Industry Recognitions and Awards

Leading software vendor recognized in European Business Award competition

Sofia, Bulgaria; Waltham, MA, August 2, 2010 – Telerik, a leading vendor of development tools and user interface components for Microsoft’s .NET platform, today announced it has garnered a prestigious Ruban d’Honneur in round two of the European Business Awards sponsored by HSBC. The Ruban d’Honneur distinction celebrates businesses that demonstrate exceptional performance within their sector. Telerik will now compete as a finalist within the Infosys Business of the Year Award (under 60 Million EUROS) category for a European Business Award. Winners will be unveiled in Paris, France, on November 16, 2010.

The Ruban d’Honneur is awarded to up to ten successful entrants in each category. Judges deliberate to select which individuals and businesses are awarded the Ruban d’Honneur, and it is from the Ruban d’Honneur recipients that the final winner in each category is decided. Earlier this month Telerik announced it has been named as a finalist in the prestigious 2010 European Business Awards.

“For Telerik to be awarded a Ruban d’Honneur from the European Business Awards is a testament to the determination and passion which drives this company,” said Svetozar Georgiev, Telerik CEO. “The commitment of our staff, and the importance of our customers and partners culminates in being recognised as leaders in the software development field. We are honored to receive this tribute.”

All Ruban d’Honneur recipients will appear before a third judging panel of highly regarded academics, heads of state, industrialists, entrepreneurs, and media commentators drawn from across the 27 member European States. The interviews will take place at HSBC’s offices in Canary Wharf, London.

“To get this far in the Awards programme is a tremendous achievement. The eyes of the European business community are well and truly focused on the Ruban d’Honneur recipients,” said Adrian Tripp, CEO of the European Business Awards. “Telerik demonstrated real talent in its field despite what has been a difficult trading period. Together with HSBC we wish Telerik every success in this next and final round of the European Business Awards.”

“We are delighted to be part of the European Business Awards and our congratulations go to the Ruban d’Honneur recipients who have excelled to get this far,” added Alan Keir, HSBC Group General Manager and Global Co-Head Commercial Banking. “It is heartening to see that businesses across Europe are flourishing in spite of the recent economic downturn. I wish all the companies well in the next round of judging and look forward to the Awards final.”

For additional information about Telerik, please visit www.telerik.com; for information about the 2010 European Business Awards, please visit www.businessawardseurope.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.

About the European Business Awards 2010:
The European Business Awards recognises and rewards excellence, best practice and innovation in companies across the European Union. The competition is free to enter and open to organisations of all sizes and from any industry sector.

The European Business Awards programme serves three purposes for the European business community:

• It provides examples for the business community to aspire to
• It celebrates and endorses individual’s and organisation’s success
• It provides case studies and content for learning from these exceptional organizations

An innovative, strong and thriving business community makes a successful and prosperous Europe.

About HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,500 offices in 86 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,422 billion at 30 June 2009, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as ‘the world’s local bank’.

###

Press Contacts:

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