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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
2,104[2]
Website sifycorp.com

Sify (formerly Satyam Infoway Ltd.)[3] is an Indian 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 crore 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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80276 news items

CNNMoney

CNNMoney
Wed, 20 Jan 2016 04:56:15 -0800

20, 2016 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), headquartered in Chennai, India, a leader in Managed Enterprise, Network, IT and Applications services in India with global delivery capabilities, today announcedits consolidated ...

Sify News

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Tue, 09 Feb 2016 23:52:30 -0800

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GlobeNewswire (press release)
Wed, 13 Jan 2016 07:34:33 -0800

SANTA CLARA, Calif., Jan. 13, 2016 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), headquartered in Chennai, a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, today ...
 
Seeking Alpha
Wed, 20 Jan 2016 08:52:30 -0800

Sify Technologies (SIFY -5.7%) announced a 23% Y/Y revenue increase in FQ3 despite flooding in the company's capital city and seasonal headwinds. (Earnings release). Chairman Raju Vegesna: “I am happy to report that we performed well in a quarter that ...
 
Indiainfoline
Mon, 08 Feb 2016 17:24:18 -0800

Infosys, Wipro, Tata Motors, WNS were the losers, while Sify was only the gainer. Print Email. Save. Article saved successfully to my page. You must be Logged in to save article. News Newspaper Text. US stock indices recovered from sessions lows on ...
 
The Wall Street Transcript
Wed, 20 Jan 2016 05:18:45 -0800

Chennai, Wednesday, January 20, 2016: Sify Technologies Limited (NASDAQ: SIFY), a leader in Managed Enterprise, Network, IT and Applications services in India with global delivery capabilities, today announced its consolidated results under ...

Sify News

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Thu, 04 Feb 2016 07:00:00 -0800

New Delhi: A businessman from Visakhapatnam wrote an open letter to Delhi chief minister Arvind Kejriwal and sent a demand draft (DD) of Rs 364 asking him to buy a pair of shoes. In the letter, Sumit Agarwal has requested the Aam Aadmi Party chief not ...
 
The Daily Rover
Sun, 24 Jan 2016 14:41:15 -0800

Shares of Sify Technologies Limited (NASDAQ:SIFY) appreciated by 0.01% during the past week but lost 1.96% on a 4-week basis. The shares have underperformed the S&P 500 by 1.38% during the past week but Sify Technologies Limited (NASDAQ:SIFY) ...
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