every one across the world with its fever over everyone. First day of the ...
 
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Wed, 18 Feb 2015 08:07:30 -0800

AK Steel Holding Corporation (AKS) of the Basic Materials sectorhas gained3.50% from opening today with a volume of 2,467,117 shares and volatility of 5.63%. AK Steel Holding Corporation (AKS) currently stands at $4.73, with a weekly performance of ...
 
Nasdaq
Thu, 26 Feb 2015 08:30:00 -0800

a provider of data, voice and analytical services, was up 3.1% while SIFY (SIFY), an internet services provider, gained 2.2%, and Indonesian telecommunications company Telekomunikasi Indonesia (TLK) gained 0.8%. Online business provider Rediff.com ...

Sify News

Sify News
Wed, 25 Feb 2015 12:03:45 -0800

Prime Minister Narendra Modi's recent speech on religious tolerance and communal amity has been welcomed by people of different faiths and cultures in the country. After being at the receiving end of extremist elements in the Sangh Pariwar following ...
 
Seeking Alpha
Tue, 20 Jan 2015 09:48:45 -0800

Good morning and welcome to the Sify Technologies Limited Conference Call following the earnings announcement for the quarter ended December 31, 2014. At this time, all participants are in a listen-only mode. A brief question-and-answer session will ...
 
Nasdaq
Mon, 23 Feb 2015 08:52:30 -0800

In Southern Asia, Rediff.com India (REDF), a provider of online business and consumer offerings, gained 1.1% while e-payment solutions provider MOL (MOLG) expanded 0.8% and internet services provider SIFY (SIFY) rose 0.7%. Sesa Sterlite (SSLT), a ...

Business Standard

Seeking Alpha (registration)
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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