Sify
 |
|
| Traded as | NASDAQ: SIFY, : SIFY |
|---|---|
| Industry | Internet |
| Genre | Information and Communication Technology |
| Founded | 12 December 1995 |
| Headquarters | Taramani,Chennai, India |
|
Area served
|
India, United States of America, United Kingdom, Singapore, Dubai |
| Products | Corporate network, Internet access, online portal, e-commerce, e-learning software |
| Revenue |
 US$172,530,000 (FY 2012) |
|
Number of employees
|
2,104 |
| Website | sifycorp |
Sify Technologies Limited 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 is listed on NASDAQ as SIFY since 1999.
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 crore on 30 June 2000.
In 2000, Sify sponsored the India Olympics team. In March 2001, Sify made an agreement with Makemytrip to run Sify's travel portal. 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.
Sify used to run the i-way chain of Internet cafes. In 2002, Sify introduced wireless last mile connections with speeds up to 256 kbps. By August 2003, it had over 1,000 i-Way cyber cafes in India. In December 2003, Sify launched video-conferencing facilities in its Internet cafes.
In 2004, Sify, with Level Up Games, launched a MMORPG. 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.
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.
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