Sify
{{short description|Indian information technology company}}
{{EngvarB|date=March 2020}}
{{Use dmy dates|date=March 2020}}
{{Advert|date=March 2020}}
{{Infobox company
| name = Sify Technologies Limited
| logo = Sify.png
| type = Public company
| traded_as = {{Unbulleted list|{{NASDAQ|SIFY}}|{{fwb|SIFY}}}}
| genre = Information and communications technology
| founded = {{Start date and age|df=y|1995|12|12}}{{cite web|title=Sify Technologies Ltd. ADS|url=http://quotes.wsj.com/SIFY/company-people|access-date=24 July 2014|website=The Wall Street Journal|archive-date=8 January 2018|archive-url=https://web.archive.org/web/20180108202450/http://quotes.wsj.com/SIFY/company-people|url-status=live}}
| founder = R. Ramaraj
| location_city = Tharamani, Chennai, Tamil Nadu
| location_country = India
| area_served = {{Unbulleted list|India|United States of America|United Kingdom|Singapore|Dubai}}
| industry = Internet
| key_people = {{ubl|Raju Vegesna (Chairman & managing director)|Vijay Kumar (CFO)}}
| products = {{Unbulleted list|Corporate network|Internet access|Online portal|e-commerce|e-learning software}}
| revenue = {{Increase}} {{INRConvert|2507|c}} (March 2018){{Cite web |url=https://timesofindia.indiatimes.com/business/india-business/sify-registers-41-growth-in-jan-mar-qtr/articleshow/63902249.cms |title="Sify registers 41% growth in Jan–Mar qtr" |website=The Times of India |access-date=28 April 2018 |archive-date=12 June 2018 |archive-url=https://web.archive.org/web/20180612095342/https://timesofindia.indiatimes.com/business/india-business/sify-registers-41-growth-in-jan-mar-qtr/articleshow/63902249.cms |url-status=live }}
| homepage = {{URL|https://www.sifytechnologies.com}}
}}
Sify Technologies Limited (formerly Satyam Infoway){{Cite web |date=7 January 2003 |title=Satyam Infoway changes name to Sify Ltd |url=http://www.rediff.com/money/2003/jan/07sify.htm |access-date=12 August 2018 |work=Rediff.com |archive-date=13 August 2018 |archive-url=https://web.archive.org/web/20180813004828/http://www.rediff.com/money/2003/jan/07sify.htm |url-status=live }} is an Indian information and communications technology (ICT) company providing telecom 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 and e-commerce in India. It has been listed on NASDAQ as SIFY since October 1999. Merrill Lynch was the underwriter for Sify's IPO on the NASDAQ.{{Cite book|last=Rao|first=Sidharth|title=How I Almost Blew it: Incredible Lessons from India's Most Successful Digital Entrepreneurs|publisher=Westland Publications Private Limited|year=2019|isbn=9789388754378|pages=268–269}} Sify was founded and led to IPO by R. Ramaraj.
