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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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240 news items

 
MarketWatch
Thu, 09 Oct 2014 23:49:56 -0700

Further to 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. MP Vijay Kumar, Chief Financial Officer. Interested parties may participate by ...

Business Standard

Seeking Alpha (registration)
Thu, 16 Oct 2014 09:41:15 -0700

Good morning and welcome to the Sify Technologies Limited Conference Call. Following the earnings announcement for the quarter ended September 30, 2014. At this time, all participants are in a listen-only mode. A question-and-answer session will follow ...
 
NASDAQ
Fri, 17 Oct 2014 06:52:30 -0700

Sify Technologies Limited (Nasdaq:SIFY), a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities over a Tier I telecom backbone infrastructure in India, will visit the Nasdaq Market Site in Times Square.
 
Arizona Daily Sun
Sat, 27 Sep 2014 02:56:15 -0700

Like many of my friends, I opt to refresh my flower boxes and door wreaths in accordance with the seasons. It is so simple, quite inexpensive, and yet brings a whole new look to your home and heralds the resplendent colors of fall, an especially great ...
 
WallStreet Scope
Mon, 06 Oct 2014 07:12:28 -0700

iBio Inc. (NYSEMKT:IBIO) major shareholder Carl Desantis sold 138,710 shares of the company's stock on the open market in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $0.67, for a total ...
 
WallStreet Scope
Fri, 17 Oct 2014 03:40:17 -0700

Sify Technologies Limited (NASDAQ:SIFY) reported that its net profit for the second quarter of fiscal year 2014-15 declined 15% to 90 million Indian rupees, from 106 million rupees in the same quarter last year. Sify Technologies Limited (NASDAQ:SIFY) ...
 
WallStreet Scope
Wed, 29 Oct 2014 06:54:57 -0700

On October 16, Sify Technologies Limited (NASDAQ:SIFY) announced its consolidated results under International Financial Reporting Standards (IFRS) for the second quarter of fiscal year 2014-15. Revenue for the quarter ended September 30, 2014 was ...
 
Nasdaq
Thu, 30 Oct 2014 08:00:00 -0700

In Southern Asia, Indonesian telecommunications operator Telekomunikasi Indonesia (TLK) led the gainers, lifting 0.9%, followed by Indian bank HDFC (HDB), up 0.6% and Indian electronic commerce service company SIFY (SIFY), up 0.6%. WNS Holdings ...
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