Chennai, Tamil Nadu, India
Maveric Systems, one of India's top three independent software testing companies with a strong focus in the banking, financial services and insurance (BFSI) vertical, today announced its exclusive strategic partnership with Mission Assurance and Testing Ltd, a leading UK-based independent software testing provider and a fully owned subsidiary of the Capita Group PLC, a FTSE 100 company to offer managed services to customers. With this partnership, Maveric Systems is aiming at a 100% year-on-year growth rate in the UK and Europe market.
Under the terms and conditions of the agreement, Mission will take accountability for initial assessment, service definition and onsite service delivery while Maveric will play a key role in service transition and offshore service delivery. In addition, Mission and Maveric will share the investments in capability demonstration and non-commercial pilots.
"This partnership with Mission is a milestone in the history of Maveric. With this partnership, we would move up from being predominantly a domestic client-focused organization to a global offshore testing player. UK is an integral part of Maveric's international expansion plans and currently revenues from the UK market account to ₤ 2 million. Moving forward, we would also be looking at extending the reach of managed services to other destinations in Europe," said Mr. Ranga Reddy, Chief Executive Officer, Maveric Systems Ltd.
Said Mr. Chris Shaw, Managing Director, Mission Assurance and Testing Ltd, "At Mission, we are constantly exploring partnership opportunities for an offshore solutions centre and we felt that Maveric and Mission have complementary capabilities. This alliance will be a winning proposition for our customers with Maveric's strong vertical centric design and test execution combined with Mission's focus on test process consulting, strategising and management".
Currently Maveric would execute three commercial pilots during the third quarter for clients in the insurance, educational and content management vertical and subsequently ramp up the operations.
About Maveric Systems Ltd
Maveric Systems Ltd. is one of India's top three independent software-testing companies with a strong and dedicated focus in the banking, financial services and insurance verticals since the year 2000. Over the past six years, Maveric has been pioneering the outsourcing model in software testing by virtue of its insightful knowledge in the banking and financial services vertical, strong core management team and multi-locational testing facilities. As a leading pure-play, independent software testing company, Maveric significantly enhances the functionality, usability and performance of IT solutions, empowering its customers with a definite cost advantage. Maveric's impressive client profile includes a wide array of leading software product companies, system integrators and financial institutions. With employee strength of 300, Maveric has a significant presence in Bangalore, Chennai, Mumbai, Dubai and London.
For more information on Maveric Systems, please visit www.maveric.co.in
About Mission Assurance and Testing Ltd
Mission Assurance and Testing Ltd (Mission) is the UK's largest systems quality assurance and testing solutions provider. Mission's services enable organisations to prevent as well as detect issues in their IT delivery. This allows them to reduce risk, optimise cost and increase business performance across the full IT lifecycle. Since 2002, Mission has been part of The Capita Group Plc, the UK's leading professional and support services organisation. Mission's clients have confidence in working with a FTSE 100 quoted company combined with the focus of an independent specialist. Mission's clients include major organisations from all industry sectors, including finance, technology, telecom, retail, media and public sector.
For more information on Mission Assurance and Testing Ltd, please visit www.mission-at.com
Mr. N N Subramanian , Maveric Systems Limited, +91(044) 2820 7690 subbunn@maveric.co.in
Anu Lakshman, IPAN, +91(044) 2821 7294 anu.lakshman@jwt.com
Source: Maveric Systems (Business Wire India)
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