Connect 2005 was held recently at the Chennai Trade Center, on the 8th and 9th September 2005 by the Confederation of Indian Industry (CII) and the Tamilnadu State Government. The overarching theme of the conference was “Strategies to accelerate the Indian IT industry”. The conference brought together industry experts and opinion leaders both from India and abroad who spoke about the trends in the Indian IT industry and where they see the growth opportunity. The conference spread over 2 days attracted some of the best minds in the industry. The conference also saw the release of the ITES policy of the Tamilnadu State Government, which focused on making Tamilnadu an investment destination for the IT industry.
Mr. R.Ramaraj, Managing Director & CEO, Sify Ltd. was the Chairman of Connect 2005 and was the session chairman for the panel discussion on Strategies to Accelerate the Indian IT Industry and the valedictory session on Opportunities and Challenges in Data Security.
The conference also had specific sessions focusing on the trends of IT in the Telecom and BFSI sectors, and the potential opportunities for growth in these sectors. These sessions had speakers of the caliber of Mr. Kiran Karnik, President, National Association of Software and Service Companies (NASSCOM), Mr. Deepak Kapoor, Executive Director, Price Waterhouse Coopers. The sessions focused on how the BFSI and telecom sectors have evolved over the past decade and the new vistas of opportunities available for IT companies in these sectors.
Connect 2005 brought together some of the top minds in the IT industry including Mr. Subrato Basu, Vice President & Head, Executive Program Asia Pacific, Gartner Singapore, Mr. Lakshmi Narayan, President & CEO, Cognizant Technologies, and Ms. Neelam Dhawan Managing Director, Microsoft India who gave their views on how the Indian IT industry could grow in the coming years
The valedictory session was on the theme of Opportunities and Challenges in Data Security. This session had some of the most eminent personalities from both industry and academia including Prof. S V Raghavan, Computer Science and Engineering Dept, IIT Chennai, Mr. C R Nagaraj, Senior Vice President – Quality, Satyam Computers Ltd. and Ms. Shivangi Nadkarni, General Manager, Safescrypt Ltd. The topics covered included Network Security, Business Continuity Planning, and Transaction Security for E-Businesses. The discussion also addressed the regulatory perspective in Data Security.
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Continues leadership of the IP VPN market in India for second consecutive year
Chennai October 13, 2005: Sify Limited (Nasdaq National Markets: SIFY), India’s premier Internet, networks and eCommerce Services company, announced today that it has been awarded the prestigious Frost & Sullivan Market Leadership Award for IP VPN markets for the second consecutive year.
IP VPN is fast becoming the default standard connectivity for all enterprises in India. It is the most efficient way to integrate the entire value chain of any enterprise. The overlay MPLS technology makes IP VPN extremely secure. Sify has been a pioneer in providing the MPLS VPN networks in India.
According to Frost & Sullivan, the IP VPN market in India in 2004 was estimated to be at $ 70.22 Million, a growth rate of 39.33 percent over the previous year. It also anticipates continuing high growth in the years 2005-2007 with MPLS driving the IP VPN markets, largely due to an ability to offer frame relay features at lower-costs. From 2008 on, the growth rate is likely to stabilize resulting in a compound annual growth rate (CAGR) of 36.62 percent between the years 2004 and 2010. Frost & Sullivan estimates the Indian VPN service markets to grow to $101.37 million in 2005 and $456.65 million in 2010.
Mr Rahul Swarup, President, Enterprise Solutions, Sify said , “This award is the highest possible recognition of the efforts Sify has made in pioneering the market for IP VPNs in India, and of setting the standards for data connectivity. Most of all, it is recognition of the trust our valued clients place in us to run their business critical applications over our backbone network. It is also recognition of the expertise, commitment and dedication of the entire Sify team, particularly my colleagues in Technology and Enterprise Solutions, who have made this possible”.
Mr Alok Shende, ICT Practice, Frost & Sullivan India, said, “Using interviews with all market participants and extensive secondary research of proprietary data, Frost & Sullivan analysts track competitor revenue and market share of industry verticals. Competitors are then compared and ranked. According to our research for IP VPN markets, Sify has emerged as the single largest player with 42.72% market share in the highly competitive IP VPN market in India”.
Sify developed India’s first private IP network between the major cities in the country in 1998. The company has continued its pioneering role by being one of the first to offer IP VPNs, MPLS VPNs, and other value added services. Today, over 1100 corporate customers run their business critical applications as diverse as SAP, BAAN, Oracle, CRM and ERP solutions on Sify’s backbone network.
Frost & Sullivan recognizes outstanding industry achievements by presenting Frost & Sullivan Awards to top companies in regional and global markets. These prestigious awards are recognized worldwide by the media, the investment community and end-user markets. Sify has also won the Frost & Sullivan Marketing Engineering Award for Business Development Strategy for Data Centre markets in 2001.
About Sify
Sify is among the largest Internet, network and e-Commerce services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common Internet backbone infrastructure. This Internet backbone reaches 126 cities and towns in India. A significant part of the company's revenue is derived from Corporate Services, which include corporate connectivity, network and communications solutions, security, network management services and hosting. A host of blue chip customers use Sify's corporate service offerings. Consumer services include broadband home access, dial up connectivity and the iWay cyber café chain across 104 cities. The company's network services, Data center management and customer relationship management are accredited ISO 9001:2000.
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 "Risks Related to Our Business" in the company's report on Form 6 K filed for the quarter ended June 30,2005 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.
For further information please contact:
Mr. David Appasamy
Investor Relations
Sify Limited
91-44-2254 0770 Ext. 2013
david_appasamy@sifycorp.com
In the US:
Ms. Trúc N. Nguyen
Investor Relations
The Global Consulting Group
646-284-9418
tnguyen@annemcbride.com
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