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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.

9605 news items

 
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
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, 19 Mar 2015 09:31:27 -0700

Coffee Holding Company, Inc. (JVA) of the Consumer Goods sector has changed by 3.08% and at noon is trading with a volume of 21,327 shares with a volatility this week of 3.72%. Coffee Holding Company, Inc. (JVA) currently stands at $4.68, with a weekly ...
 
WallStreet Scope
Mon, 16 Mar 2015 04:59:12 -0700

Sify Technologies Limited (SIFY) closed sub average at the closing bell with a 7 day performance of -2.92% finishing the day at $1.33, down -0.75%. Traders sold at a volume of 20,680 shares. Sify Technologies Limited (SIFY) is at a quarterly ...
 
WallStreet Scope
Wed, 18 Mar 2015 09:45:58 -0700

Sify Technologies Limited (SIFY) of the Technology sector has changed by 2.05% and at noon is trading with a volume of 6,702 shares with a volatility this week of 4.64%. Sify Technologies Limited (SIFY) currently stands at $1.35, with a weekly ...
 
WallStreet Scope
Thu, 12 Mar 2015 09:22:45 -0700

Gray Television Inc. (GTN-A) of the Services sector has changed by 3.82% and at noon is trading with a volume of 1,895 shares with a volatility this week of 4.38%. Gray Television Inc. (GTN-A) currently stands at $11.69, with a weekly performance of 21 ...
 
WallStreet Scope
Tue, 03 Mar 2015 01:59:12 -0800

LB Foster Co. (FSTR) closed Monday at $49.31, a gain of 0.59% trading at a volume of 17,972 shares. LB Foster Co. (FSTR) is performing below average with a weekly performance of -0.04% and a quarterly performance of 3.05% trading against their 52 ...
 
Economic Times
Thu, 26 Mar 2015 18:21:38 -0700

In 1999, she joined Sify, one of India's earliest internet start-ups. She then spent 11 years at Citibank, in the mobile and internet business. Her last stint at Citi was as director and head of the digital business for India. Mantra for Success: "Be ...
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