Santa Clara, California, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), headquartered at Chennai, a
leader in Telecom and Data Center centric IT services in India with global delivery capabilities, today announced it received a
letter from Nasdaq confirming that it has regained compliance with the minimum bid price requirement for continued listing on The
Nasdaq Capital Market.In December 2016, Nasdaq had notified the Company that its common stock failed to maintain a minimum bid
price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock
Market. Since then, Nasdaq has determined that from September 14 to 27, 2017, the closing bid price of the Company’s
common stock has been at $1.00 per share or greater. In a letter dated September 28, 2017, Nasdaq notified Sify that it
has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed.
About Sify Technologies:
Sify Technologies Limited (NASDAQ NM: SIFY), is an acknowledged ICT leader in the Telecom and Data Center centric IT services
space with global delivery capabilities. Among the very few Integrated ICT players in India, Sify, today has presence in 1500
cities in India and in North America, United Kingdom and Singapore. More than 9000 Enterprises access Sify’s IT services
that’s focused on the Data Center and Cloud platform and connected through India’s largest MPLS network. As a truly converged ICT
solutions and services provider, Sify is the preferred IT Services partner with a full suite of services ranging from Telecom
connectivity services to Data Center transformation services along with Application and Security Services delivered on the same
infrastructure. Sify, Sify Technologies and www.sifycorp.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, 2017, 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:
Praveen Krishna Sify Technologies Limited +91 9840926523 praveen.krishna@sifycorp.com Nikhila Kesavan 20:20 Media +91 9840124036 nikhila.kesavan@2020msl.com Shiwei Yin Grayling Investor Relations +1 646 284 9474 Shiwei.Yin@grayling.com
