BWI: Maveric Systems on Expansion Mode

Press release from Business Wire India
Source: Maveric Systems
Tuesday, April 28, 2009 06:35 PM IST (01:05 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Education & training, Information technology; Technology
Release no: 19813
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Maveric Systems on Expansion Mode
Ramps Up Infrastructure with Two Additional Centres in Chennai

Chennai, Tamil Nadu, India, Tuesday, April 28, 2009 -- (Business Wire India) -- Maveric Systems, one of India's leading dedicated software testing companies, announced the expansion of its Operations and R & D facilities in Chennai today. These facilities will enable Maveric Systems to scale up their infrastructure to meet the growing demands from clients. Maveric is increasing its investment and focus on Research & Productivity Tools development. The new offshore facility is situated at the Larson & Toubro Estancia, GST Road, Chennai and the new research and Intellectual Property Development facility is located at the IIT Madras Research Park at Adyar. A total investment of Rs. 8 crores has gone into these facilities. Maveric expects to move into these new facilities by July 2009.

Mr Venkatesh, Director and Co-Founder, Maveric Systems said "In the current market conditions, clients are more willing to explore offshore delivery models. Being a niche player, it is also important for us to strengthen our Intellectual Property through increased focus on Research & Development and Innovation." He also said "This move will help us consolidate our leadership position in the Software testing domain and achieve the projected 35 percent growth during this fiscal year."

The offshoring facility at GST road will span over an area of 25,000 sq ft, in two phases, with the first phase scaling up to 200 employees by the end of this year. This facility will play a crucial role in delivering quality services to clients across Middle East, and United Kingdom with an increased focus on the APAC markets.

The research facility at the IIT Madras Research Park will house a dedicated 40 member team within 5000 sq ft. The team will work closely with the finest minds from academia through a combination of research projects, consultancy and student sponsorships at the Research Park, to create innovative IP that gets deployed globally on Maveric's client engagements.

The offshoring unit along with the IIT Research Park facility will enable Maveric to deliver process driven Functional, Non-Functional and test automation services for its clients.

For more information on Maveric Systems, please visit www.maveric-systems.com

About Maveric Systems Ltd

Maveric Systems Ltd. is one of India's top three independent software-testing companies since the year 2000. Over the past nine years, Maveric has been pioneering the outsourcing model in software testing. Maveric has successfully moved up the value chain in software testing by taking clients away from a resource augmentation model to provide value added IP-led services that significantly enhances quality of applications deployed by clients. As a leading pure-play, independent software testing company, Maveric today has multiple delivery locations in India, UK, Middle East, USA and proposed centres in APAC. Maveric's impressive client list includes a wide array of leading software product companies, system integrators and financial institutions. With a dedicated talent pool of testing professionals, Maveric has been growing rapidly over the past nine years.


CONTACT DETAILS
P Venkatesh, Maveric Systems Limited, +91 44 28207690, venkateshp@maveric-systems.com
Anu Lakshman, IPAN, +91 9841039574, anu.lakshman@ipan.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, EDUCATION, IT, TECHNOLOGY

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