Sify
Indian information technology company
Sify Technologies Limited (formerly Satyam Infoway) 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. Sify was founded and led to IPO by R. Ramaraj.
01History
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.
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 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 US$62.62 million.
Sources and credits
This article is adapted from the Wikipedia article “Sify”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
Images, from Wikimedia Commons:
- Sify.png by Sify, Public domain
Fathomly is not affiliated with or endorsed by the Wikimedia Foundation. Spotted a problem? Tell us.
