Proud to be a Crown Commercial Service (CCS) Supplier
We are delighted to announce that following a successful G-Cloud 14 application in the areas of Cloud Hosting and Cloud Support, Sify Technologies is now a recognised Crown Commercial Service (CCS) supplier.
Sify Technologies Recognized as a ‘NICHE PLAYER’ In The 2021 Gartner® Magic Quadrant™ For Managed Network Services
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:
Sify Technologies Limited
Mr. Praveen Krishna
Investor Relations & Public Relations
+91 44 22540777 (ext.2055)
Sify CFO appointed member to the IFRS Interpretations Committee
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.
