Maveric signs up 3 major customers

MUMBAI: Maveric Systems, a software testing company with strong focus in the banking, financial services and insurance vertical, on Wednesday signed three significant customers in India, GE Capital International Services (GECIS), State Bank of India (SBI) and Indian Bank.

The initial contract value for Indian Bank is Rs. 85 lakhs. GECIS and SBI are outsourcing a string of engagements to Maveric that are expected to bring in revenues in excess of Rs. 1 crore during this year, Maveric systems CEO, Ranga Reddy.

Reddy said complete the system testing, user acceptance testing, usability testing and performance testing for Indian Bank in six months. GECIS chose Maveric as the testing partner for their Centre of Excellence for testing in Hyderabad. Maveric has ramped-up to a 40 member team in GECIS for both functional and performance testing requirements across multiple projects.

For State Bank of India, Maveric will execute a series of engagements in the Core Banking, Trade Finance and Treasury related areas.