Sify
This article contains promotional content. (March 2020) |
| File:Sify.png | |
| Company type | Public company |
|---|---|
| Industry | Internet |
| Genre | Information and communications technology |
| Founded | 12 December 1995[1][2] |
| Founder | R. Ramaraj |
| Headquarters | , |
Area served | |
Key people |
|
| Products | |
| Revenue | Increase ₹2,507 crore (US$300 million) (March 2018)[3] |
Number of employees | 2,655[4] |
| Website | www |
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 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.[6] Sify was founded and led to IPO by R. Ramaraj.
History
[edit | edit source]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 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 with Makemytrip to run Sify's travel portal.[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 kbit/s.[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 an 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 also
[edit | edit source]References
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