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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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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 ...
 
Technuter (blog)
Tue, 13 Jan 2015 13:09:41 -0800

Sify-logo Chennai, India, January 14, 2015: Sify Technologies Limited, a player in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, has announced that it will report its unaudited IFRS financial results ...
 
Ashburn Daily
Mon, 19 Jan 2015 23:52:30 -0800

Shares of Sify Technologies Limited (ADR) (NASDAQ:SIFY) rose by 2.16% in the past week and 1.43% for the past 4 weeks. For the past week, the counter has outperformed the S&P 500 by 3.44% and the outperformance increases to 4% for the past 4 weeks ...
 
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Thu, 22 Jan 2015 03:02:11 -0800

ZELTIQ Aesthetics, Inc. (ZLTQ) closed the session yesterday at $29.63, a loss of -2.69% trading at a volume of 460893 shares. ZELTIQ Aesthetics, Inc. (ZLTQ) is performing above average with a weekly performance of 6.20% and a quarterly performance of ...
 
Bar and Graph Report
Tue, 13 Jan 2015 21:15:00 -0800

Sify Technologies Limited (ADR) (NASDAQ:SIFY) Short interest is confirmed a change of -17.54% in the preceding 1-month. In the 3-month period, the short interest has registered a change of -10.62%. The latest short ratio is 2.23. A low short ratio ...
 
WallStreet Scope
Wed, 28 Jan 2015 10:11:15 -0800

Sify Technologies Limited (SIFY) of the Technology sector has a change from open of 2.17% and at noon is trading with a volume of 5,389 shares with a volatility this week of 5.94%. Sify Technologies Limited (SIFY) currently stands at $1.41, with a ...
 
WallStreet Scope
Mon, 12 Jan 2015 08:18:45 -0800

Sify Technologies Limited (SIFY) of the Technology sector has gained 7.30% from opening today with a volume of 227,554 shares and volatility of 4.02%. Sify Technologies Limited (SIFY) currently stands at $1.47, with a weekly performance of 1.460% and a ...
 
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Tofutti Brands Inc. (TOF) of the Consumer Goods sector has gained 2.68% from opening today with a volume of 28,761 shares and volatility of 9.71%. Tofutti Brands Inc. (TOF) currently stands at $6.52, with a weekly performance of 21.710% and a 52 week ...
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