Maveric unveils Testac in India

New Delhi: Maveric Systems, India’s independent software-testing companies, announced the availability of Testac, a proprietary test design workbench which hallmarks Maveric’s expertise in Testing. Testac promises to improve test coverage and crash timelines by over 40 percent, in business critical software and systems. Approximately $1million has been invested into the development of Testac over the last three years. The company said that Testac-led services will fuel Maveric’s growth and increase their revenues by 30 percent in the next three years. It is now available in three different suites namely, Testac Retail Banking (core, consumer and mortgage), Testac Wholesale Banking (Core and corporate lending) and Testac Islamic Banking (retail and corporate).

Ranga Reddy, chief executive officer, Maveric Systems, said, “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. 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.”

Maveric Systems