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Sify

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Sify Technologies Limited
TypePublic company
IndustryInternet
GenreInformation and communications technology
Founded12 December 1995; 30 years ago (1995-12-12)[1][2]
FounderR. Ramaraj
Headquarters
Tharamani, Chennai, Tamil Nadu
,
India
Area served
Key people
  • Raju Vegesna (Chairman & managing director)
  • Vijay Kumar (CFO)
Products
RevenueIncrease ₹2,507 crore (US$260 million) (March 2018)[3]
Number of employees
2,655[4]
Websitewww.sifytechnologies.com

Sify Technologies Limited (formerly Satyam Infoway)[5] 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 was an early provider of Internet and e-commerce services 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.[6] Sify was founded and led to IPO by R. Ramaraj.

History

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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 March 2002, Sify made an agreement with Makemytrip to run Sify's travel portal.[8]

Sify used to run the i-Way chain of Internet cafes.[9] In 2002, Sify introduced wireless last mile connections with speeds up to 256 kbit/s.[10] By August 2003, it had over 1,000 i-Way cyber cafes in India.[11] In December 2003, Sify launched video-conferencing facilities in its Internet cafes.[12]

In 2004, Sify, with Level Up! Games, launched an MMORPG.[13] 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.[14]

See also

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References

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  1. 1 2 Anurag 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. Retrieved 24 July 2014.
  2. 1 2 3 "Sify Technologies Ltd. ADS". The Wall Street Journal. Archived from the original on 8 January 2018. Retrieved 24 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. Retrieved 28 April 2018.
  4. ↑ "Sify Technologies Company profile". Craft. Archived from the original on 26 September 2019. Retrieved 26 September 2019.
  5. ↑ "Satyam Infoway changes name to Sify Ltd". Rediff.com. 7 January 2003. Archived from the original on 13 August 2018. Retrieved 12 August 2018.
  6. 1 2 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.[dead link]
  8. ↑ "Makemytrip allies with Coke, Maruti, Sify – Travel portal targets 300% growth". Business Line. 28 March 2001. Retrieved 24 July 2014.[dead link]
  9. ↑ "New entrant in Internet service – BSNL to introduce broadband network in city". The Telegraph (India). 26 May 2004. Archived from the original on 29 July 2014. Retrieved 24 July 2014.
  10. ↑ "Last mile connection goes wireless". The Hindu. 11 April 2002. Archived from the original on 30 July 2003. Retrieved 24 July 2014.
  11. ↑ "Cyber café opened at IGI airport". The Hindu. 20 August 2003. Retrieved 24 July 2014.{{cite news}}: CS1 maint: deprecated archival service (link)
  12. ↑ "Sify launches video-conferencing". The Tribune. 10 December 2003. Archived from the original on 4 March 2016. Retrieved 24 July 2014.
  13. ↑ "PC games becoming more popular in Chennai". The Hindu. 2 May 2005. Archived from the original on 19 August 2006. Retrieved 24 July 2014.
  14. ↑ "Satyam sells Sify to Silicon Valley's Raju Vegesna". DNA India. 10 November 2005. Archived from the original on 29 July 2014. Retrieved 24 July 2014.
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