Maveric Systems

Maveric Systems is an engineering services company founded in 2000. It works across digital platforms, banking solutions, data technologies, and regulatory systems.[1] Maveric Systems has a dedicated offshore delivery and research center in Chennai, India.

Headquartered in Chennai, India, Maveric Systems has branches in Mumbai, Bangalore, Singapore, Mexico City, London, Dubai, Riyadh, New Jersey, and Kuala Lumpur. The firm operates in the APAC, Middle East.[2]

Maveric Systems
TypePrivate company
IndustryInformation Technology
Founded2000
Founders
  • Ranga Reddy
  • P Venkatesh
  • NN Subramanian
  • VN Mahesh
HeadquartersChennai, Tamil Nadu , India
Key people
Footnotes / references
[3]

History

The company was founded in 2000 by Ranga Reddy, P Venkatesh, NN Subramanian and VN Mahesh. The company initially offered testing services to banks and financial institutions but, by 2012, Maveric Systems diversified into requirements assurance, application assurance, and program assurance. Maveric additionally offered domain specialization, platforms, and technical competency.[4]

In 2018, the company expanded its board to include Chitra Ramakrishna, the former CEO and Managing Director of National Stock Exchange, and D. K. Sharma, a technology specialist and former CIO of Citigroup Global Consumer Banking’s International Business as independent Board of Directors. [5]

Timeline

2007
  1. Partnered with UK's Real Consulting Services Ltd[6]

2008
  1. Introduced Testac, a proprietary intellectual property in the testing domain.[7]
  2. Partnered with Wareef United of Saudi Arabia.[8]

2009
  1. Expanded operations and R&D facilities in Chennai.[9]
  2. Expanded company to the Malaysia & Gulf region.[10]
  3. Generated $8 million in revenue from the Middle East.

2011
  1. Transformed into pure-play testing services company[11]

2012
  1. Maveric transitioned from a software testing company to a technology lifecycle assurance firm

2013
  1. Partnered with DataCede to offer assurance services to insurance providers in the USA.[12]

2016
  1. Appointed 3 Vice Presidents to strengthen the domain, digital, and, technology-led offerings[13]
  2. Collaborated with CA Technologies to respond faster to market dynamics.[14]

2018
  1. Chitra Ramkrishna and D. K. Sharma join the board of Maveric Systems as independent directors.

Awards
  • 2007: Frost & Sullivan's Product Innovation Award for Offshore Testing[15]
  • 2008: Red Herring Asia’s top 100, one of the best IT companies[16]
  • 2011: NASSCOM Exemplary Talent (NExT) Practices Award[17]
  • 2012: Listed amongst the top 100 Global IT and Business Process Outsourcing Companies
  • 2012: Recognised by the Department of Scientific & Industrial Research (Ministry of Science & Technology) for its R&D[18]
  • 2012- 2016: "Best Technology Provider" for 4 consecutive years at the Banker Middle East Industry Awards[19]

References
  1. http://www.sify.com/finance/maveric-systems-moves-upstream-to-offer-assurance-services-news-press-releases-nbesFHjigbesi.html
  2. http://smartceo.co/method-behind-a-maveric/
  3. Verma, Prachi (13 February 2019). "Technology Solutions Provider, Maveric Systems, Appoints New Executive Director". economictimes.indiatimes. Retrieved 21 June 2019.
  4. "Maveric Systems Moves Upstream to Offer Assurance Services". Retrieved 15 September 2016.
  5. https://www.dqindia.com/chitra-ramkrishna-d-k-sharma-join-board-maveric-systems-independent-directors/
  6. "Maveric Systems ties up with U.K. consultant". The Hindu. 21 February 2007. Retrieved 15 September 2016.
  7. "Maveric Systems unveils Testac". www.ciol.com. Retrieved 15 September 2016.
  8. Reporter, B. S. (23 December 2008). "Maveric Systems partners with Wareef United". Business Standard India. Retrieved 15 September 2016.
  9. "Maveric Systems to expand Chennai operations". Retrieved 15 September 2016.
  10. "Maveric Systems Expands Footprint in Malaysia". www.businesswireindia.com. Retrieved 15 September 2016.
  11. Kannan, Shanthi (10 August 2011). "Maveric Systems to offer end-to-end assurance to clients". The Hindu. Retrieved 15 September 2016.
  12. "Free Press Journal". Retrieved 15 September 2016.
  13. "Maveric Systems strengthens its domain, digital and, technology-led offerings; appoints three new Vice-Presidents". www.dqindia.com. Retrieved 15 September 2016.
  14. "Maveric Systems collaborates with CA Technologies on service virtualization platform". Business Standard India. 30 June 2016. Retrieved 15 September 2016.
  15. "Maveric Systems Wins Frost & Sullivan's Product Innovation Award for Offshore Testing". businesswireindia.com. Retrieved 15 September 2016.
  16. "Maveric Systems Receives Prestigious Red Herring Asia 100 Award for the Year 2008". businesswireindia.com. Retrieved 15 September 2016.
  17. "Maveric Systems Wins NASSCOM Award for Partnering with Academia at the NASSCOM Exemplary Talent (NExT) Practices Awards 2011". Retrieved 15 September 2016.
  18. "Maveric Systems Wins Recognition from the Department of Scientific & Industrial Research (Ministry of Science & Technology)". Retrieved 15 September 2016.
  19. "Maveric Systems recognized as the 'Best Technology Provider' at Banker Middle East Industry Awards, for the fourth consecutive year| ChennaiCityNews". www.chennaicitynews.net. Retrieved 15 September 2016.
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