Sify Technologies Limited (formerly known as Sify Limited and Satyam Infoway Limited ) (NASDAQ: SIFY) is a major ISP company based in Chennai, India. It is a large internet network provider in India, with a wide array of internet based services including (a) Internet based Virutal private net works for business/other enterprises (b) Hosting services for business/other enterprises (c) Broadband internet access for businesses and homes (d) Dial up internet access for homes (e) Public internet access points through a chain of franchised cybercafes (f) www.sify.com a web portal that includes popular sites such as www.samachar.com
Sify'portal www.sify.com includes popular sites acquired from Indiaworld.
Company Profile
Sify is one of the most popular Internet service providers in India. It was rated as one of "The ten top technology companies world-wide recommended for investment" by Fortune in 1999[1].
Sify was an early pioneer in India in setting up internet portals (then www.satyam-infoway.com; now www.sify.com). When internet access was opened to private sector (until then the state run VSNL had a monopoly in providing internet access), Sify became the first private sector player to offer internet access. It leased international bandwidth from global vendors, domestic connectivity from telecom players and set up last mile connectivity by multiple methods: wi-fi connections using roof top antennae, copper connections using phone lines or cable tv connections. Sify also started providing internet network connectivity for business enterprises in India. Sify took internet to the masses in India by setting up a chain of franchised internet cafes (today a network of over 3,300+ cybercafes) becoming the largest chain of cybercafes in India.
In 2007, Sify got the registration of its UK branching allowing to expand in the UK and European markets.
Nasdaq Listing
Buy-Outs
Sify acquired a competitor portal www.indiaworld.com for $115 million (ranked second in valuation of a portal in India after investment by venture capital firms in Rediff a few months prior to the deal).
New Leadership
Sify is now owned by Mr. Raju Vegesna, the enterpreneur who has made several billion dollars with his other company Serverworks. He took over the company in June of 2006 after Mr. Ramaraj quit as the company's CEO. Under the leadership of Mr. Vegesna, the company has earned a maiden profit after 10 years of its existence. It reported revenues of $ 128 million for the full financial year 2006-07, 17.9 % higher than the previous year and a Net profit for the year was $ 2.3 million compared to a net loss of $3.50 million for the previous fiscal.
Mr. Raju Vegesna is also CEO of a Silicon Valley start-up company, ServerEngines.[2]
India Presence
As of March 31st 2006, it has 171 points of presence serving more than 250 cities in the country[3] .
References
- ^ Zee News - Satyam Infoway, among ten top technology companies: Fortune
- ^ ServerEngines | Company | Management Team
- ^ SIFY - Sify Technologies Limited - Google Finance
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