Category "News"

Chennai, India, September 02, 2024: Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning data center, cloud, networks, security and digital services, today announced it has become an NVIDIA colocation partner with the NVIDIA DGX-Ready Data Center program, certified for liquid cooling.

Chennai, India, July 25, 2024: Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced the appointment of Mr. C R Srinivasan as the Chief Executive Officer of Sify Digital Services Limited, wholly owned subsidiary of Sify Technologies Limited.

C.R. Srinivasan has over 30 years of experience in global telecom, IT, cybersecurity, and digital services. As a seasoned technologist and business leader, C R Srinivasan has an established track record in large enterprises, start-ups, and platform-based businesses. He has leveraged technology to enhance customer experiences and develop unique business models, successfully turning around and rapidly scaling businesses by building platforms and services focussed on the right technology.

Prior to Sify, Srini led Tata Communications’ Cloud and Cybersecurity businesses. He also co-founded Sevenstrata IT Services, a remote infrastructure management company acquired by Mindtree. Srini was part of the initial team that established Sify’s network services and developed its managed services capabilities.

Commenting on his appointment, Chairman, Mr. Raju Vegesna, said, “Srini is well versed in the transformation that the ecosystem has undergone. His experience in building digital services across the ICT ecosystem will be valuable in steering Sify Digital Services in a new direction. He will be responsible for building the business both in India and into new territories.”

Mr. C R Srinivasan, said, “I am proud of what the company has become under the leadership of Raju and the ambitious roadmap ahead. I will look to realize Sify’s untapped potential in digital services and contribute to making Sify a truly converged ICT ecosystem leader.”

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

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SAN RAMON, Calif., Sept. 13, 2022 /PRNewswire/ — Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, and Aquila Clouds, a leader in cloud financial management solutions, today announced a strategic partnership that has added FinOps capabilities to Sify’s industry-leading cloud management platform, CloudInfinit.

Today’s announcement marks the availability of CloudInfinit FinOps, powered by Aquila Clouds. This technology-leading FinOps platform provides cloud asset management, performance, and cost trend analysis, cloud cost optimization and automation, budget control, chargeback, security and compliance management, and more. This FinOps addition to CloudInfinit now enables cloud operators and finance managers to run lean, optimized, and secure cloud operations.

“We see a huge win-win situation for Sify and Aquila Clouds in this partnership,” said Jitender Durairajan, Head of Cloud Engineering and Solutions at Sify Technology. “Using Aquila Clouds to power Sify’s CloudInfinit FinOps capabilities significantly shortens our time-to-market and creates immediate value for our customers who increasingly need a decipherable pattern to their cloud financials.”

Besides FinOps, Aquila Clouds also powers Sify’s billing operations with its BillOps platform. Aquila Clouds BillOps streamlines and automates billing operations, providing capabilities to customize pricing rules that perfectly fit Sify’s’ business model.

“We are delighted that Aquila Clouds FinOps solution has been included to power Sify’s CloudInfinit FinOps offering,” said Desmond Chan, co-founder, and CPO at Aquila Clouds. “Being chosen by such a strong Enterprise Cloud Solutions Provider is a great testament to the strength of our solution. We look forward to creating great success for both companies in the near future.”

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid, and small-sized businesses. 

Sify’s infrastructure comprising 11 state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors, and deep expertise in business transformation solutions modeled on the cloud, make it the first choice of start-ups, SMEs, and even large Enterprises on the verge of a revamp.

Internationally, Sify has a presence across North America, the United Kingdom, and Singapore. Sify, www.sify.com, Sify Technologies, and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

About Aquila Clouds

Aquila Clouds is a cloud financial management solution that enables managed service providers, cloud resellers, and enterprises to manage billing and optimize cloud costs and performance. We help organizations that are invested in public clouds to monitor and optimize their cloud deployments and automate their billing operations. Our FinOps and BillOps solutions apply data analytics and AI/ML techniques to achieve continuous monitoring and continuous optimization that has delivered over 20% in cloud cost savings and reduced billing operation time by as much as 82%.

 

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Cyxtera (NASDAQ: CYXT), a global leader in data center colocation and interconnection services, today announced it will begin offering colocation solutions in India through a strategic partnership with Sify Technologies Limited (NASDAQ: SIFY), one of India’s leading digital ICT solutions providers. Cyxtera can now provide colocation services to customers in five additional markets in one of the most important and fastest growing global economies. As part of the partnership, Sify will also resell Cyxtera’s full suite of solutions across markets in North America, Europe, and Asia Pacific to its more than 10,000 customers.

