Sify Technologies Limited (NASDAQ Global Markets: SIFY), a leader in Managed Networks and IT Services in India with growing global delivery capabilities , today announced that trading of the company's shares of common stock will be upgraded to the NASDAQ Global Select Market.
The NASDAQ Global Select Market, one of the three market tiers at NASDAQ, is recognized as the highest financial listing standards in the world, with measures including market value, liquidity and earnings. Qualifying for NASDAQ Global Select Market is a mark of achievement, leadership, credibility, high ethical standards and stature for companies. Pursuant to the acknowledgement, Sify Technologies has been notified by NASDAQ that its securities will be listed on this market effective today, January 3, 2012.
"We are proud to receive this recognition from NASDAQ, a market applying the most stringent financial listing standards and corporate governance in the world," said Mr. M P Vijay Kumar, Chief Financial Officer, Sify Technologies Limited. "This is a significant acknowledgement of our Board's consistent pursuance of ethical corporate governance, financial and business practices; a strategy that has delivered continued growth despite fluctuating global economic challenges," Mr. M P Vijay Kumar concluded.
More details on NASDAQ Global Select Market can be accessed hereAbout Sify Technologies Sify is among the largest Managed Networks and IT 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 667 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, enterprise applications, voice and hosting. Sify is a recognized ISO 9001:2008 certified service provider for network operations, data center operations and customer support, and for provisioning of VPNs, Internet bandwidth, VoIP solutions and integrated security solutions, and ISO / IEC 20000 - 1:2005 and ISO/IEC 27001:2005 certified for Internet Data Center operations. Sify has also established a credible reputation in the emerging Cloud Computing market and is today regarded as a thought leader in the domain. Sify has licenses to operate NLD (National Long Distance) and ILD (International Long Distance) services and also offers VoIP back haul to long distance subscriber telephony services. The company is India’s first enterprise managed services provider to launch a Security Operations Center (SOC) to deliver managed security services.