Industry Recognitions and Awards

Sofia, Bulgaria, November 13, 2009 - Telerik is proud to announce that it has been awarded 2nd place in the “Best Employer in Bulgaria 2009” study (small to medium size company category). The study was conducted by Hewitt Associates, one of the world’s leading HR consulting and outsourcing companies.

This year the “Best Employers in Bulgaria” study included 91 companies from various industry sectors. The assessment is based on a survey conducted among employees and therefore represents an objective appraisal from within of how people perceive their company. This year 13,000 employees and 350 top managers helped Hewitt analyze their companies based on three aspects – feedback from their employees, people management policies and practices, and the viewpoint of the top management. The criteria being evaluated are: career growth, work environment, manager-employee relationship, remuneration and benefits, balance between work and personal life, processes, etc.

“Being among the top employers is a huge acknowledgment mainly because it is awarded by our colleagues” said Svetozar Georgiev, Telerik CEO. “Ranking higher this year is clear evidence that our team is growing stronger. This is the key force that is helping us deal with the tough economic conditions and push forward.”

The study “Best Employer in Bulgaria” is conducted for the fourth consecutive year as part of the regional study for Central and Eastern Europe. Hewitt measures the effectiveness of an organization in providing a workplace that engages the intellectual and emotional commitment of its employees. It provides insights on how organizations achieve real competitive advantage through their people and explores what makes an organization a good place to work.

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 Hewitt Associates
With more than 65 years of experience, Hewitt Associates is the world’s foremost provider of human resources outsourcing and consulting services. The company consults with more than 2,400 organizations and administers human resources, health care, payroll and retirement programs on behalf of more than 300 companies to millions of employees and retirees worldwide. Located in 33 countries, Hewitt employs approximately 23,000 associates. For more information, please visit http://www.hewitt.com.

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Press Contacts:

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