Industry Recognitions and Awards

Prestigious Recognition Celebrates Business Excellence, Best Practice and Innovation

WALTHAM, MA, AUGUST 1, 2011 – Telerik, an end-to-end provider of software application lifecycle and content management solutions, today announced that it has been selected as the 2011 European Business Awards RUBAN d’HONNEUR recipient for the second year in a row. Sponsored by HSBC, the prestigious recognition rewards outstanding business performance, excellence, best practice and innovation. Telerik will now compete as a finalist within the Infosys Business of the Year Award (T/O €0-25m) category for the ultimate prize of a European Business Award.

“Receiving a Ruban d’Honneur is a major success. It promotes the fact that you’re up there with the best businesses across the European community. This year has been tough on the judging panel as we’re seeing businesses emerge from economic difficulties and come out fighting and delivering some great entries. The mood is confident, ebullient and highly competitive,” said Adrian Tripp, CEO, European Business Awards. “The gaze of the European business community is well and truly on the Ruban d’Honneur recipients and Telerik demonstrated real talent for the Infosys Business of the Year Award. Together with HSBC we wish Telerik every success in this next and final round of the European Business Awards.”

“While only a few may be crowned European Business Award winners, all are a reminder of the immense talent creating prosperity across the country and across Europe as a whole,” added John Casey, head of commercial banking Europe, HSBC. “We connect businesses with opportunities internationally every day, and are pleased to see so many of these businesses pursuing global growth opportunities with a forward-thinking approach. As these winners attest, Europe has a great deal to be confident about.”

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 28 member European States. The interviews will take place in September in London.

For a full list of country representatives or additional information about the European Business Awards, please visit http://www.businessawardseurope.com. For more information about Telerik, please visit www.telerik.com or follow @telerik on Twitter.

About the European Business Awards 2011
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
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,500 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,455 billion at 31 December 2010, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.

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.

###

Press Contacts:

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