Announces partnership with Vibrant Energy, a portfolio company indirectly invested in by Macquarie’s Green Investment Group (“GIG”) and operating on a standalone basis

Chennai and Sydney, February 23, 2022: Sify Technologies Limited (NASDAQ: SIFY) (“Sify”), India’s leading digital ICT solutions provider, today announced a major commitment to renewable energy for its growing data center portfolio in India. The company recently concluded power purchase agreements (PPAs) with Vibrant Energy Holdings (“Vibrant”), a majority owned subsidiary of Blue Leaf Energy Asia Pte. Ltd. (“Blueleaf Energy”) which is a portfolio company of Macquarie’s GIG. The PPAs are for total 231MW of solar and wind energy capacity to power Sify’s latest hyperscale data centers, of which 67MW solar PPA had been signed in March 2021 and recently commissioned.

This partnership is the first step in a clear roadmap for the company to minimize its dependence on fossil fuels to power its fast-growing data center business, dramatically reducing its carbon footprint. By simultaneously investing in both solar and wind energy, Sify will soon be able to deliver most of the power required for its flagship data centers in Mumbai from renewable sources and intends to continue increasing renewable penetration across its nationwide footprint.

Raju Vegesna, Chairman, Sify said, “There is an intensifying narrative about adopting green energy. We decided to lead by action, as we always have done in the ICT space.  With the constantly expanding need for world-class data center facilities to meet the burgeoning data-centric transformation of Indian businesses, we believe that investing in clean energy sources to fuel this transformation is a social imperative.  Sify is proud to be doing its part to help our customers become a part of this clean energy future”.

M P Vijay Kumar, CFO, Sify, said, “As an early adopter of ESG guidelines, Sify has constantly pushed the envelope in the Data Center space. This shift to renewables will deliver clear economic advantages, but it is also about proving the viability of adopting green energy solutions at an industrial scale.”

Oliver Lewis, Chairman of Vibrant Energy and Executive Director of GIG said: “We are very excited by Vibrant’s continued growth in capacity to provide green energy solutions to businesses in India, supporting India’s decarbonization. The partnership with Sify Technologies marks a new milestone on Vibrant’s journey of providing green energy and tailored solutions to meet the growing business demand.”

Srini Viswanathan, CEO, Vibrant Energy, said: “Vibrant is honored to partner with Sify in their journey to build sustainable data center solutions in the Indian market. Vibrant is looking forward to continuing to work with Sify to support them in their 100% renewable energy goals.”

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Security services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.

Sify, www.sify.com, Sify Technologies limited, www.sifytechnologies.com, Sify Infint Spaces Limited and Sify Digital Services Limited are registered trademarks of Sify Technologies Limited.

About Vibrant Energy

Vibrant Energy’s mission is to lead the transition of corporate & industrial (C&I) customers to a more sustainable, resilient, and low-cost energy future. The platform has been delivering on this mission through its extensive project portfolio which currently contains 66MW of operational solar PV projects and an active development pipeline of over 400MW across India. Vibrant Energy a is a majority-owned subsidiary of Blueleaf Energy. Blueleaf Energy is a portfolio company owned by Macquarie’s Green Investment Group, operating on a standalone basis.

About Blueleaf Energy

Blueleaf Energy’s mission is to develop, deliver and operate safe, high quality, ethical renewable energy projects, enabling a greener energy mix and lower power bills. Blueleaf Energy specialises in commercial and industrial (C&I), utility scale solar, wind and energy storage solutions across the Asia-Pacific region.

Blueleaf Energy is developing a pipeline of projects in excess of 6GW, in addition to the historical track record of building 2GW of capacity globally, including over 500MW in the Asia Pacific region. Blueleaf Energy is a portfolio company owned by Macquarie’s Green Investment Group (GIG), operating on a standalone basis.

About Macquarie’s Green Investment Group

Macquarie’s Green Investment Group (GIG) is a specialist in green infrastructure principal investment, project development and delivery, green impact advisory and the management of portfolio assets. Its track record, expertise and capability make it a global leader in green investment and development, dedicated to accelerating the green transition. In April 2022, GIG will operate as part of Macquarie Asset Management (MAM). This move will bring together market leading expertise across the energy transition spectrum and connect GIG with the capital of the world’s largest investors to accelerate the green transition and deliver a net zero future.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2021, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact:

Recognized for Completeness of Vision and Ability to Execute

Chennai, 31 January, 2022— Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, was recently recognized as a ‘Niche Player’ in the 2021 Gartner Magic Quadrant for Managed Network Services. The evaluation was made based on specific criteria that analyzed the company’s overall completeness of vision and ability to execute.

