Maveric systems enters into a strategic partnership with Wareef United of Saudi Arabia
Chennai, Dec 18 (ANI/Business Wire India): Maveric Systems, one of India's leading dedicated software testing company with a strong presence across UK, USA, Middle East and Indian Market, today announced their partnership with Wareef United, a leading service provider in the banking and insurance verticals in the Kingdom of Saudi Arabia, to offer independent software testing services.
Through this partnership Maveric Systems expects to rapidly scale up its operations in Saudi Arabia. Maveric Systems is investing in the Saudi market by ramping up a sales team and expects over 1.5 Million USD in sales from the region over the next 12 months.
Wareef United which is a leading "one-stop" IT solution provider in Saudi Arabia for banks, financial institutions, insurance companies, engineering and manufacturing companies, will work closely with Maveric to carry Maveric's unique offering in software testing to its client base in Saudi Arabia.
"This partnership with Wareef United is a key milestone in Maveric's growth path in the Middle East region. Wareef brings rich experience and very strong client base in the banking vertical which happens to be one of the strengths of Maveric. I therefore see a very strong synergy in this partnership. Middle East is an integral part of Maveric's international expansion plans. We expect Middle East to grow from being 20 per cent of our revenues to 30% over the next 18 months" said Ranga Reddy, Chief Executive Officer, Maveric Systems.
Reddy added "through this partnership, we expect to contract three new clients in the Saudi market over the next 6 months".
Said Dr. Abdulaziz Al-Oshban, Principal and Managing Director, Wareef United, "Saudi market is poised for rapid growth over the next 18 months with large IT investments being made by Government and Business Corporations. At Wareef United, we were exploring partnership opportunities for setting up a testing solution centre and we feel that Maveric and Wareef have complementary capabilities. This alliance will be a winning proposition for our customers since they'll benefit from Maveric's strong vertical centric design and test execution capabilities combined with Wareef's focus on program and client relationship management". (ANI)
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