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SSIFY TECHNOLOGIES LTD

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SIFY TECHNOLOGIES LTD

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Company history

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.

Source: Wikipedia
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