Maveric Systems

After exploring various markets in the Asia Pacific region, Maveric selected Malaysia, as its next overseas market for expansion.

When it begins operations by next month, Maveric will focus on banking, insurance and the government sector.

“We will be looking at software testing in insurance, Islamic finance, Takaful and commercial banking. Our audience will be the middle-level executives in these institutions. Malaysia has shown lot of commitment towards improving quality and services.Institutions are also realising the need for efficiency,” P. Venkatesh, a director of Maveric, told Bernama.

The company had set a modest revenue target of US million (RM7 million) from its Malaysian operations within the first two years.

In parallel to its investments in software testing, Maveric has tied up with the Malaysia University of Science and Technology (MUST) to hone local talent as part of its long-term human resource development plan for the software industry.

“We plan to set up a training infrastructure with MUST, a cursory level training, and later tune it into a two-year course. We need to hone skills for the technology-led financial sector because this will determine the institutions customer base or cause it to lose out to competitors,” he said.

Equipped with expertise in Islamic banking from its Middle East operation, Maveric, one of India’s three top software testing company, is keen to explore similar areas in Malaysia as well.

“With our expertise in Islamic banking in the Middle East, it will help us tap into this sector in Malaysia which is growing at a staggering rate of 35 percent year-to-year.

“With success in the Saudi Arabian market within six months of operations, we hope the Malaysian expansion would also help us to meet the growth target of 30 per cent for the financial year,” added Venkatesh.

Source: Bernama