Garter’s Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables one to get the most from market analysis in alignment with their unique business and technology needs.

According to Gartner research, “By 2024, 30% of enterprise buyers will demand managed network services (MNS) that include near-real-time case management synchronization with enterprise-operated IT service management (ITSM) tools and more than 60% of software-defined wide-area network (SD-WAN) customers will have implemented a secure access service edge (SASE) architecture.”

As an integrated digital transformation partner with cloud@core portfolio of services, Sify can help enterprises to derive value by transforming their network with a suite of managed network solutions and services that include a world class Service delivery platform (SDP), Service management functions, Operations automation, Customer experience management, Professional services and transformative technologies such as SD-WAN and Secure Access Service Edge (SASE).

Commenting on the recognition, Kamal Nath, CEO, Sify Technologies said, “This stands testimony to our world class managed network services capability. Sify’s deep and proven expertise in managing customers’ mission critical networks at scale, is a preferred choice for enterprises looking to meet their network transformational goals. We are also building competencies in emerging tech to future-proof our customers’ networks and enhance outcomes through application of AI/ML”

CLICK HERE TO READ THE FULL REPORT.

Gartner, Magic Quadrant for Managed Network Services, 10 November 2021, Ted Corbett, Danellie Young. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER and Magic Quadrant are registered trademarks and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Security services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2021, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact:

Mumbai, 1^st November, 2021: Kotak Special Situations Fund (KSSF), managed by Kotak Investment Advisors Limited (KIAL) and whose LPs include leading Sovereign Wealth Funds, and Sify Technologies Limited (‘Sify’), India’s most comprehensive ICT service & solutions provider, today announced an agreement under which KSSF will invest up to INR 1,000 crore (USD 135 million) in Sify Infinit Spaces Limited (SISL), a wholly-owned subsidiary of Sify. SISL is a leading data center services player in India, serving Indian and Global enterprise customers and hyperscalers from its ten operational Data Centers across the country.

Under the transaction, the KSSF investment will be in the form of Compulsorily Convertible Debentures, which will convert into equity based on the operational performance of SIS over a specified reference period. The funds would be used to invest in SIS’ current plan under execution of developing new Data Centers in Mumbai, Noida, Chennai, Bangalore and Hyderabad and for investment in renewable energy requirements for its operational and new Data Centers for up to INR 4,000 crore (USD 530 million).

Raju Vegesna, Chairman and Managing Director, Sify said, “India is set for significant economic growth and is becoming the first choice destination for both global businesses and investors. India is witnessing the rise of Information technology-driven entrepreneurship and business growth. The current capacity of the Data Centre industry in India is expanding at an unprecedented pace, powered by wider cloud adoption, 5G rollout and accelerated digital transformation programmes of enterprises. We are delighted to partner with KSSF as a part of this journey to build world-class Data Centre facilities for our customers to benefit from the large scale digital transformation of India.”

MP Vijay Kumar, Chief Financial Officer, Sify said, “The hyperscalers and enterprise customers have shown high confidence in colocating to our Data Centers over time and these engagements continue to scale. The KSSF partnership will give us access to long-term capital, beyond the present investment. We will, as always, be prudent in our business judgements and build facilities close to assessment of customer demand and in a modular way, deploying the latest and most cost-effective technologies for both design and operations.”

Srini Sriniwasan, Managing Director, Kotak Investment Advisors Limited said, “We are delighted to partner with Sify to build out the Data Centre capacity in India and contribute to the goal of a digitally savvy India, based on the strength of Sify’s entrepreneurial capabilities and experienced management team. Data Centers are at the core of the country’s Digital India ambition, and we believe that with vibrant entrepreneurship in the digital space, rich media consumption by an exploding well-connected population and increasing requirements for local storage of data, India’s Data Centre sector is a long term secular opportunity.”

Eshwar Karra, CEO-Kotak Special Situations Fund, Kotak Investment Advisors Limited said, “Our investment in SIS is in line with our strategy of providing capital to unique India opportunities that require flexible and customised capital solutions, which enables us to grow with our partners and participate in their success while providing value-added support and opportunistic capital in size and scale.”

