Sify to Invest in Technology Startups

  Sify to Invest in Technology Startups

Business Wire

CHENNAI, India -- September 5, 2013

Sify Technologies Limited (NASDAQ Global Markets: SIFY), a leader in Managed
Enterprise, Network and IT Services in India with growing global delivery
capabilities, today announced that it will explore avenues to invest in or
partner with technology startups focusing on Cloud, Security and Managed
services.

These investments or partnerships will be particularly directed at those
companies with synergies to Sify's current business lines. The aim is to
strengthen and differentiate Sify's current service and product offerings both
for domestic and international markets, and through strategic relationships
with target companies outside of India, expand its presence in key markets
outside India. Sify will also seek to leverage the Company’s intellectual
property in India, create new revenue streams and increase brand awareness.

Sify had already called on August 21, 2013, INR 30 crores of capital from its
2010 Subscription Agreement with Sify's promoter group as initial funding for
such investments. An additional INR 120 crores will remain available to Sify
pursuant to the terms of that agreement, which may be called by Sify's Board
of Directors as needed. Sify's Board has also approved the execution of an
Amendment to the Subscription Agreement removing the current September 2013
deadline to call the balance of INR 120 crores, leaving such funds available
for draw by the Board at such time as it determines the funds are needed.

About Sify Technologies

Sify is among the largest integrated ICT Solutions and Services companies in
India, offering end-to-end solutions with a comprehensive range of products
delivered over a common telecom data network infrastructure reaching more than
1100 cities and towns in India. This telecom network today connects 36 Data
Centres across India in addition to Sify’s own 5 Tier III Data Centres across
the cities of Chennai, Mumbai, Delhi and Bengaluru.

A significant part of the company’s revenue is derived from Enterprise
Services; the different businesses units being Telecom services, Data Center
services, Cloud and Managed services, Application services and Telecom
Integration services. A varied product portfolio at multiple price points
allows Sify to also cater to the burgeoning demands of the SMB/SOHO community
and the retail consumer; much of it on the cloud platform.

Sify is a recognized ISO 9001:2008 certified for Enterprise Sales,
Provisioning, support and customer relationship management of ICT solutions
and services including VPN, Network, Voice, Data Centre hosting, Integration
services, security services and managed services. Sify has also built a
credible reputation in the emerging Cloud Computing market and has been
certified in SSAE16 SOC2 Type II for Cloud Infrastructure. Sify has licenses
to operate NLD (National Long Distance) and ILD (International Long Distance)
services and offers VoIP backhaul to long distance subscriber telephony
services. With the Sify Cable landing station and the partnerships inked with
several cable companies globally, Sify is present in almost all the spheres of
the ICT eco system.

The company has an expanding base of Managed Services customers, both in India
and overseas, and is also India’s first enterprise managed services provider
to launch a Security Operations Center (SOC)to deliver managed security
services.

As a solutions provider, Sify Software develops applications and offers
services to improve business efficiencies of its current and prospective
client bases. Sify also offers services in the specialized domains of
eLearning for-profit, not-for-profit and government institutions, both in
India and globally. The business also operates two of the most popular portals
in India, Sify.com and Samachar.com.

For more information about Sify, visit www.sifycorp.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of
Section27A of the Securities Act of 1933, as amended, and Section21E 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, 2013, 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.

Contact:

Sify Technologies Limited
Mr. Praveen Krishna
Investor Relations & Corporate Communications
+91 44 22540777 (extn.2055)
praveen.krishna@sifycorp.com
or
Grayling Investor Relations
Ms. Trúc Nguyen (ext. 418)
Mr. Christopher Chu (ext. 426)
+1-646-284-9400
truc.nguyen@grayling.com
christopher.chu@grayling.com
 
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