Chennai, Feb 06 (UNI) Maveric Systems Limited, one of India's top software-testing companies, today launched "Testac", its first proprietary test design workbench.
Speaking at the launch function, its CEO Ranga Reddy said Testac would significantly improve test coverage and crash timelines by over 40 per cent in business critical software and systems.
He said about one million USD has been invested for the development of Testac over the last three years.
Testac-led services would fuel Maveric's growth and increase its revenues by 30 per cent in the next three years.
It was at present available in three different suites, Testac Retail Banking (core, consumer and mortgage), Testac Wholesale Banking (Core and corporate lending) and Testac Islamic Banking (retail and corporate). ''We will soon launch it in the Insurance sector also'', he dded.
Quoting an IDC report, he said the market opportunity for the Indian offshore testing companies was expected to rise to eight billion dollars this year from the present two billion dollars.
''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.
Over the last six months, Maveric has deployed Testac for their clients in the middle-east including The Dubai Islamic Bank, Bank Muscat and Emirates Bank.
UNI GV VV SSI1831
Speaking at the launch function, its CEO Ranga Reddy said Testac would significantly improve test coverage and crash timelines by over 40 per cent in business critical software and systems.
He said about one million USD has been invested for the development of Testac over the last three years.
Testac-led services would fuel Maveric's growth and increase its revenues by 30 per cent in the next three years.
It was at present available in three different suites, Testac Retail Banking (core, consumer and mortgage), Testac Wholesale Banking (Core and corporate lending) and Testac Islamic Banking (retail and corporate). ''We will soon launch it in the Insurance sector also'', he dded.
Quoting an IDC report, he said the market opportunity for the Indian offshore testing companies was expected to rise to eight billion dollars this year from the present two billion dollars.
''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.
Over the last six months, Maveric has deployed Testac for their clients in the middle-east including The Dubai Islamic Bank, Bank Muscat and Emirates Bank.
UNI GV VV SSI1831
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