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Telerik Receives High Ranking in This Year’s Edition of Deloitte’s Technology Fast 500

November 25, 2009

Sofia, Bulgaria, November 25, 2009 - Telerik, a leading vendor of development tools and user interface components and solutions for .NET, has been awarded 61st place in the 2009 edition of Deloitte Technology Fast 500, that recognizes the 500 fastest growing technology companies in Europe, the Middle East and Africa (EMEA).

The award places Telerik among the top 100 most aggressively growing companies in what the organizers call “one of Europe's most objective rankings for the technology, media and telecommunications industries”. The program was created to recognize the effort and dedication of those 500 fastest-growing technology companies in EMEA and includes all areas of technology: from Internet to biotechnology; from medical and scientific to computers. Rankings are based on percentage revenue growth over the past three years.

“We are proud to be among the top companies in Deloitte’s distinguished program” says Telerik’s CEO - Vassil Terziev “A Chinese proverb says – When the storm comes, most build walls while others build windmills! Here at Telerik we believe that the new conditions in which we operate present us with a great opportunity to strengthen our team and develop unique skills. This award tells us that we are headed in the right direction.”

The award offers the chance for fast-growing firms to get the high-level acknowledgment they deserve. It recognizes companies owning proprietary technology that contributes to a significant portion of the company’s operating revenues; or, devotes a significant proportion of revenues to the research and development of technology.

Telerik entered the Deloitte Technology Fast 500 EMEA after winning 5th place in the regional Technology Fast 50 CEE that took place a month earlier. The participants in both events are companies owning proprietary technology that contributes to a significant portion of the company’s operating revenues; or, devotes a significant proportion of revenues to the research and development of technology. For more information on Deloitte's Technology Fast 500 or Technology Fast 50 programs, visit http://www.deloitte.co.uk/fast500emea/find-out-more/

About Telerik
Telerik empowers its customers to create compelling app experiences across any screen. Our end-to-end platform uniquely combines industry-leading UI tools with cloud services to simplify the entire app development lifecycle. Telerik tools and services can be adopted individually or as a platform and seamlessly integrated with other popular developer solutions. More than 130,000 customers from 40,000 organizations in 94 countries depend on Telerik products, including more than 450 of the Fortune 500®, academic institutions, governments and non-profits. For additional information about Telerik, please visit telerik.com or follow @telerik on Twitter.

About Deloitte
“Deloitte” is the brand under which 165,000 dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu (“DTT”), a Swiss Verein. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates.

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Press Contacts:

Erica Burns
Telerik, Inc.
Tel: 888.365.2779 #154
Erica.Burns@telerik.com