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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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712 news items

 
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, ...
 
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 ...

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.
 
Seeking Alpha (registration)
Mon, 28 Jul 2014 10:26:15 -0700

Good morning and welcome to the Sify Technologies Limited Conference Call following the Earnings Announcement for the First Quarter Ended 30th June 2014. At this time, all participants are in a listen-only mode. A question-and-answer session will ...
 
Wall Street Journal
Mon, 21 Jul 2014 06:18:45 -0700

MILPITAS, Calif., July 21, 2014 (GLOBE NEWSWIRE) -- Sify Technologies Limited (Nasdaq:SIFY), headquartered in Chennai, India, a leader in Managed Enterprise, Network, IT and Software services with global delivery capabilities and a pioneer in ...
 
Voice & Data Online
Wed, 30 Jul 2014 03:18:45 -0700

M P Vijay Kumar, CFO, Sify Technologies, said, “Our revenues have shown healthy growth, while our EBITDA has not expanded at the same rate versus the same quarter last year, due to significant expenses on our new DCs and execution of a few large ...
 
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 ...
 
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 ...
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