Chennai, India and Hackensack, NJ - Wednesday, May 23, 2012: Sify Technologies Limited (NASDAQ Global Markets: SIFY), a leader in converged ICT Services in India with growing global delivery capabilities, and Vidyo, Inc., the world's fastest-growing video conferencing company, today announced the launch of Sify videomeet, a new-generation Video Conferencing-as-a-Service for Enterprises and Emerging Businesses. This service, powered by Vidyo, allows users to initiate and experience high-definition (HD), multi-point video collaboration beyond conventional conference rooms, without dedicated networks and on multiple devices - mobile phones, tablets, desktops, laptops and room systems. The adoption of this service does not entail any capital expenditure for the customers.
This service offers a telepresence-quality experience to users on the move, from any device (mobile/tablet/laptop). The highlight of this offering is the seamless adaptability to network vagaries.
Enterprises having legacy video conferencing infrastructure can seamlessly adopt Sify Video Conferencing-as-a-Service without any new capital investment to empower their remote locations with this enterprise grade HD quality collaboration tool. For emerging businesses, this service enables enterprise-class HD video conferencing without any capital investment and empowers them with a powerful and affordable video collaboration tool.
Sify videomeet will enable emerging businesses & enterprises to have video conferencing at less than Rs. 3 per minute. Customers could pay a fixed rental for getting unlimited video conferencing access or avail the 'pay-per-use' option. This service also eliminates the need for a Multipoint Control Unit (MCU) or any other video conferencing device at the premises of the customer, thereby reducing the Total Cost of Ownership (TCO).
Sify's technology partner, Vidyo, enables natural, affordable and universal video communications over the Internet, Long Term Evolution (LTE), and 4G networks at a fraction of the cost of alternatives. Vidyo's solution is software-based and can be easily expanded, upgraded and customized for individual enterprise and vertical market video conferencing needs.
Speaking at the launch, Mr. Daniel Alex senior VP network services, Sify technologies said, "Sify videomeet, the Video Conferencing-as-a-service is a rich addition to our converged ICT services portfolio bringing competitive advantage to our customer's business. Built on the strength of our industry-leading Network Services, with Vidyo's innovative technology, this new-generation service will empower enterprises of all sizes to collaborate cost-effectively and in a secure manner. Our strategic partnership with Vidyo will help us innovate for our customers to keep them ahead in their businesses."
Mr. Ashish Gupta, CMO & SVP of Corporate Development, Vidyo Inc. said, "We are proud to partner with Sify in India. With the growing penetration of smartphones, laptops and tablets in the region, Vidyo's software-based approach to videoconferencing on multiple devices over non-dedicated networks is the ideal solution for the market in India. Vidyo's Adaptive Video Layering collaboration platform is perfectly suited for emerging markets like India, offering low latency, natural, affordable, high-quality video that works over an Internet connection, whether wired or wireless including WiFi and 4G. We look forward to empowering Sify with the technology backbone required to extend this service to other customer segments."
For more details, please visit: www.sifyvideomeet.com
About Vidyo, Inc. Headquartered in New Jersey, Vidyo pioneered Personal Telepresence enabling natural, HD multi-point video conferencing on tablets and smart phones, PCs and Macs, room systems, gateways that interoperate with H.323 and SIP endpoints, Telepresence solutions and affordable cloud-based broadcast solutions.
The Vidyo Advantage
The Vidyo communication and collaboration platform is software-based, highly flexible and can be easily customized for individual enterprise and vertical market video conferencing needs. Vidyo's Adaptive Video Layering™ eliminates the MCU and offers unprecedented error resiliency, low latency rate matching thus enabling natural, affordable, high-quality video to work over the Internet, LTE and 4G networks. The Vidyo platform allows users to quickly leverage the latest hardware innovations, new consumer devices and partner applications that utilize Vidyo's APIs, such as those that result from the recently announced relationships with Philips and AMD in the Healthcare industry and a recent strategic investment from Juniper Networks. Vidyo has been active driving H.264 SVC and SIP videoconferencing interoperability in various standards bodies since 2005.
About Sify Technologies
Sify is among the largest integrated Managed Service, Network 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 710 cities and towns in India.
A significant part of the company's revenue is derived from Corporate Enterprise Services, which include Network and IT services, Connectivity, Security, Network management services, Enterprise applications, Hosting and Remote Infrastructure Management Services. 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 built a credible reputation in the emerging Cloud Computing market and is today regarded as a domain leader. 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 in 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.
Sify Software develops applications and offers services to improve business efficiencies of its current clients 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 Commercial and Consumer business addresses the burgeoning demands of the SMB/SOHO community. The business provides a whole host of services for the retail consumer on the Consumer cloud platform. Sify continues to provide broadband connections for home and at public access points. The portal side of the business 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 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.
For further information, please contact
|Sify Technologies Limited |
Mr. Praveen Krishna
Investor Relations & Corporate Communications
+91 44 22540777 (extn.2055)
Kerry Ogata +1 (301) 717-4224
|Grayling Investor Relations |
Ms. Truc Nguyen (ext. 418)
Mr. Christopher Chu (ext. 426)