Industry Recognitions and Awards

January 18, 2010. Laguna Niguel, California - Telerik, a leading vendor of developer tools and UI components for .NET, announced today that it is a recipient of the Red Herring Global 100 award. The program recognizes the leading private startups from North America, Europe, and Asia, celebrating their innovations and technologies across their respective industries.

“We feel honored to be among such high achieving enterprises,” said Svetozar Georgiev, CEO of Telerik. “Our mission at Telerik is to create innovative and trend-setting products that help our customers push the limits. This recognition confirms our commitment and gives us inspiration to continue providing our customers with critical tools to drive their business.”

Red Herring’s Global 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Yahoo, Skype, Netscape, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. The top 100 companies who were chosen should be extremely proud, the competition was difficult.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world. Read about Red Herring awards: www.redherring.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 Red Herring
Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.

For more information about Red Herring, visit http://www.redherring.com

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Press Contacts:

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