Industry Recognitions and Awards

Innovative tools developer surpasses fellow nominees to secure coveted placement as national representative

SOFIA, BULGARIA; WALTHAM, MA, JULY 8, 2010 – Telerik, a leading vendor of development tools and user interface components for .NET, today announced it has been named as a finalist in the prestigious 2010 European Business Awards. The rigorous annual awards competition sponsored by HSBC recognizes and promotes excellence, best practices, and innovation in the European business community. Overcoming a crowded field of contenders to secure its place as one of only 10 country representatives, Telerik now advances to the next round of the competition in the hopes of winning the coveted Ruban d’Honneur. Final category award winners will be unveiled in Paris, France, on November 16, 2010.

“We are deeply honored to have been selected as a finalist in the 2010 European Business Awards,” said Svetozar Georgiev, CEO, Telerik. “Telerik remains dedicated to advancing the art and science of software development and we are both pleased and grateful that these efforts to do so have been recognized by the judges.”

Currently in its fourth successful year, the European Business Awards identify and award Europe’s brightest businesses. As part of the competition, an esteemed panel of judges carefully and thoroughly evaluates each nominee’s ability to demonstrate the three core principles at the heart of the Awards program: innovation, business excellence, and sustainability. In the next phase of the competition, Telerik, representing Bulgaria, will contend against representatives from nine other European countries.

“Each year, we witness impressive entries from some outstanding companies who have some great stories to tell. This year is no different; the quality of applicants is rising as are the number of entrants, so these organizations who have achieved Country Representative status truly are the best of the best,” said Adrian Tripp, CEO, European Business Awards. “They will go on to fly the flag for their countries as they battle it out across Europe in the next round to win a Ruban d’Honneur.”

The European Business Awards is dedicated to raising the visibility and progress of companies who excel in delivering innovation in conjunction with successful commercial results, while maintaining the highest level of corporate responsibility and positively affecting the social environment they operate in. In 2009, the 99 Ruban d’Honneur recipients achieved a combined turnover greater than €570 billion and recorded an average annual profit growth of 56%.

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’.

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Press Contacts:

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