Sify Technologies Limited (formerly Satyam Infoway)
is an
Indian information and communications technology
Information and communications technology (ICT) is an extensional term for information technology (IT) that stresses the role of unified communications and the integration of telecommunications (telephone lines and wireless signals) and computer ...
(ICT) company providing
telecom services,
data center services,
cloud &
managed services
Managed services is the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions, ostensibly for the purpose of improved operations and reduced budgetary expenditures through the ...
, transformation integration services, and application integration services. Sify Technologies Limited played a role during the early spread of Internet and
e-commerce
E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...
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.
Sify was founded and led to IPO by R. Ramaraj.
History
In November 1999, Sify paid crore for a 24.5% stake in IndiaWorld Communications. It acquired the remaining shares for crore on 30 June 2000.
In 2000, Sify sponsored the
India Olympics team.
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.
In March 2002, Sify made an agreement with
Makemytrip to run Sify's travel portal.
Sify used to run the i-Way chain of
Internet cafes.
In 2002, Sify introduced wireless
last mile connections with speeds up to 256 kbit/s.
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 an
MMORPG.
In June 2004, the
Supreme Court of India
The Supreme Court of India is the supreme judiciary of India, judicial authority and the supreme court, highest court of the Republic of India. It is the final Appellate court, court of appeal for all civil and criminal cases in India. It also ...
set a legal precedent regarding domain names in the ''
Satyam Infoway Ltd. v. Sifynet Solutions Pvt. Ltd.'' lawsuit.
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 million.
See also
* ''
Satyam Infoway Ltd. v. Sifynet Solutions Pvt. Ltd.''
*
Mahindra Satyam
References
External links
*
{{Telecommunication companies of India
Information technology companies of India
Companies established in 1995