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Company : Maveric Systems 
Tuesday, December 30, 2008 2:16PM IST (8:46AM GMT)
Maveric Systems Receives Prestigious Red Herring Asia 100 Award for the Year 2008
Finalist for the Red Herring 100 Global Awards
Chennai, Tamil Nadu, India

Maveric Systems, one of India's leading software testing company enters 2009 on a high note after having been chosen as one of Asia's 100 most promising companies at the Red Herring 100 Asia Awards for the year 2008.

The 100 winning companies were announced at the Red Herring Asia event at Hong Kong earlier this month. The 200 finalists for this award were chosen from 16 countries in Asia including China, India, Japan, Malaysia, Singapore, Philippines, South Korea, Australia and Vietnam.

"The 200 finalists whom we selected from across 16 countries and regions are all excellent contenders," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "They are exceptional companies who thrive on innovation and strongly define the important role of technology in Asia's economy and throughout the world."

Maveric Systems has also been selected as a finalist for the Red Herring 100 Global Awards. The Red Herring Editorial team deploys a detailed process to whittle down a pool of 600 eligible, promising, companies to the 200 finalists of this global award. The evaluation was made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy and ecosystem integration.

An ecstatic Ranga Reddy, Chief Executive officer of Maveric Systems said, "In 2006 we set ourselves a goal of getting 30% of our revenues from IP-led services, by 2012. Breakthrough innovation by our R&D teams is accelerating our progress towards this goal". He says "IP-led services have helped us redefine our competition and also significantly increase the average size of deals that we have won in the last 12 months". He added, "We take great pride in winning this award as it underscores our achievements and innovations over the years. We expect a healthy growth in the coming year because of our niche focus and IP-led offering".

About Maveric Systems

Maveric Systems Ltd. is one of India's top three independent software-testing companies since the year 2000. Over the past eight years, Maveric has been pioneering the outsourcing model in software testing. Maveric has successfully moved up the value chain in software testing by taking clients away from a resource augmentation model to provide value added IP-led services that significantly enhance quality of applications deployed by clients. As a leading pure-play, independent software testing company, Maveric today has multiple delivery locations in India, UK, Middle East and USA. Maveric's impressive client list includes a wide array of leading software product companies, system integrators and financial institutions. With a dedicated talent pool of testing professionals, Maveric has been growing rapidly over the past five years.

For more information on Maveric Systems, please visit www.maveric-systems.com

About Red Herring

Red Herring is a global media company, which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.

For more information visit www.redherring.com

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