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Sify

From Wikipedia, the free encyclopedia
Indian information technology company

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Sify Technologies Limited
Company typePublic company
IndustryInternet
GenreInformation and communications technology
Founded12 December 1995; 29 years ago (1995-12-12)[1][2]
FounderR. Ramaraj
Headquarters
Tharamani,Chennai, Tamil Nadu
,
Area served
Key people
  • Raju Vegesna (Chairman & managing director)
  • Vijay Kumar (CFO)
Products
RevenueIncrease₹2,507 crore (US$300 million) (March 2018)[3]
Number of employees
2,655[4]
Websitewww.sifytechnologies.com

Sify Technologies Limited (formerlySatyam Infoway)[5] is anIndianinformation and communications technology (ICT) company providingtelecom services,data center services,cloud &managed services, transformation integration services, and application integration services. Sify Technologies Limited played a role during the early spread of Internet ande-commerce in India. It has been listed onNASDAQ as SIFY since October 1999.Merrill Lynch was theunderwriter for Sify'sIPO on theNASDAQ.[6] Sify was founded and led to IPO by R. Ramaraj.

History

[edit]

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 theIndia Olympics team.[8] In January 2002, Sify announced prizes for most emails sent under a 6-week contest called "Sify Greenmail," promoting emails as an eco-friendly way of communication.[9] In March 2002, Sify made an agreement withMakemytrip to run Sify's travel portal.[10]

Sify used to run the i-Way chain ofInternet cafes.[11] In 2002, Sify introduced wirelesslast mile connections with speeds up to 256 kbit/s.[12] By August 2003, it had over 1,000 i-Way cyber cafes in India.[13] In December 2003, Sify launchedvideo-conferencing facilities in its Internet cafes.[14]

In 2004, Sify, withLevel Up! Games, launched anMMORPG.[15] In June 2004, theSupreme Court of India set a legal precedent regarding domain names in theSatyam 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, forUS$62.62 million.[16]

See also

[edit]

References

[edit]
  1. ^abAnurag K. Agarwal (2010).Business and Intellectual Property: Protect Your Ideas. Random House India. pp. 59–60.ISBN 978-81-8400-167-9.Archived from the original on 1 April 2024. Retrieved24 July 2014.
  2. ^abc"Sify Technologies Ltd. ADS".The Wall Street Journal.Archived from the original on 8 January 2018. Retrieved24 July 2014.
  3. ^""Sify registers 41% growth in Jan–Mar qtr"".The Times of India. 25 April 2018.Archived from the original on 12 June 2018. Retrieved28 April 2018.
  4. ^"Sify Technologies Company profile". Craft.Archived from the original on 26 September 2019. Retrieved26 September 2019.
  5. ^"Satyam Infoway changes name to Sify Ltd".Rediff.com. 7 January 2003.Archived from the original on 13 August 2018. Retrieved12 August 2018.
  6. ^abRao, 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. Retrieved24 July 2014.[dead link]
  8. ^"Satyam sponsors Olympic team".The Tribune. 26 August 2000.Archived from the original on 4 March 2016. Retrieved24 July 2014.
  9. ^"Help plant more trees through 'Sify Greenmail'".The Tribune. 19 January 2002.Archived from the original on 3 March 2016. Retrieved24 July 2014.
  10. ^"Makemytrip allies with Coke, Maruti, Sify – Travel portal targets 300% growth".Business Line. 28 March 2001. Retrieved24 July 2014.[dead link]
  11. ^"New entrant in Internet service – BSNL to introduce broadband network in city".The Telegraph (India). 26 May 2004. Archived fromthe original on 29 July 2014. Retrieved24 July 2014.
  12. ^"Last mile connection goes wireless".The Hindu. 11 April 2002. Archived fromthe original on 30 July 2003. Retrieved24 July 2014.
  13. ^"Cyber café opened at IGI airport".The Hindu. 20 August 2003. Archived fromthe original on 5 August 2014. Retrieved24 July 2014.
  14. ^"Sify launches video-conferencing".The Tribune. 10 December 2003.Archived from the original on 4 March 2016. Retrieved24 July 2014.
  15. ^"PC games becoming more popular in Chennai".The Hindu. 2 May 2005. Archived fromthe original on 19 August 2006. Retrieved24 July 2014.
  16. ^"Satyam sells Sify to Silicon Valley's Raju Vegesna".DNA India. 10 November 2005.Archived from the original on 29 July 2014. Retrieved24 July 2014.

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