TSX higher on employment data
CHENNAI, India - Sify Infinit Spaces Limited (SISL), a subsidiary of Nasdaq-listed Sify Technologies Limited (NASDAQ:SIFY), announced Friday that Mark Adams has joined its board as a Non-Executive and Non-Independent Director. The appointment comes as Sify, a prominent player in telecommunication services, has shown remarkable performance with a 258% year-to-date return and currently trades near its 52-week high of $10.44.
Adams brings extensive experience in data center infrastructure, having previously served as Chief Development Officer at Equinix for 10 years. During his tenure, he oversaw corporate strategy, mergers and acquisitions, and real estate investments.
Currently, Adams serves as a Senior Advisor to Global Infrastructure Partners, a part of Blackrock, and as a Board Advisor for Cyrus One and True IDC. He is also a Founder and Director of Kasi Cloud, a data center startup based in Nigeria.
"Mark brings to the table a combination of business with multi-geography exposure and technology foresights at some of the finest peers in the Data Center industry," said Raju Vegesna, Chairman of SISL.
Adams holds an M.B.A. with Distinction from the Wharton School of the University of Pennsylvania and a B.A. in Economics with Distinction from Cornell University.
SISL currently operates 14 data centers across six cities in India as of June 2025, serving over 500 clients including hyperscalers and enterprise customers.
The information in this article is based on a company press release.
In other recent news, Sify Technologies reported its Q1 FY 2025-2026 earnings, showcasing a 14% revenue increase year-over-year, bringing in INR 723 million. Despite this revenue growth, the company faced a loss before tax of INR 322 million. Sify Technologies continues to make strategic investments, with capital expenditures amounting to INR 2,874 million, indicating a focus on infrastructure development. Additionally, Sify Infinit Spaces, a subsidiary of Sify Technologies, announced the appointment of Dr. Tom Bradicich as an independent director to its board. Dr. Bradicich brings a wealth of experience from his previous roles at IBM, National Instruments, and HPE. His addition to the board aligns with the company’s strategic goals and ongoing expansion efforts. These developments reflect the company’s commitment to growth and strategic planning.
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