About Kotak Investment Advisors Limited

Kotak Investment Advisors Limited (KIAL), a part of the Kotak Mahindra Bank (Kotak), focuses on the Alternate Assets business. KIAL was set up in early 2005 to bring a sharper focus to Kotak’s alternate assets practice and has raised/managed/advised in aggregate over USD 4.9 billion across different asset classes including Private Equity Funds, Real Estate Funds, Infrastructure Funds, Special Situations Fund, Listed Strategies and Investment Advisory, all led by independent investment teams.

For more information, visit alternateassets.kotak.com

About Kotak Special Situations Fund

Kotak Special Situations Fund (KSSF) is an Alternative Investment Fund under SEBI regulations managed by the Alternate Asset Management Company – Kotak Investment Advisors Ltd. KSSF currently manages a USD 1 billion fund and is uniquely positioned to be a provider of customised solutions capital to corporates. KSSF has partnered with companies across sectors via customised structures/solutions depending on their situation, requirements and business prospects. With an ability to tactically participate across the capital structure of an enterprise, KSSF has been targeting value propositions across a spectrum of opportunities from growth, to credit situations and stressed assets.

About Sify

Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.

Sify’s infrastructure comprising the largest MPLS network, top-of-the-line DCs, partnership with global technology majors, vast expertise in business transformation solutions modelled on the cloud make it the first choice of start-ups, incoming Enterprises and even large Enterprises on the verge of a revamp. More than 10,000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centres, Networks and Security services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.

Sify, www.sify.com and Sify Technologies, www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2021, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

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Sify’s facility at Vashi was the first of the 10 Company-owned Data Centers

Chennai, Sep 20, 2021— Sify Technologies Limited (NASDAQ: SIFY), India’s most comprehensive ICT solutions provider today announced that its Data Center at Vashi, the first commercial Data Center in India, completed 21 years of uninterrupted operations.

Sify Technologies expanded into the Data Center business in the year 2000. Sify has built and today operates 10 carrier-neutral Data Centers, currently offering more than 70 MW IT Power. Following the facility at Vashi, Sify followed up with larger capacities in Bangalore, Chennai, Airoli, Noida, Rabale, Hyderabad and Kolkata and aims to add 200 MW in the next 4 years. Through CloudCover, Sify also services a network of 49 Data Centers across India.

Delighted at this milestone achievement, Mr. Raju Vegesna, Chairman, Sify Technologies, said “Sify has pioneered and set high standards in the Data Centre space in India ever since the launch of country’s first concurrently-maintainable data center at the Infotech Park in Vashi, Mumbai in September 2000. Sify was the first to foresee the scope for Data Center as a business vertical in India and hence aggressively invested in the key markets. Today, the combined strength of our Data Centers and Network connectivity puts us in an unbeatable position to drive digital transformation across the nation.”

Mr. Kamal Nath, CEO, Sify Technologies, said “This 21^st anniversary of our Vashi Data Center is testimony to Sify’s legacy in the Data Center business in India. Our data center footprint across the country powers our cloud@core philosophy and drives the Integrated Data Center solutions that we offer to our clients to help them meet their digital transformation goals.”

Key advantages/ features of Sify Data Centers

• Strong connectivity with cloud cover and cost saving with cross connects
• Leading industry SLAs supporting colocation agreements
• Carrier neutral services
• Earthquake resistant structure
• Proven capability to meet 99.982% uptime
• Connectivity from major telecom carriers
• On demand cloud and Managed hosting services

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focused on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Security services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2021, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For information, please contact:

Chennai, India, 1 Sep 2021 – Sify Technologies Limited (NASDAQ: SIFY), India’s most comprehensive ICT solutions provider with global service capabilities spanning Data Centers, Networks, Cloud, Infrastructure Managed services and Applications management, today announced a channel partnership with Colt Technology Services, a leading provider of high bandwidth and on-demand connectivity, to cover the European geography.

The partnership introduces Sify’s collaborative practices for Oracle Cloud Infrastructure (OCI), the Infrastructure-as-a-Service that delivers on-premises computing power to run cloud-native and enterprise company’s IT workloads. This is made possible by Colt’s network connectivity capability with its On Demand service allowing specifically for connectivity to be flexed up for the OCI migration. Translated, that means, the customer gets the additional connectivity only when it is required.

