Industry Recognitions and Awards

Company selected as one of the fastest growing technology companies in Central and Eastern Europe

Waltham, MA, October 25, 2010 – Telerik, a leading provider of development tools and solutions for the Microsoft .NET platform, today announced it has been recognized in the 2010 edition of Deloitte’s Technology Fast 50 which honors the 50 fastest growing technology companies in Central and Eastern Europe. The esteemed award reflects Telerik’s leadership role in the application development space and recognizes it as one of the most progressively growing companies in the region.

“To be selected for such distinguished honors is truly a privilege for Telerik,” said Svetozar Georgiev, Telerik CEO. “We are thrilled that our continued growth, innovative application development solutions, and market leadership have once again been recognized by Deloitte’s Technology Fast 50. We extend our thanks to our customers, partners, and our dedicated team of professionals for helping us to secure this exceptional achievement.”

Deloitte’s Fast 50 award provides global acknowledgement to technology firms 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.

Earlier this year Telerik expanded its North American operations with the opening of two new US offices in order to respond rapidly and dynamically to mounting customer demand for its latest products.

The award is part of the Technology Fast 50 program, which ranks the 50 fastest growing technology, media and telecommunication companies headquartered in Central and Eastern Europe region. Rankings are based on percentage revenue growth over the past three years. Technology Fast 50 winners automatically enter Deloitte's EMEA Technology Fast 500, which ranks the 500 fastest growing technology companies in Europe, Middle East and Africa. The ranking is based on the financial percentage growth over the course of five years. For more information on Deloitte's Technology Fast 500 or Technology Fast 50 programs, visit http://www.fast50ce.com.

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.

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Press Contacts:

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