Sify
Sify (formerly Satyam Infoway Ltd.)[1] is an information and communications technology company. It was a subsidiary of Satyam Computers before being sold to Infinity Capital Ventures.[2] Sify played an important role during the early spread of internet and e-commerce in India.
History
In November 1999, Sify paid ₹122.2 crore for a 24.5% stake in IndiaWorld Communications. Later, it acquired the remaining shares for ₹325.4 on 30 June 2000.[1]
In 2000, Sify sponsored the India Olympics team.[3] In March 2001, Sify made an agreement with Makemytrip to run Sify's travel portal.[4] 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.[5]
Sify used to run the i-way chain of cyber cafes.[6] In 2002, Sify introduced wireless last mile connections with speeds upto 256 kbps.[7] By August 2003, it had over 1,000 i-Way cyber cafes in India.[8] In December 2003, Sify launched video-conferencing facilities in its internet cafes.[9]
In 2004, Sify, with Level Up Games, launched a MMORPG.[10] In June 2004, Supreme Courts set a legal precedent regarding domain names in the Satyam Infoway Ltd. v. Sifynet Solutions Pvt. Ltd. lawsuit.[11]
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.[2]
References
- ^ a b "Sify takes IndiaWorld with revised settlement". The Hindu Business Line. 3 July 2000. Retrieved 24 July 2014.
- ^ a b "Satyam sells Sify to Silicon Valley's Raju Vegesna". DNA India. Retrieved 24 July 2014.
- ^ "Satyam sponsors Olympic team". Tribune India. 26 August 2000. Retrieved 24 July 2014.
- ^ "Makemytrip allies with Coke, Maruti, Sify -- Travel portal targets 300% growth". The Hindu Business Line. 28 March 2001. Retrieved 24 July 2014.
- ^ "Help plant more trees through 'Sify Greenmail'". Tribune India. 19 January 2002. Retrieved 24 July 2014.
- ^ "New entrant in Internet service - BSNL to introduce broadband network in city". [The Telegraph (India). 26 May 2004. Retrieved 24 July 2014.
- ^ "Last mile connection goes wireless". The Hindu. 11 April 2002. Retrieved 24 July 2014.
- ^ "Cyber cafe opened at IGI airport". The Hindu. 20 August 2003. Retrieved 24 July 2014.
- ^ "Sify launches video-conferencing". Tribune India. 10 December 2003. Retrieved 24 July 2014.
- ^ "PC games becoming more popular in Chennai". The Hindu. 2 May 2005. Retrieved 24 July 2014.
- ^ 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.