Sify Technologies Limited (formerly Satyam Infoway) is an Indian information and communications technology (ICT) company providing telecom services,

data center A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunic ...

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

as SIFY since October 1999.

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...

was the underwriter for Sify's

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

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 Videotelephony, also known as videoconferencing and video teleconferencing, is the two-way or multipoint reception and transmission of audio and video signals by people in different locations for real time communication.McGraw-Hill Concise Ency ...

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 ( IAST: ) is the supreme judicial authority of India and is the highest court of the Republic of India under the constitution. It is the most senior constitutional court, has the final decision in all legal matters ...

set a legal precedent regarding domain names in the ''

Satyam Infoway Ltd. v. Sifynet Solutions Pvt. Ltd. ''Satyam Infoway Ltd. v. Sifynet Solutions Pvt. Ltd.'' was the first case to be decided by the Supreme Court of India on the issue of domain name protection, and dealt with two businesses employing variations on the same mark ("Sify") in their r ...

'' 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.

References

External links

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

History

See also

References

External links