Multiple businesses across Europe are beginning to leverage the full benefits of Oracle Enterprise Cloud offering. Most of these businesses are also struggling with expertise to plan and migrate Oracle workloads and licensing to a more commercially viable solution. This new partnership allows the adoption of OCI to be done efficiently over a fast, reliable, and secure network connection.

With Colt’s Dedicated Cloud Access and On-Demand offerings, customers can securely and reliably provision new connectivity services on a low latency, high-performance network in a matter of hours compared to weeks and months. The On-Demand offering scales the bandwidth as per the application or workload consumption patterns thereby resulting in substantial cost savings.

Justin Polley, Commercial Director, Sify Europe said, “This engagement combines Sify’s deep Oracle consulting experience with Colt’s European flexible networking services. The combination enables Oracle Cloud adoption at a much faster pace, to extremely high standards and at a much lower cost. Furthermore, the unification of resources brings unrivalled expertise in migrating many other types of databases to the Public cloud”.

Colt was the clear choice for this partnership because they have invested heavily in best-in-class Cloud connectivity to deliver dedicated, secure, and high-bandwidth connectivity in near real-time customer Cloud migrations.

Mark Hollman, VP Partner Development & Success, Colt said, “We know there’s a direct correlation between the success of enterprise cloud projects and reliable connectivity. Moving to the cloud is more mission-critical than ever, and Enterprises need a robust cloud connectivity strategy to evolve. That’s why we are delighted to partner with Sify. Together, we can unlock and amplify our joint value to power Enterprises’ migrations to Oracle Cloud”.

Sify is an accredited member of the Oracle Partner Network for the OCI Cloud Sell and Service specifically in the areas of solution assessment, implementation and migration, Cloud management, colocation and DR-as-a-service.

About Sify Technologies

Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Security services and conduct their business seamlessly from more than 1600 cities in India.

It has sales and operations globally in the UK, Singapore, United States and UAE. In Europe, Sify operates as an offshore Telecoms Network and Digital services enabler working through a channel partnership model.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

About Colt Technology Services

Colt Technology Services provides world-class network and voice connectivity to businesses in Europe, Asia and the US. The Colt IQ Network connects 900+ data centres across Europe, Asia and North America’s largest business hubs, with over 29,000 on net buildings and growing. Colt is an Oracle Partner Network member and a Global OCI Fast-Connect Partner, providing point-to-cloud and multi-cloud Ethernet connectivity solutions. Colt have been specialists in their field for over two decades and are recognised as an innovator and pioneer in Software Defined Networks (SDN) and Network Functions Virtualisation (NFV).

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2021, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For information, please contact:

The Trustees of the IFRS Foundation, who are responsible for the oversight and governance of the International Accounting Standards Board (Board), have appointed Andre Besson, Karen Higgins and M P Vijay Kumar to the IFRS Interpretations Committee (Committee).

The Committee works with the Board in supporting the consistent application of IFRS Standards. In particular, the Committee responds to application questions by publishing agenda decisions to explain how IFRS Standards apply to particular scenarios. If required, the Committee also develops interpretations (called IFRIC Interpretations, which are subject to ratification by the Board) or proposes that the Board amend the Standards.

New members

Andre Besson is a finance and control professional with more than 25 years of experience, of which half has been in accounting policy and technical accounting. He is currently Head of Financial Reporting Guidelines at Nestlé SA in Switzerland. He is also co-chair of Swiss Holdings’ Working Group on Accounting and Reporting and a member of Business Europe’s Accounting Harmonization Working Group and Sounding Board.

Karen Higgins is an audit and assurance partner at Deloitte and has specialized in the financial services industry for more than 30 years. She is the leader of the Canadian IFRS Center of Excellence, and the Canadian firm representative on the Deloitte Global IFRS Leadership Team. Karen is also a former vice-chair of the Canadian Accounting Standards Board.

M P Vijay Kumar is Chief Financial Officer at Sify Technologies, one of India’s largest information and communications technology companies. He is a council member of the Institute of Chartered Accountants of India and serves as chair of its Accounting Standards Board. Vijay is also on the IFRS Advisory Council and the SME Implementation Group.

All appointments take immediate effect for a term ending 30 June 2024. Jongsoo Han (Korea Accounting Standards Board) and Robert Uhl (Deloitte) completed their terms at the end of June. Bertrand Perrin (Vivendi) stepped down from the Interpretations Committee before his term ended to assume his new role as a Board member. The IFRS Foundation Trustees thank the outgoing members for their years of valuable service.