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Maveric Systems develops automated software test tool
By Vimali Swamy
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Friday, 08 February 2008, 01:39 IST
Chennai: Targeting a higher share in the $8 billion Indian offshore testing opportunity, Chennai based independent software testing firm, Maveric Systems, Wednesday announced the availability of its proprietary test design workbench, Testac.
Developed at an investment of around $1 million, Testac promises to improve test coverage and crash timelines by over 40 percent in business critical software and systems.
Testac is a knowledge embedded design workbench that forces a detailed systematic view of the application under test by following business processes and transaction flows to generate scenarios and cases. Thus, it enhances the quality of testing services and compresses test cases to a fraction of 10. Testac will not be a licensed tool but will be used to leverage the company's testing operations.
Addressing the media, Ranga Reddy, Co-founder and CEO, Maveric Systems, said, "With Testac, Maveric has made a paradigm shift from a pure service model to an IP based service model. We are aiming to generate about 30 percent of the revenue from IP led services."
The Testac can test software products in the space of retail banking, wholesale banking and Islamic banking. Testac had also recently won the 'Product Innovation Award' by Frost & Sullivan in the software-testing category.
Founded in 2000, Maveric is headquartered in Chennai with presence in India, UK, Middle East and the U.S. The company is focused on providing testing services for Banking verticals and will soon foray into testing insurance software products.
For the next fiscal, the company is targeting revenues of 
670 million and a profit of 130 million. The company gets around 80 percent of its revenues from overseas clients.
Comenting on the worries over appreciating rupee, Reddy said, "Our revenue from the U.S. is very small. Our overseas billings are made in respective country currencies and hence we are not affected by the dollar depreciation vis a vis Indian rupees or other currencies."
670 million and a profit of 130 million. The company gets around 80 percent of its revenues from overseas clients.
Comenting on the worries over appreciating rupee, Reddy said, "Our revenue from the U.S. is very small. Our overseas billings are made in respective country currencies and hence we are not affected by the dollar depreciation vis a vis Indian rupees or other currencies."
