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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,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.
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8773 news items

 
Stockhouse
Thu, 16 Apr 2015 08:11:15 -0700

In conjunction with the announcement, Sify will host a conference call at 8:30 AM ET with Mr. Raju Vegesna, Chairman of the Board, Mr. Kamal Nath, Chief Executive Officer and Mr. M P Vijay Kumar, Chief Financial Officer. Interested parties may ...

Sify News

Sify News
Sat, 18 Apr 2015 00:11:02 -0700

Kabul: A suicide bomb attack on a bank branch in the eastern Afghan city of Jalalabad has killed at least 33 people, officials said. Ahmad Zia Abdulzai, spokesman for the provincial governor in Nangarhar province, said on Saturday that more than 100 ...
 
WallStreet Scope
Thu, 16 Apr 2015 08:33:45 -0700

Sify Technologies Limited (SIFY) of the Technology sector has gained 2.14% from opening today with a volume of 37,114 shares and volatility of 5.31%. Sify Technologies Limited (SIFY) currently stands at $1.43, with a weekly performance of 7.810% and a ...
 
WallStreet Scope
Mon, 13 Apr 2015 01:48:45 -0700

Sify Technologies Limited (SIFY) of the Technology sector finished below average at the close Friday with a 7 day performance of -1.54% closing at $1.28, losing -3.03%. Shares sold at a volume of 45,470 shares and relative volume of 1.01. Sify ...
 
Stock Transcript
Mon, 13 Apr 2015 06:30:00 -0700

On 10 April, Sify Technologies Limited (NASDAQ:SIFY) shares fell -3.03% and was closed at $1.28. SIFY EPS growth in last 5 year was 16.20%. Sify Technologies Limited (NASDAQ:SIFY) year to date (YTD) performance is -3.76%. Cerner Corporation ...
 
WallStreet Scope
Fri, 27 Mar 2015 01:37:30 -0700

Sify Technologies Limited (SIFY) of the Technology sector finished superiorly yesterday with a weekly performance of 0.76% closing at $1.33, gaining 1.53%. Investors sold at a volume of 15,181 shares. Sify Technologies Limited (SIFY) is at a quarterly ...

WallStreet Scope

WallStreet Scope
Tue, 24 Mar 2015 01:15:00 -0700

Sify Technologies Limited (SIFY) from India performed poorly yesterday with a weekly performance of -1.50% finishing the day at $1.34, up 2.29%. Investors traded at a volume of 69,240 shares. Sify Technologies Limited (SIFY) is at a quarterly ...
 
WallStreet Scope
Thu, 16 Apr 2015 09:41:15 -0700

USD Partners LP (USDP) of the Services sector has changed by 2.89% and at noon is trading with a volume of 6,745 shares with a volatility this week of 2.99%. USD Partners LP (USDP) currently stands at $14.93, with a weekly performance of – 0.890% and ...
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