Sify's New Management Has an Excellent Track Record

Sify Ltd. (SIFY) announced the hiring of a new CTO and COO this week. Only the CFO remains from the earlier management team. The new CTO comes with significant American experience and so far I don’t have much detail on the new COO. The question is how much will these guys get paid and will that negatively affect the numbers?

CTO

Bhaskar Sayyaparaju was hired as the Chief Technology Officer at Sify. According the press release, Bhaskar is an M.S. in Computer Science with a successful track record of IT leadership in the United States, with broad experience across infrastructure operations, network management, process development, application development/deployment, database management, website operations, desktop support operations and data center management. Bhaskar’s last position was General Manager of ServerEngines (India) Private Ltd. after being the Director of Information Systems at Nvidia Corporation at Santa Clara, California, USA.

Profile on Linkedin.

Current:

* Director of IS, Business Applications at Nvidia

Past:

* Director of IT at Handspring
* Director of IT at Cidco Inc
* Sybase DBA at Well Fargo Nikko investment advisors

COO

Also, ContentSutra.com has an article saying Venkat Suri will be the new Chief Operating Officer at Sify. The link to the Economic Times story wasn’t provided and I haven’t been able to find this news on EconomicTimes.com. The site also mentions that Venkat Suri is known to be close to Vegesna, and has founded an infrastructure firm, and was also with FMCG company ITC Ltd. for 15 years.

SIFY 1-yr chart:

Full Disclosure: I am long Sify