Sify slow on path to profit

new delhi: for nasdaq-listed satyam infoway, path to profitability is on track. however, it will take a little longer time as bandwidth prices have not come down as anticipated in october last year. “the downward revision of bandwidth prices has come later than expected but we are still on track on our path to profitability,� r ramaraj, md and ceo of satyam infoway told the times of india.“we could have achieved profitability much faster if bandwidth prices had come down as expected,� he added. on sify’s certifying authority arm (issues digital certificates), ramaraj said safescrypt has bagged the contract for providing digital certificates to icici direct, the online brokerage arm of the icici group and l&t group. the deal is expected to make online trading on the icici direct site a more secured one. however, ramaraj did not reveal the size of the deals with these two companies. on issuing of digital certificates to individuals, ramaraj informed that the infrastructure was ready and safescrypt would be starting issuing personal digital certificates “shortly�. meanwhile, the md of safescrypt atul saran has quit and is being replaced by dasaratha raman who is taking charge of the company. safescrypt, a verisign affiliate, became the first indian company to receive the license to operate as a certifying authority. a digital signature certificate is a secure electronic digital identity of an individual on the internet. consumers can digitally sign e-mails, documents, any transaction or communication. certificates issued by a certifying authority are legally recognised in a court of law in india and are given the same status as that of physical signatures.