Mumbai, India – April, 2010: Hexaware Technologies, a global provider of IT, BPO and consulting services, today announced a partnership with Validata Group, a leader in world class Automated Lifecycle Management (ALM) solutions for the Banking and Finance Sector. Hexaware’s Quality Assurance and Testing Services (QATS) division will work with Validata to deliver Validata SAS Test Factory™ - a unique Quality Management (QM) model that covers Quality Assurance (QA) and Quality Control (QC). This joint offering increases the choice for customers providing them more control over successful project delivery and will enable customers to have a better predictability over IT expenditure, simplified planning and reduce costs.
Customers are under constant pressure to reduce costs on IT applications at the same time maintain high quality assurance.
Banks across the world are focusing on replacing their legacy core banking applications with the latest systems that can enable them to put in place a customer centric approach, that can not only strengthen relationships, but also lead to increasing customer profitability.
Given the current market conditions, more and more such banks are actively looking at partners and solutions that can reduce overall implementation time and cost as well as help them gain a lead in the market.
Uday Reddy, Head of Banking and Financial Services, Hexaware Technologies said, “Validata’s reputation in the banking and finance sector made them our obvious choice for a partner. Test Factory™ is proving to be the model of choice for client engagements globally. Equipped with a full range of standardized quality assurance frameworks and methodologies, the Test Factory™ modular solution enables Hexaware to deliver solutions on demand and the scale to meet customers’ needs across diverse technologies adopted by banking clients worldwide. This solution will enable us service our customers by helping in accelerated implementation and testing of deployments.”
Test Factory™ is leading the way in IT quality management; moving companies away from staff augmentation onshore models to an optimal and modular solution, which significantly reduces IT expenditure and delivers projects to market more quickly. “Today, Hexaware’s Centre of Excellence (CoE) for Banking offers end to end services from strategic consulting, integration with local customizations to maintenance and support, integration upgrades and specialized testing services, ” added Mr. Reddy.
Validata Group along with Hexaware team will offer services involving the outsourcing and hosting of the QA solution in secured Active Server Pages (ASP) mode and an exhaustive offer of services related to a managed service for Single Euro Payments Area (SEPA), Society for Worldwide Interbank Financial Telecommunication (SWIFT), Anti-money laundering (AML), compliance testing, etc. This service also be available on ‘pay-per-use’ model.
Vaios Vaitsis, CEO of Validata Group said, “Validata SAS Test Factory™ draws together world class services, a fully integrated ALM platform for the Banking and Finance sector, readyProject Accelerators, best practices and is thus unique to the industry. It enables the testing process to be initiated immediately enhancing operational efficiency and an instant time to market. The Test Factory™ offers the customer a level of confidence in the Quality Assurance which means they can concentrate on delivering their core competence, while we deliver on ours.”
The three key factors which differentiate Validata Group include the modular software solution that is based on SOA architecture. The second being the model driven requirements and testing approach, with a unique methodology, common change management process and ready project accelerators geared to the banking requirements of the next decade. The third is the team of partners with a keen sense of client relations.
“By making use of these partnerships, we plan to develop and strengthen our presence even further in Europe, Middle East and Asia,” added Mr. Vaitsis.
Hexaware's Banking practice has been servicing Fortune 500 companies globally for over 20 years. With Test Factories being located in strategic locations, Hexaware now delivers the cost and time saving benefits through this Managed Services Testing model to the banking and finance industry. Hexaware has consulting and delivery centres based in Mexico, US and APAC and will deliver these test factory services to banking clients globally from these centres.
About VALIDATA Group
Validata is the provider of the most integrated Automated Lifecycle Management (ALM) solution for the Banking and Finance Sector, Validata SAS, which has been developed to provide its clients with an easier and more cost-effective approach to managing project delivery. Validata SAS is an end-to-end solution in the ALM market that truly aligns business and IT processes to ensure quantifiable benefits.
Validata Group works with organisations worldwide and across many industries including Financial Services, Banking and Telecommunications. Validata Group is a Global Partner of Temenos, in providing specialised services in Testing and Data migration. The company was established in 2004 and is headquartered in London, with offices in Athens, Sofia, For more information, please visit the website www.validata-software.com
About Hexaware
Hexaware is a leading global provider of IT & BPO services and consulting. The Company focuses on key domains such as Banking, Financial Services, Insurance, Travel, Transportation, Hospitality, Logistics, Manufacturing, Life Sciences and Healthcare. Our business philosophy, “Your Success is Our Focus”, is demonstrated through the success we ensure for our clients. Hexaware focuses on delivering business results, and leveraging technology solutions by specializing in Business Intelligence & Analytics, Enterprise Applications, Testing and Legacy Modernization. Founded in 1990, Hexaware has a well-established global delivery model armed with proven proprietary tools and methodologies, skilled human capital and SEI CMMI-Level 5 certification. For additional information logon to www.hexaware.com