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 October ,1999. Merill Lynch was the underwriter for Sify's IPO on the NASDAQ.[6] Sify was founded and led to IPO by R. Ramaraj.

sify Technologies Limited
Public company
Traded as
IndustryInternet
GenreInformation and communications technology
Founded12 December 1995; 24 years ago (1995-12-12)[1][2]
FounderR. Ramaraj
Headquarters
Tharamani, Chennai, Tamil Nadu
,
Area served
Key people
Kamal Nath (CEO)
Raju Vegesna (Chairman & managing director)
Vijay Kumar(CFO)
Products
RevenueIncrease 25.07 billion (US$350 million) (to March 2018),[3]
Number of employees
2,655[4]
Websitesifycorp.com

HistoryEdit

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][7]

In 2000, Sify sponsored the India Olympics team.[8] In March 2001, Sify made an agreement with Makemytrip to run Sify's travel portal.[9] 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.[10]

Sify used to run the i-way chain of Internet cafes.[11] In 2002, Sify introduced wireless last mile connections with speeds up to 256 kbps.[12] By August 2003, it had over 1,000 i-Way cyber cafes in India.[13] In December 2003, Sify launched video-conferencing facilities in its Internet cafes.[14]

In 2004, Sify, with Level Up Games, launched a MMORPG.[15] 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.[16]

See alsoEdit

ReferencesEdit

  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". The 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". Rediff.com. Retrieved 12 August 2018.
  6. ^ a b Rao, Sidharth (2019). How I Almost Blew it: Incredible Lessons from India's Most Successful Digital Entrepreneurs. Westland Publications Private Limited. pp. 268–269. ISBN 9789388754378.
  7. ^ "Sify takes IndiaWorld with revised settlement". Business Line. 3 July 2000. Retrieved 24 July 2014.
  8. ^ "Satyam sponsors Olympic team". The Tribune. 26 August 2000. Retrieved 24 July 2014.
  9. ^ "Makemytrip allies with Coke, Maruti, Sify – Travel portal targets 300% growth". Business Line. 28 March 2001. Retrieved 24 July 2014.
  10. ^ "Help plant more trees through 'Sify Greenmail'". The Tribune. 19 January 2002. Retrieved 24 July 2014.
  11. ^ "New entrant in Internet service – BSNL to introduce broadband network in city". The Telegraph (India). 26 May 2004. Retrieved 24 July 2014.
  12. ^ "Last mile connection goes wireless". The Hindu. 11 April 2002. Retrieved 24 July 2014.
  13. ^ "Cyber café opened at IGI airport". The Hindu. 20 August 2003. Retrieved 24 July 2014.
  14. ^ "Sify launches video-conferencing". The Tribune. 10 December 2003. Retrieved 24 July 2014.
  15. ^ "PC games becoming more popular in Chennai". The Hindu. 2 May 2005. Retrieved 24 July 2014.
  16. ^ "Satyam sells Sify to Silicon Valley's Raju Vegesna". DNA India. 10 November 2005. Retrieved 24 July 2014.

External linksEdit