"According to an IDC report on the software testing industry, the market opportunity for the Indian offshore testing companies is currently $2 billion, and is estimated to rise to $8 billion in 2008," said Mr. Ranga Reddy, chief executive officer, Maveric Systems.

"Testac has led to a paradigm shift from a pure service model to an IP based services model thereby making us the only Indian company to have its proprietary intellectual property in the testing domain. The financial services domain expertise of our testing team coupled with our knowledge embedded design workbench have resulted in significant benefits to our customers," he added.