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 A data center is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunications and storage systems. Since IT operations are crucial for busines ...

services,

cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles, suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may ...

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 The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

as SIFY since October 1999.

Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investm ...

was the

underwriter Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability ...

for Sify's IPO on the

. 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 A massively multiplayer online role-playing game (MMORPG) is a video game that combines aspects of a role-playing video game and a massively multiplayer online game. As in role-playing games (RPGs), the player assumes the role of a Player charac ...

. 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 Mahindra Satyam (formerly Satyam Computer Services Limited) was an Indian information technology (IT) services company based in Hyderabad, India, offering software development, system maintenance, packaged software integration and engineering ...

sold its remaining 31.61% shares in Sify to Infinity Capital Ventures, which is owned by Raju Vegesna, for million.

References

External links

* {{Telecommunication companies of India Information technology companies of India Companies established in 1995

History

See also

References

External links