Sify Technologies Limited (formerly Sify Limited and Satyam Infoway Limited) (NASDAQ: SIFY) is an Indian broadband internet provider established in 1998, based in Chennai, India.[1][2]
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Sify is an Internet service provider in India. Seventy five per cent[3] of the 1.6 million visitors in 2008[4] to the web site sify.com hail from India. It was rated as one of "The ten top technology companies world-wide recommended for investment" by Fortune in 1999.[5]
Sify was one of the first private sector player to offer internet access, when internet access was opened to private sector (until then the state run VSNL had a monopoly in providing 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 set up a chain of franchised internet cafes (today a network of over 3,300+ cybercafes).
In 2007, Sify got the registration of its UK branch.
Mr. Raju Vegesna, the enterpreneur who has made several billion dollars with his other company Serverworks, now runs Sify. He took over the company in June 2006 after Mr. Ramaraj quit as the company's CEO. Under the leadership of Mr. Raju, his 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 was also CEO of a Silicon Valley start-up company, ServerEngines[6], until it was purchased in 2010 by Emulex[7].
It has 900 points of presence serving more than 400 cities in the country.[8]