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Maveric Systems

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Founded
  
2000

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Maveric Systems is a Technology Assurance Service Provider across the Software Development Life Cycle (SDLC). It was founded in 2000 by Ranga Reddy, P Venkatesh, NN Subramanian and VN Mahesh. At its inception its main service offering was Independent Software Testing. Since then, the firm has diversified and expanded into other aspects of technology assurance as well. The firm largely operates in the APAC, Middle East and UK markets

Contents

It has its headquarters in Chennai, India with branch offices in Mumbai, Bangalore, Singapore, London (United Kingdom), Dubai (United Arab Emirates), Riyadh (Kingdom of Saudi Arabia) and Kuala Lumpur (Malaysia).

History

The company was founded in 2000 by Ranga Reddy, P Venkatesh, NN Subramanian and VN Mahesh. During the early 2000s, technology offerings in India were growing more diverse and complex as companies made investments across functions. The initial plan for Maveric was to help and invest in companies that showed great promise prompting the tag line ‘catalysing business’. In the early 2000s Maveric received its first project for software testing from Standard Chartered and Citigroup, who were setting up their subsidiaries in Chennai. This project demonstrated a visible gap in the market and prompted them to change tracks towards the software testing and technology assurance space.

Business

Maveric Systems is an independent software testing specialist. They provide Integrated Application Assurance services across the Banking, Telecommunication and Insurance sectors. They have been providing integrated assurance services across the IT lifecycle for key banking domains which include retail & corporate banking, payments, multi-channels, wealth management, regulatory & compliance, and equities & derivatives. Maveric is the last remaining firm that specialises in “Pure-play Testing” in India today

Milestones

  • 2007 - Strategic Partnership with UK's Real Consulting Services Ltd to offer support to U.K. banks for testing `Faster Payments' business and technical solutions.
  • 2008 - 1) Introduction of Testac, a proprietary intellectual property in the testing domain. 2) Strategic partnership with Wareef United of Saudi Arabia to offer independent software testing services.
  • 2009 - 1) Expansion of Chennai operations and R&D facilities in Chennai. 2) Expanded company to the Malaysia & Gulf region. 3) 50% of total revenue was generated from the Middle East amounting to $8 million (Direct Downloadable file).
  • 2011 - Transformed into pure-play testing services company to provide end-to-end assurance to all its clients
  • 2012 - Expanded into other domains to offer assurance services. Maveric repositioned itself as a Technology Lifecycle Assurance firm instead of a software testing company
  • 2013 - Partnered with DataCede to offer Assurance Services to Insurance providers in the USA.
  • 2016 - 1) Appointed 3 Vice Presidents to strengthen the domain, digital and, technology-led offerings 2) Collaboration with CA Technologies with an aim to rapidly accelerate time-to-market and drive business agility to respond faster to market dynamics.

    • Awards

  • 2007: Frost & Sullivan's Product Innovation Award for Offshore Testing
  • 2008: Red Herring Asia’s top 100, one of the best IT companies
  • 2011: NASSCOM Exemplary Talent (NExT) Practices Award
  • 2012: Listed amongst the top 100 Global IT and Business Process Outsourcing Companies
  • 2012: Recognised by the Department of Scientific & Industrial Research (Ministry of Science & Technology) for its R&D
  • 2012- 2016: “Best Technology Provider” for 4 consecutive years at the Banker Middle East Industry Awards

    • References

    Maveric Systems Wikipedia
    (Text) CC BY-SA