BWI: Maveric Systems Deepens Europe Focus

Press release from Business Wire India
Source: Maveric Systems
Thursday, February 03, 2011 06:19 PM IST (12:49 PM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Information technology; Technology
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Maveric Systems Deepens Europe Focus


Chennai, Tamil Nadu, India, Thursday, February 03, 2011 -- (Business Wire India) -- 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.

About Metro Bank

Metro Bank was co-founded by Vernon Hill and Anthony Thomson. It is based on the successful Commerce Bank model that was established by Vernon Hill in the US in 1973. A UK management team worked with Vernon Hill to help bring this model to the UK market.

Metro Bank operates retail hours, not banking hours. It will be open seven days a week (8am- 8pm Monday to Friday, 8am - 6pm Saturday, 11am - 4pm Sunday and bank holidays), every day of the year apart from Good Friday, Easter Sunday, Christmas Day and New Year's Day.

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. 'Metrobank' is the registered trade mark of Metro Bank PLC.

Metro Bank PLC is authorised and regulated by the Financial Services Authority (FSA)in relation to our acceptance of deposits and provision of investment and insurance services. In relation to our consumer credit business, Metro Bank PLC is licensed and regulated by the Office of Fair Trading and not by the FSA. Most relevant deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website www.fscs.org.uk.

All Metro Bank products are subject to status and approval.
Metro Bank PLC is an independent UK bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.
Metro Bank is led by a talented team of UK Executives:
-- Craig Donaldson, Chief Executive Officer, formerly Managing Director of Retail Banking at Royal Bank of Scotland
-- Paul Marriott-Clarke, Managing Director, Retail Banking, formerly Managing Director, Network South, Retail, HBOS
-- Mark Price, Managing Director, Commercial Banking, formerly Managing Director, Commercial Banking South, Barclays
-- Aisling Kane, Chief Operations Officer, formerly Director of UK Operations at Anglo Irish Bank
-- Mike Brierley, Chief Financial Officer, formerly Director, Business Risk at Barclaycard
-- Mike Hudson, Chief Risk Officer, formerly Group Head of Risk at Hitachi Capital

Its non-executive directors are:

-- Stuart Bernau, former Retail Director, Nationwide Building Society
-- Keith Carby, Co-founder, J Rothschild Assurance
-- Howard Flight, Founder, Guinness Flight Asset Management. Howard Flight has been appointed a peerage and will join the House of Lords
-- Ben Gunn, former Chief Executive of Friends Provident Life & Pensions
-- Vernon Hill, Founder of Commerce Bank
-- Eugene Lockhart, former CEO of Midland Bank and MasterCard International and former President, Global Retail Banking at Bank of America
-- Anthony Thomson, Chairman, Financial Services Forum. Anthony Thomson is one of the Evening Standard's London's 1000 most influential people 2010
-- Graeme Hardie, Senior Adviser, Financial Services Authority

About Maveric Systems

Maveric Systems is a trusted global independent software testing specialist with a strong and dedicated focus in the banking, financial services and insurance verticals. With over a decade's experience in the field, Maveric has consistently proven the excellence of its testing practices . Maveric brings end-to-end software testing capabilities to client engagements, covering test strategy, test planning, execution, defect management, closure and documentation. A strong focus on IP led framework has significantly enhanced the quality of delivery.

Maveric's business scalability is directly aligned with its in-depth domain knowledge and best in class resources, offering highest ROI to clients.

Rated at a high 94% in customer satisfaction, Maveric's client portfolio includes a wide array of renowned banks, financial institutions, insurance companies, leading software product companies and system integrators.

Headquartered in Chennai, the company has offices in Mumbai, Bangalore, Dubai, Riyadh, London, New Jersey and Kuala Lumpur. Maveric also has a dedicated global offshore delivery centre and a Testing R&D lab in Chennai.



CONTACT DETAILS
Sudeep K Lakkaiah , Maveric Systems, +91 44 28207690 / +91 94447 52040, sudeepkl@maveric-systems.com
Aparna Hari, IPAN Hill and Knowlton, +91 44 28275294 / +91 99628 89614, ahari@ipanhillandknowlton.com

KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY

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