Showing posts with label Maveric Systems. Show all posts
Showing posts with label Maveric Systems. Show all posts

Monday, June 16, 2014

Maveric Systems wins award for ‘Best Banking Technology Partner’

Maveric Systems wins award for ‘Best Banking Technology Partner’
Maveric Systems, a leading provider of IT Lifecycle Assurance with a strong focus on the BFSI and Telecom sectors, has won the award in the Best Banking Technology Partner Award category at the 14th Annual Banker Middle East Industry Awards. The company is winning this award for the second consecutive year. Instituted by CPI Financial – a leading financial media company in the Middle East, the Banker Middle East Industry Awards is the region’s leading financial event to recognize both corporate and individual distinctions amongst top performers in the financial services.

Winners this year were selected from across the United Arab Emirates, Qatar, Saudi Arabia, Oman, Kuwait, Bahrain, Jordan and Lebanon by popular vote, gathered amongst the technology decision makers and business leaders of banks and financial institutions in the Middle East.

Speaking on the occasion, Mr. Ranga Reddy, CEO and Co-founder, Maveric Systems, said, “We are delighted to have won this award second time in a row. I thank all our clients and partners for making this win possible and would like to reiterate Maveric’s commitment to keeping their clients’ success above all other considerations. In FY 14, more than 40% of our revenue came from the Middle East region. This award is a validation for the good work we have done so far.”

Commenting on the work done by Maveric in the Middle East region, Mr. Hari Babu T, Vice-President and Head – Business Development, Middle East said, “Our approach has been to develop integrated assurance solutions that address our customers’ growth and efficiency-led IT challenges and develop tools and methodologies that accelerate delivery. Banks and financial institutions in the region see IT as a strategic tool and are advanced in technology maturity and adoption; this has led to several successful partnerships across the region.”

Maveric has been working closely with all the banks and financial institutions that have embarked on major business and technology transformation in the Middle East market for the past ten years. The company is currently working with twenty two top banks in the region, including SAMBA, RAK Bank, UNB, SHB, Bank Muscat, NBD, Al Watany Bank, DIB, QNB, ADIB, KFH, Al Wifaq, BBK, Emirates Bank, Al-Hilal Bank, Ajman Bank and Al Rahji Bank. The company has equal expertise across Greenfield and Brownfield projects and has worked with almost every new Bank in Middle East.

Wednesday, January 4, 2012

Maveric Systems wins recognition from the Department of Scientific & Industrial Research (Ministry of Science & Technology)


Maveric Systems, a leading global independent software testing specialist, today announced that its R&D facility has been accorded recognition by the Department of Scientific & Industrial Research (DSIR). Located in the IIT Madras Research Park, Maveric’s R&D facility is now a registered unit with the DSIR. This accreditation comes after an exhaustive, 18-month long assessment by the DSIR and is a validation of Maveric’s significant R&D efforts in Software Testing.

Department of Scientific & Industrial Research (DSIR) comes under the Ministry of Science & Technology and is the nodal department for granting recognition to in-house R&D units in Industry, and Scientific and Industrial Research Organizations (SIROs). The key objectives of DSIR are to bring in-house R&D into sharper focus, strengthen R&D infrastructure and promote R&D initiatives, and ensure that the contributions made by the in-house R&D centres and SIROs dovetail adequately in the overall context of technological and industrial development.

This accreditation will fuel further investments into collaboration initiatives with teaching and research institutes and also enable better access to government institutions looking for testing tools and services.

Maveric’s R&D facility in IIT Madras Research Park

Maveric has an MoU with IIT Madras, wherein IIT Madras helps Maveric further its R&D in software testing through a combination of research projects, consultancy, student sponsorship and joint IP development activities. Under the aegis of this partnership, Maveric set up a dedicated R&D facility with a 40-member team in IIT Madras Research Park in July 2010. This R&D centre has a strong focus on creating IP that helps to substantially improve the quality of test design, quickens test execution and achieves exponential reduction in testing cycle times. (See table for details.)

Maveric’s R&D focus

1. Testac: Domain-independent Test Design Framework which helps to significantly reduce Test Design timelines and therefore enables faster deployment of applications by business

2. Functional Domain Models: Encapsulation of process, rules and key drivers relating to specific functional domains to ensure reliable test coverage

3. Automate: Tools and frameworks to quicken the execution timeframes


Commenting on the accreditation, Mr. V N Mahesh, Executive Director and Co-founder of Maveric Systems, said, “This recognition is a huge honour and great validation of our IP strength and capabilities. Over the last 3 years, we have invested about INR 3 crore in R&D aimed at furthering our twin mantras of ‘Design Better’ and ‘Execute Faster’. This accreditation is a strong acknowledgement of our ongoing commitment to innovation and will provide a fillip to our objective of achieving over 30% of revenues from IP-enabled services by 2014.”

About Maveric Systems

Started in 2000
, Maveric Systems is a leading global independent software testing specialist with a strong focus on the BFSI sector. Maveric has end-to-end software testing capabilities covering test process consulting, managed testing services, transformation testing, business-as-usual testing, non-functional testing, security testing and testing program management. Maveric’s client portfolio includes a wide array of renowned banks, financial institutions, insurance companies, leading software product companies, governments and system integrators. Headquartered in Chennai, the company has offices in Mumbai, Bangalore, Dubai, Riyadh, London, New Jersey, Singapore and Kuala Lumpur. Maveric also has a dedicated global offshore delivery centre and a Testing R&D lab in Chennai. Please visit: http://www.maveric-systems.com/

Sourced From: 20:20 MSL