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Sify

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Sify Technologies Limited
Company typePublic
IndustryInternet
GenreInformation and communications technology
FoundedDecember 12, 1995; 28 years ago (1995-12-12)[1][2]
Headquarters
Tharamani, Chennai, Tamil Nadu
,
India
Area served
Key people
Kamal Nath (CEO)
Raju Vegesna (Chairman & Managing Director)
Vijay Kumar(CFO)
Products
RevenueIncrease ₹2,507.12 crore (US$300 million) (to March 2018),[3]
Number of employees
2,655[4]
Websitesifycorp.com

Sify Technologies Limited (formerly Satyam Infoway)[5] is an Indian information and communications technology company providing end to end ICT solutions including telecom services, data center services, cloud & managed services, transformation integration services and application integration services. Sify Technologies Limited played an important role during the early spread of Internet and e-commerce in India. It has been listed on NASDAQ as SIFY since 1999.

History

In November 1999, Sify paid ₹122.2 crore for a 24.5% stake in IndiaWorld Communications. It acquired the remaining shares for ₹325.4 crore on 30 June 2000.[6]

In 2000, Sify sponsored the India Olympics team.[7] In March 2001, Sify made an agreement with Makemytrip to run Sify's travel portal.[8] 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.[9]

Sify used to run the i-way chain of Internet cafes.[10] In 2002, Sify introduced wireless last mile connections with speeds up to 256 kbps.[11] By August 2003, it had over 1,000 i-Way cyber cafes in India.[12] In December 2003, Sify launched video-conferencing facilities in its Internet cafes.[13]

In 2004, Sify, with Level Up Games, launched a MMORPG.[14] 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 Computer Services sold its remaining 31.61% shares in Sify to Infinity Capital Ventures, which is owned by Raju Vegesna, for US$62.62 million.[15]

See also

References

  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 "Sify Technologies Ltd. ADS". Wall Street Journal. Retrieved 24 July 2014.
  3. ^ "Sify registers 41% growth in Jan-Mar qtr"
  4. ^ "Sify Technologies Company profile". Craft. Retrieved 26 September 2019.
  5. ^ "Satyam Infoway changes name to Sify Ltd". www.rediff.com. Retrieved 2018-08-12.
  6. ^ "Sify takes IndiaWorld with revised settlement". The Hindu Business Line. 3 July 2000. Retrieved 24 July 2014.
  7. ^ "Satyam sponsors Olympic team". Tribune India. 26 August 2000. Retrieved 24 July 2014.
  8. ^ "Makemytrip allies with Coke, Maruti, Sify -- Travel portal targets 300% growth". The Hindu Business Line. 28 March 2001. Retrieved 24 July 2014.
  9. ^ "Help plant more trees through 'Sify Greenmail'". Tribune India. 19 January 2002. Retrieved 24 July 2014.
  10. ^ "New entrant in Internet service - BSNL to introduce broadband network in city". The Telegraph (India). 26 May 2004. Retrieved 24 July 2014.
  11. ^ "Last mile connection goes wireless". The Hindu. 11 April 2002. Retrieved 24 July 2014.
  12. ^ "Cyber cafe opened at IGI airport". The Hindu. 20 August 2003. Retrieved 24 July 2014.
  13. ^ "Sify launches video-conferencing". Tribune India. 10 December 2003. Retrieved 24 July 2014.
  14. ^ "PC games becoming more popular in Chennai". The Hindu. 2 May 2005. Retrieved 24 July 2014.
  15. ^ "Satyam sells Sify to Silicon Valley's Raju Vegesna". DNA India. 10 Nov 2005. Retrieved 24 July 2014.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Sify&oldid=917986978"