Company selected as one of the fastest growing technology companies in Central and Eastern Europe
Waltham, MA, October 25, 2010 – Telerik, a leading provider of development tools and solutions for the Microsoft .NET platform, today announced it has been recognized in the 2010 edition of Deloitte’s Technology Fast 50 which honors the 50 fastest growing technology companies in Central and Eastern Europe. The esteemed award reflects Telerik’s leadership role in the application development space and recognizes it as one of the most progressively growing companies in the region.
“To be selected for such distinguished honors is truly a privilege for Telerik,” said Svetozar Georgiev, Telerik CEO. “We are thrilled that our continued growth, innovative application development solutions, and market leadership have once again been recognized by Deloitte’s Technology Fast 50. We extend our thanks to our customers, partners, and our dedicated team of professionals for helping us to secure this exceptional achievement.”
Deloitte’s Fast 50 award provides global acknowledgement to technology firms owning proprietary technology that contributes to a significant portion of the company’s operating revenues or devotes a significant proportion of revenues to the research and development of technology.
Earlier this year Telerik expanded its North American operations with the opening of two new US offices in order to respond rapidly and dynamically to mounting customer demand for its latest products.
The award is part of the Technology Fast 50 program, which ranks the 50 fastest growing technology, media and telecommunication companies headquartered in Central and Eastern Europe region. Rankings are based on percentage revenue growth over the past three years. Technology Fast 50 winners automatically enter Deloitte's EMEA Technology Fast 500, which ranks the 500 fastest growing technology companies in Europe, Middle East and Africa. The ranking is based on the financial percentage growth over the course of five years. For more information on Deloitte's Technology Fast 500 or Technology Fast 50 programs, visit http://www.fast50ce.com.
Telerik is a leading vendor of development, automated testing, and team productivity tools, as well as UI components and content management solutions for Microsoft .NET. Created with passion, Telerik products help software development teams every day to be more productive and deliver reliable applications on time and under budget. Tens of thousands of organizations in over 90 countries rely on Telerik products. Telerik customers include many Fortune 2000 companies, as well as renowned educational, governmental and non-profit institutions.