Sify Technologies announces channel partnership with Colt Technology Services for Europe

Rhea-AI Summary

Sify Technologies Limited (NASDAQ: SIFY) has announced a partnership with Colt Technology Services to enhance connectivity in Europe. This collaboration will facilitate the efficient migration of Oracle Cloud workloads via Colt’s high-bandwidth On-Demand services. Businesses in Europe can now benefit from Sify’s Oracle consulting experience combined with Colt’s flexible network solutions, ensuring faster, secure cloud transitions at reduced costs. The partnership positions Sify as a key player in cloud services, leveraging its extensive capabilities to meet the growing demand for managed IT solutions.

Positive

• Partnership with Colt enhances Sify's cloud service offerings in Europe.
• Flexible On-Demand connectivity can lead to cost savings for customers.
• Combines expertise in Oracle workload migration, enabling faster adoption of cloud services.

Negative

• None.

Chennai, Tamil Nadu, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), India’s most comprehensive ICT solutions provider with global service capabilities spanning Data Centers, Networks, Cloud, Infrastructure Managed services and Applications management, today announced a channel partnership with Colt Technology Services, a leading provider of high bandwidth and on-demand connectivity, to cover the European geography.

The partnership introduces Sify’s collaborative practices for Oracle Cloud Infrastructure (OCI), the Infrastructure-as-a-Service that delivers on-premises computing power to run cloud-native and enterprise company’s IT workloads. This is made possible by Colt’s network connectivity capability with its On Demand service allowing specifically for connectivity to be flexed up for the OCI migration. Translated, that means, the customer gets the additional connectivity only when it is required.

Multiple businesses across Europe are beginning to leverage the full benefits of Oracle Enterprise Cloud offering. Most of these businesses are also struggling with expertise to plan and migrate Oracle workloads and licencing to a more commercially viable solution. This new partnership allows the adoption of OCI to be done efficiently over a fast, reliable, and secure network connection.

With Colt’s Dedicated Cloud Access and On-Demand offerings, customers can securely and reliably provision new connectivity services on a low latency, high-performance network in a matter of hours compared to weeks and months. The On-Demand offering scales the bandwidth as per the application or workload consumption patterns thereby resulting in substantial cost savings.

Justin Polley, Commercial Director, Sify Europe said, “This engagement combines Sify’s deep Oracle consulting experience with Colt’s European flexible networking services. The combination enables Oracle Cloud adoption at a much faster pace, to extremely high standards and at a much lower cost. Furthermore, the unification of resources brings unrivalled expertise in migrating many other types of databases to the Public cloud”.

Colt was the clear choice for this partnership because they have invested heavily in best-in-class Cloud connectivity to deliver dedicated, secure, and high-bandwidth connectivity in near real-time customer Cloud migrations.

Mark Hollman, VP Partner Development & Success, Colt said, “We know there’s a direct correlation between the success of enterprise cloud projects and reliable connectivity. Moving to the cloud is more mission-critical than ever, and Enterprises need a robust cloud connectivity strategy to evolve. That’s why we are delighted to partner with Sify. Together, we can unlock and amplify our joint value to power Enterprises’ migrations to Oracle Cloud”.

Sify is an accredited member of the Oracle Partner Network for the OCI Cloud Sell and Service specifically in the areas of solution assessment, implementation and migration, Cloud management, colocation and DR-as-a-service. 

About Sify Technologies

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 1600 cities in India.

It has sales and operations globally in the UK, Singapore, United States and UAE. In Europe, Sify operates as an offshore Telecoms Network and Digital services enabler working through a channel partnership model.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

About Colt Technology Services

Colt Technology Services provides world-class network and voice connectivity to businesses in Europe, Asia and the US. The Colt IQ Network connects 900+ data centres across Europe, Asia and North America's largest business hubs, with over 29,000 on net buildings and growing. Colt is an Oracle Partner Network member and a Global OCI Fast-Connect Partner, providing point-to-cloud and multi-cloud Ethernet connectivity solutions. Colt have been specialists in their field for over two decades and are recognised as an innovator and pioneer in Software Defined Networks (SDN) and Network Functions Virtualisation (NFV).

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, 2021, 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:

Attachment

• Colt & Sify

FAQ

What is the significance of the partnership between Sify and Colt Technology Services?

The partnership aims to enhance cloud connectivity and streamline Oracle Cloud migrations for businesses in Europe.

How does the On-Demand service from Colt benefit Sify's customers?

It allows customers to scale bandwidth as needed, resulting in lower costs and faster provisioning.

What services will Sify provide in the partnership?

Sify will offer Oracle consulting and migration services, leveraging Colt's network for better connectivity.

What does this partnership mean for Sify's position in the cloud services market?

It positions Sify as a strong player in the growing European cloud market, enhancing its service capabilities.

When was the partnership between Sify and Colt announced?

The partnership was announced on September 1, 2021.