Sify
| 160px | |
| Traded as | NASDAQ: SIFY, FWB: SIFY |
|---|---|
| Industry | Internet |
| Genre | Information and Communication Technology |
| Founded | 12 December 1995[1][2] |
| Headquarters | Taramani,[2] Chennai, India |
|
Area served
|
India, United States of America, United Kingdom, Singapore, Dubai[2] |
| Products | Corporate network, Internet access, online portal, e-commerce, e-learning software[2] |
| Revenue |  US$172,530,000 (FY 2012)[2] |
|
Number of employees
|
2,104[2] |
| Website | sifycorp |
Sify (formerly Satyam Infoway Ltd.)[3] is an Indian information and communications technology company. It was a subsidiary of Satyam Computers before being sold to Infinity Capital Ventures.[4] Sify played an important role during the early spread of Internet and e-commerce in India.
History
In November 1999, Sify paid ₹122.20 crore for a 24.5% stake in IndiaWorld Communications. Later, it acquired the remaining shares for ₹325.40 crore on 30 June 2000.[3]
In 2000, Sify sponsored the India Olympics team.[5] In March 2001, Sify made an agreement with Makemytrip to run Sify's travel portal.[6] In January 2002, Sify announced prizes for most emails sent under a 6-week contest called "Sify Greenmail", promoting emails as an ecofriendly way of communication.[7]
Sify used to run the i-way chain of Internet cafes.[8] In 2002, Sify introduced wireless last mile connections with speeds up to 256 kbps.[9] By August 2003, it had over 1,000 i-Way cyber cafes in India.[10] In December 2003, Sify launched video-conferencing facilities in its Internet cafes.[11]
In 2004, Sify, with Level Up Games, launched a MMORPG.[12] 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 sold its remaining 31.61% shares in Sify to Infinity Capital Ventures, which is owned by Raju Vegesna, for US$62.62 million.[4]
References
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