Sify Reports Big eLearning Wins

SIFY Reports U.S. GAAP Results for the year and fourth Quarter ended 31st March 2007

International Business:

Sify continued its thrust in expanding its international business, led by two lines of service; Remote Infrastructure Management and Corporate eLearning Services. Both lines of business are seeing excellent customer traction and several important wins in the last quarter:

-- Sify has been chosen by a California based market research company focused on the wireless space to remotely manage their IT infrastructure

-- Sify has been chosen by a global consumer products company headquartered in UK to remotely manage their server infrastructure. Sify will be delivering these services from its global management center in Chennai

-- Sify has been selected as the preferred eLearning services partner by one of the world's largest pharmaceutical companies, for whom Sify is already providing eLearning content development as well as remote infrastructure support for their learning technology platforms. Sify expects this engagement to scale to $3-4 Million per year in the next 12-18 months

-- Sify has been awarded substantial repeat orders from a global leader in computer software, to provide eLearning courseware for several of their current and forthcoming products. This relationship is expected to yield $3-4 Million in revenues in 2007-08

-- Sify has been chosen as the learning services provider by a global leader in aero energy to provide a range of learning services including learning strategy design and content development. Sify has already completed the design phase and will now be developing a range of eLearning courses over the next 2 years, valued at over $3.0 Million.

As part of its international expansion, Sify has opened new sales offices in London and Dubai. This is in addition to its two existing offices in California and New Jersey, USA.