MAVERIC SYSTEMS DEEPENS EUROPE FOCUS

FOR IMMEDIATE RELEASE
Mamallapuram, Tamil Nadu, India, Republic of (Free-Press-Release.com) February 3, 2011 -- Maveric Systems, a globally trusted independent software testing specialist, is expanding its presence in UK and Europe with the ongoing successful delivery of end-to-end testing services for Metro Bank. This project has generated significant interest as Metro Bank is the first new high street bank to be licensed in the UK, in over 100 years. The Bank went live in July 2010. Maveric continues to support Metro Bank in various testing initiatives on an ongoing basis, as the Bank continues to expand its service offering.

“As a highly customer focused organisation, we at Metro Bank realize that a swift, robust and comprehensive core banking software testing solution is important for the bank. Maveric brought with it a huge repository of test artifacts and was able to play a significant part across the entire testing process. We were confident that Maveric’s rigorous testing cycles would help us to meet our ambitious quality and customer satisfaction goals. Maveric’s presence provides us the assurance that our testing would have the highest standards of performance”, says Craig Donaldson, Chief Executive Officer at Metro Bank.

“Our dedicated focus in the Banking, Financial Services and Insurance vertical gives us an edge in the competitive testing market. Moreover our proven track record in designing and delivering superior testing solutions played a vital role in clinching the deal. UK and Europe are a crucial part of Maveric’s global expansion plans and this will further strengthen our foothold in the region.” says Mr. Ranga Reddy, CEO, Maveric Systems Limited.

Having made inroads in the Benelux region by successfully delivering testing services to a Banking client in Luxembourg for the last 12 months, Maveric is currently running an active sales campaign in the region. “We have had a very warm response from the market and see lot of potential here” says N N Subramanian, Director. “We are in advanced level of discussions with few prospects and will be looking to close two new engagements in the next 12 months”

A significant portion of Maveric’s revenues come from Europe. With a consolidated portfolio of fifteen clients across the UK and Europe banking sector, Maveric forecasts five more wins in the UK & Benelux region in 2011.