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 here About 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.
Sify also caters to global markets in the specialized domains of eLearning Services and Remote Infrastructure Management Services.Sify Software was established with the cumulative experience gained over the last decade in Infrastructure Management, Data centre Operations and the business of Connectivity. It aims to be a solutions company that provides applications and services to improve business efficiencies of its current clients and prospect client bases. Commercial & Consumer services include broadband home access and the ePort cyber café chain across more than 243 cities and towns in India. Very recently, Sify also introduced a whole host of services for the retail consumer on the Consumer cloud platform, thereby becoming among the first to do so in India. Today, the scope of the Commercial and Consumer services has been broadened to target the SMB/SOHO markets. The consumer services also operate 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 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, 2011, 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.