Telerik Closes Out First Decade of Business with a Bang

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With a streak of quarter-over-quarter revenue growth, corporate expansion and a slew of industry accolades, Telerik remains primed for success

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With more than 100,000 customers across 94 countries, Telerik is a true a global entity. Customers including Paylocity, Tyler Technologies and Kimberly Clark are standardizing on Telerik’s award-winning tools

Telerik, an end-to-end provider of software development, lifecycle and content management tools and solutions, today announced that it has closed out 2012 as its best year yet. With the hiring of more than 200 employees, two acquisitions, 27 consecutive quarters of revenue growth and customer deals with some of the largest global brands, Telerik has become the reliable partner for companies looking for innovation, consistency and stability.

Corporate Growth
In the last year, Telerik has expanded exponentially, growing its employee base by more than 200 in the roles of product development, engineering, sales, marketing and more. This evolution is supported by 27 consecutive quarters of revenue growth. The company has also grown its product and services portfolio with the acquisitions of Fiddler in September, further expanding its Austin operations, and NimblePros, the leading service provider of custom software solutions and training, in April, to better serve demands of Telerik’s enterprise customers.

“We’re on a strong growth trajectory with a very clear roadmap for our future. The acquisitions of NimblePros and Fiddler, along with their very talented founders were a synergistic match to the roadmap we laid out. Moreover, their integration into the Telerik family has been seamless, further demonstrating that we made the right decisions,” said Svetozar Georgiev, co-founder and co-CEO.

The fiscal success of Telerik is attributed to several factors, but most important is that of its expansive customer base. With more than 100,000 customers across 94 countries, Telerik is a true a global entity. Customers including Paylocity, Tyler Technologies and Kimberly Clark are standardizing on Telerik’s award-winning tools, while Nokia included Telerik tools in its offering for Nokia mobile developers.

Product Innovations
In addition to building upon the company’s award-winning DevCraft suite by introducing tools targeting Microsoft Windows 8, Telerik has also added to its HTML5 and Javascript framework (Kendo UI) as well as the Sitefinity CMS. The ALM portfolio has been enhanced by several releases of its project management tool that supports agile best practices (TeamPulse) and testing (Test Studio). Each product update includes key functionality enhancements that customers require in order to improve their development and overall customer efforts.

In October, the company ventured into the cloud and launched a new offering – Icenium, the industry’s first Integrated Cloud Environment (ICE), combining the power and flexibility of the cloud with the convenience of a local development environment. Icenium simplifies cross-platform mobile development by eliminating the need for locally installed SDKs and enables developers to easily write code using existing skills in HTML/JS/CSS. With Icenium, developers are free to code on Mac OS X or Windows and target iOS and Android devices easily and efficiently. Since its initial launch, more than 10,000 developers have downloaded the product for use in the development of hybrid mobile apps.

Awards and Accolades
Because of the success Telerik has achieved within its product portfolio and its corporate growth, the company has received multiple industry recognitions including:

  •     “Forbes Business Awards 2012,” in the categories of “Human Resources Development” and “Community Involvement”
  •     “#1 Best Employer in Bulgaria,” by AonHewitt, for the fifth consecutive year
  •     “Red Herring 100 Global”
  •     Nineteen honors in the “2012 Community Choice Awards”, by Penton Media’s Dev Pro
  •     Thirteen acknowledgements in the “2012 Visual Studio Magazine Readers Choice Awards”
  •     “2012 Code Project Members Choice Awards” in the categories of “HTML5 Tools,” “Frameworks and Mobile Development” and an honorable mention in the “JavaScript Tools and Frameworks” category
  •     “Best of Microsoft TechEd 2012” in the Software Development category
  •     “Dr. Dobb’s Jolt Awards” in the category of Libraries

“When we founded Telerik 10 years ago, we never expected the market to embrace us and our technology the way it has,” noted Georgiev. “As we enter into 2013 we plan to not only stay innovative, expanding on our award-winning tools and CMS, but we will continue to give back to the communities in which we live. We are very excited for what lies ahead and want to thank all of those people who have supported us during the last 10 years.”

About Telerik
Telerik is a market-leading provider of end-to-end solutions for application development, software testing, agile project management, reporting, and content management across all major Microsoft development platforms. Telerik’s award-winning software development products enable enterprises and organizations of every size to generate tangible productivity gains, reduce time-to-market, and stay on time and under budget. With tens of thousands of users in more than 90 countries around the world, Telerik’s customers include numerous Fortune 2000 companies, academic institutions, governments, and non-profit organizations. For additional information about Telerik, please visit or follow @telerik on Twitter.


Press Contacts:
Carmen Hughes
Ignite Public Relations
Tel: 650.453.8553

Erica Burns
Telerik Inc.
Tel: 888.365.2779 #154

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