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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.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.

9677 news items

 
MarketWatch
Wed, 06 May 2015 06:07:30 -0700

Sify is among the largest integrated ICT Solutions and Services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common telecom data network infrastructure reaching more than 1300 cities and ...
 
Nasdaq
Wed, 13 May 2015 06:26:38 -0700

will begin trading ex-dividend on May 14, 2015. A cash dividend payment of $0.015599 per share Shareholders who purchased SIFY prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -6.2% decrease from the prior ...

Nasdaq

Nasdaq
Thu, 23 Apr 2015 06:07:30 -0700

SANTA CLARA, Calif., April 23, 2015 (GLOBE NEWSWIRE) -- Sify Technologies Limited (Nasdaq:SIFY), headquartered in Chennai, India, a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, today ...
 
WallStreet Scope
Fri, 22 May 2015 04:21:07 -0700

Sify Technologies Limited (SIFY) of the Internet Service Providers sector closed out the day Thursday at $1.39, a loss of -0.71% with a return on investment of 5.70% trading at a volume of 40,738 shares. Sify Technologies Limited (SIFY) is performing ...
 
WallStreet Scope
Fri, 15 May 2015 03:18:45 -0700

Sify Technologies Limited (SIFY) of the Technology sector finished above average at the close Thursday with a 7 day performance of -2.82% finishing the day at $1.38, a gain of 1.47%. Shares traded at a volume of 18,267 shares and relative volume of 0.3.
 
Stock Transcript
Sat, 25 Apr 2015 09:07:30 -0700

Sify Technologies Limited (NASDAQ:SIFY) belongs to Technology sector. Its net profit margin is 5.10% and weekly performance is 8.15%. On last trading day company shares ended up $1.46. Sify Technologies Limited (NASDAQ:SIFY) distance from 50-day ...
 
Stock Transcript
Mon, 27 Apr 2015 05:22:30 -0700

On 24 April, Sify Technologies Limited (NASDAQ:SIFY) shares moved down -8.75% and was closed at $1.46. SIFY EPS growth in last 5 year was 16.20%. Sify Technologies Limited (NASDAQ:SIFY) year to date (YTD) performance is 9.77%. On 23 April, Sify ...
 
WallStreet Scope
Tue, 12 May 2015 03:07:39 -0700

Sify Technologies Limited (SIFY) closed sub average on Monday with a 7-day performance of -2.13% closing at $1.38, down -1.43%. Wallstreet sold at a volume of 36,250 shares and relative volume of 0.64. Sify Technologies Limited (SIFY) is at a quarterly ...
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