Sify Technologies inaugurated a new data center for the Supreme Court of India on November 7, 2024, enhancing digital capabilities.
Quiver AI Summary
Sify Technologies Limited has announced the inauguration of a new Data Center for the Supreme Court of India, which took place on November 7, 2024, officiated by Chief Justice Dhananjaya Yeshwant Chandrachud. This state-of-the-art Smart-Rack-Row, Concurrently Maintainable Data Center is part of the Supreme Court's ongoing digitalization efforts aimed at modernizing its operations and reducing reliance on outdated practices. The event was attended by several notable justices and marks a significant milestone in the judiciary's embrace of digital transformation. Raju Vegesna, Chairman of Sify Technologies, expressed pride in the company's role in supporting the digital ambitions of India's highest court. Sify, a leader in digital ICT solutions, has a presence across India and internationally, serving over 10,000 businesses in various sectors.
Potential Positives
- The inauguration of the data center for the Supreme Court highlights Sify Technologies' role as a key player in digital transformation within the Indian judiciary.
- This project represents a significant endorsement of Sify's ICT capabilities and solutions, showcasing their expertise at the highest levels of government.
- Sify's contribution to digitalization efforts aligns with the broader goals of enhancing technological infrastructure in India, which could bolster future business opportunities.
Potential Negatives
- Over-reliance on a single high-profile project (the Data Center for the Supreme Court) may raise concerns about the company's overall diversification and stability in its business operations.
- The press release highlights the retirement of the Chief Justice shortly after the inauguration, which could signal a transition period that might affect ongoing projects or relationships.
- The mention of forward-looking statements underscores potential risks and uncertainties in the company's future performance, which could be viewed negatively by investors.
FAQ
What is the significance of the new Data Center for the Supreme Court of India?
The Data Center enhances digital capabilities, reducing reliance on legacy systems and supporting the Supreme Court's digital transformation initiatives.
Who inaugurated the Data Center built by Sify Technologies?
The Data Center was inaugurated by the 50th Chief Justice of India, Shri Dhananjaya Yeshwant Chandrachud, on November 07, 2024.
How does Sify Technologies contribute to the Supreme Court's digitalisation efforts?
Sify Technologies provides comprehensive ICT solutions that enable digital transformation for the judiciary, showcasing their long-standing expertise in the field.
What are Sify Technologies' core offerings?
Sify specializes in data centers, cloud solutions, networks, security, and digital services tailored to meet the needs of various businesses.
In which countries does Sify have a presence?
Sify Technologies operates internationally in North America, the United Kingdom, and Singapore, in addition to its extensive presence in India.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
CHENNAI, India, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning data center, cloud, networks, security and digital services, announced the inauguration of the Data Center built for the Supreme Court by the 50th Chief Justice of India, Shri Dhananjaya Yeshwant Chandrachud on November 07, 2024.
Inaugural ceremony of the Data Centre at the Administrative Buildings Complex, Supreme Court of India on November 07, 2024
The Smart-Rack-Row, Concurrently Maintainable Data Center is the latest in a long list of digitalisation measures adopted by the Supreme Court to overcome the dependency on legacy work measures.
The Data Center was inaugurated by Hon’ble Chief Justice of India, Dr. Justice D Y Chandrachud, Hon’ble Mr. Justice Sanjiv Khanna, Hon’ble Mr. Justice Pamidighantam Sri Narasimha, Hon’ble Mr. Justice Ahsanuddin Amanullah and Hon’ble Mr. Justice K.V. Viswanathan. A vocal supporter of the country’s digital ambitions, this data center was a fitting swansong for the Chief Justice who retired on November 10, 2024.
Raju Vegesna, Chairman, Sify Technologies Limited , said, “This is an endorsement of our DNA in building comprehensive ICT ecosystems for more than two decades. I am elated that what started out as enabling digital transformation for different Enterprises is now being adopted by the highest echelons of the judiciary. Sify is proud of this positive contribution to the digitalisation measures of the Supreme Court, and by extension, the country.”
Link to the Supreme Court’s Press Release can be found here https://www.sci.gov.in/supreme-court-establishes-on-premises-data-centre/
About Sify Technologies
A multiple year winner of the Golden Peacock award for Corporate Governance by the Institute of Directors, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.
Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.
More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Security services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.
Sify, www.sify.com , Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.
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, 2024, 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 & Public Relations +91 9840926523 [email protected] |
20:20 Media
Nikhila Kesavan +91 9840124036 [email protected] |
Weber Shandwick
Lucia Domville +1-212 546-8260 [email protected] |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f58ae2a1-9da4-4935-a842-9fb5962317ee