SANTA CLARA, Calif., Jan. 5, 2017 (GLOBE NEWSWIRE) -- On December 27, 2016, Sify Technologies Limited (NASDAQ:
SIFY), headquartered at Chennai, India, (the "Company") received a letter from the Listing Qualifications Department of the
Nasdaq Stock Market ("Nasdaq") indicating that, based upon the closing bid price of the Company's common stock for the last 30
consecutive business days, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on The
Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1).
The letter also indicated that the Company will be provided with a compliance period of 180 calendar days, or until June 26,
2017, in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A).
The letter further provided that if, at any time during the 180-day period, the closing bid price of the Company's common stock
is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company with written confirmation that it
has achieved compliance with the minimum bid price requirement.
About Sify Technologies:
Sify is among the largest integrated ICT Solutions and 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 1300 cities and
towns in India. This telecom network today connects 43 Data Centers across India including Sify's 6 Tier 3 Data Centers across the
cities of Chennai, Mumbai, Delhi and Bengaluru.
A significant part of the company's revenue is derived from Enterprise Services, comprising of Telecom services, Data Center
services, Cloud and Managed services, Applications Integration services and Technology Integration services. Sify also provides
services that cater to the burgeoning demands of the SMB community, much of it on its Cloud services platform.
Sify has a unified license to operate NLD (National Long Distance), ILD (International Long Distance) services and ISP services
and offers VoIP backhaul for international carriers. With the Sify Cable landing station and partnerships with submarine cable
companies globally, Sify is present in almost all the spheres of the ICT eco system.
Sify has an expanding base of Managed Services customers, both in India and overseas, and is India's first enterprise managed
services provider to launch a Security Operations Center (SOC) to deliver managed security services. The software team develops
applications and offers services to improve business efficiencies of its current and prospective client bases. Sify also offers
services in the specialized domains of eLearning, both in India and globally. 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, 2016, 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.
CONTACT: For further information, please contact: Sify Technologies Limited Mr. Praveen Krishna Investor Relations & Public Relations +91 44 22540777 (ext.2055) praveen.krishna@sifycorp.com Grayling Investor Relations Shiwei Yin +1-646-284-9474 Shiwei.Yin@grayling.com
