50% of company’s revenue to come from the Middle East in FY 14
Maveric Systems, a leading provider of IT Lifecycle Assurance with a strong focus on the BFSI and Telecom sectors, has won the award for the ‘Best Banking Technology Partner’ at the 14th Annual Banker Middle East Industry Awards. Instituted by CPI Financial, a leading financial media company in the Middle East, the Banker Middle East Industry Awards is the region’s leading financial event to recognize both corporate and individual distinctions amongst top performers in the financial services.
Maveric has been working closely with banks and financial institutions in the Middle East market for the past 9 years as the Technology partner providing software testing and, more recently, IT Lifecycle Assurance Services. This award recognizes Maveric’s expertise in core banking, Islamic banking, retail, brokerage, trade finance, credit cards, treasury and cash management, in the Middle East.
Winners were selected from across the United Arab Emirates, Qatar, Saudi Arabia, Oman, Kuwait, Bahrain, Jordan and Lebanon by popular vote, gathered amongst the technology decision makers and business leaders of banks and financial institutions in the Middle East.
Speaking on the occasion, Mr. Ranga Reddy, CEO and Co-founder, Maveric Systems, said, “We are delighted to win this award. We owe this honour to the continued support and encouragement of our esteemed clients in the region. The Middle East market will be very critical to our transformation and growth as a provider of IT Lifecycle Assurance. Banks and financial institutions in the Middle East see IT as a strategic tool and follow best-in-class benchmarks. We now look forward to partnering clients across their entire IT lifecycle, from ‘requirements-to-release’. In FY 14, we expect 50% of our revenue to come from the Middle East market.”
Commenting on the company’s work and achievements in the Middle East market, Mr. K. Subramanian, Senior Vice President – Middle East & Africa, Maveric Systems, said, “Maveric has a strong presence across UAE, Saudi Arabia, Qatar, Kuwait, Jordan, Oman, Bahrain and Lebanon. Between 2004 and 2013, Maveric has been engaged in more than 80% of the transformation projects in the region. Our domain expertise coupled with IP capability has been our mantra in delivering 100% successful implementation for our clients. Maveric is committed to providing best-in-breed practices to our clients thus partnering them in their journey to become more competitive.”
In a recent report by NelsonHall, an analyst and advisory firm, Maveric Systems was identified as a Transformation Specialist in the Middle East region, serving ‘Transformation Focused Clients’.