History
In November 1999, Sify paid {{currency|122.20|INR}} crore for a 24.5% stake in IndiaWorld Communications. It acquired the remaining shares for {{currency|325.40|INR}} crore on 30 June 2000.{{cite news|title=Sify takes IndiaWorld with revised settlement|url=http://www.hindu.com/businessline/2000/07/04/stories/14043905.htm|access-date=24 July 2014|work=Business Line|date=3 July 2000}}
In 2000, Sify sponsored the India Olympics team.{{cite news|title=Satyam sponsors Olympic team|url=http://www.tribuneindia.com/2000/20000827/biz.htm#6|access-date=24 July 2014|work=The Tribune|date=26 August 2000|archive-date=4 March 2016|archive-url=https://web.archive.org/web/20160304002147/http://www.tribuneindia.com/2000/20000827/biz.htm#6|url-status=live}} 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.{{cite news|title=Help plant more trees through 'Sify Greenmail'|url=http://www.tribuneindia.com/2002/20020119/cth1.htm#18|access-date=24 July 2014|work=The Tribune|date=19 January 2002|archive-date=3 March 2016|archive-url=https://web.archive.org/web/20160303221832/http://www.tribuneindia.com/2002/20020119/cth1.htm#18|url-status=live}} In March 2002, Sify made an agreement with Makemytrip to run Sify's travel portal.{{cite news|title=Makemytrip allies with Coke, Maruti, Sify – Travel portal targets 300% growth|url=http://hindu.com/businessline/catalyst/2001/03/28/stories/1928d051.htm|access-date=24 July 2014|work=Business Line|date=28 March 2001}}
Sify used to run the i-Way chain of Internet cafes.{{cite news|title=New entrant in Internet service – BSNL to introduce broadband network in city|url=http://www.telegraphindia.com/1040526/asp/guwahati/story_3291881.asp|archive-url=https://web.archive.org/web/20140729173915/http://www.telegraphindia.com/1040526/asp/guwahati/story_3291881.asp|url-status=dead|archive-date=29 July 2014|date=26 May 2004|access-date=24 July 2014|work=The Telegraph (India)}} In 2002, Sify introduced wireless last mile connections with speeds up to 256 kbit/s.{{cite news|title=Last mile connection goes wireless|url=http://www.hindu.com/thehindu/seta/2002/04/11/stories/2002041100030300.htm|archive-url=https://web.archive.org/web/20030730190505/http://www.hindu.com/thehindu/seta/2002/04/11/stories/2002041100030300.htm|url-status=dead|archive-date=30 July 2003|access-date=24 July 2014|work=The Hindu|date=11 April 2002}} By August 2003, it had over 1,000 i-Way cyber cafes in India.{{cite news|title=Cyber café opened at IGI airport|url=http://www.hindu.com/2003/08/20/stories/2003082007680400.htm|archive-url=https://archive.today/20140805001015/http://www.hindu.com/2003/08/20/stories/2003082007680400.htm|url-status=dead|archive-date=5 August 2014|access-date=24 July 2014|work=The Hindu|date=20 August 2003}} In December 2003, Sify launched video-conferencing facilities in its Internet cafes.{{cite news|title=Sify launches video-conferencing|url=http://www.tribuneindia.com/2003/20031210/cth2.htm#9|access-date=24 July 2014|work=The Tribune|date=10 December 2003|archive-date=4 March 2016|archive-url=https://web.archive.org/web/20160304000154/http://www.tribuneindia.com/2003/20031210/cth2.htm#9|url-status=live}}
In 2004, Sify, with Level Up! Games, launched an MMORPG.{{cite news|title=PC games becoming more popular in Chennai|url=http://www.hindu.com/lf/2005/05/02/stories/2005050212290200.htm|archive-url=https://web.archive.org/web/20060819090952/http://www.hindu.com/lf/2005/05/02/stories/2005050212290200.htm|url-status=dead|archive-date=19 August 2006|access-date=24 July 2014|work=The Hindu|date=2 May 2005}} 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.{{cite book|author=Anurag K. Agarwal|title=Business and Intellectual Property: Protect Your Ideas|url=https://books.google.com/books?id=hp3kvvY3unMC&pg=PT59|access-date=24 July 2014|year=2010|publisher=Random House India|isbn=978-81-8400-167-9|pages=59–60|archive-date=1 April 2024|archive-url=https://web.archive.org/web/20240401063408/https://books.google.com/books?id=hp3kvvY3unMC&pg=PT59#v=onepage&q&f=false|url-status=live}}
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 {{currency|62.62|USD}} million.{{cite news|url=http://www.dnaindia.com/money/report-satyam-sells-sify-to-silicon-valleys-raju-vegesna-9316|title=Satyam sells Sify to Silicon Valley's Raju Vegesna|date=10 November 2005|work=DNA India|access-date=24 July 2014|archive-date=29 July 2014|archive-url=https://web.archive.org/web/20140729180832/http://www.dnaindia.com/money/report-satyam-sells-sify-to-silicon-valleys-raju-vegesna-9316|url-status=live}}
See also
References
{{reflist}}
External links
- {{Official website|www.sifytechnologies.com/}}
{{Telecommunication companies of India}}