Sofia, Bulgaria – October 10, 2008
– Telerik, a leading vendor of developer tools and UI components for .NET, today announced that it has acquired Vanatec, a German company specialized in Object Relational Mapping (ORM) software. The latest acquisition will allow Telerik to offer an Enterprise-grade ORM product to its customer base and marks another step in the company’s strategy to reduce development complexity in .NET applications.
“In today‘s .NET enterprise applications approximately 30% to 50% of the code is dedicated to data access. At the same time, the majority of the application bugs usually come from that same data layer”, says Hristo Kosev, CTO of Telerik. “OpenAccess ORM is designed to bring the number of coding hours and possibilities for bugs to a minimum, leaving developers focused on the core business logic rather than on the infrastructure. I believe that customers will be very happy with the extensive capabilities of OpenAccess ORM and will see immediate productivity gains. ”
The German team will continue to work primarily on the ORM software. The Munich office will grow to become Telerik’s hub for servicing customers from Western Europe, which follows the company’s efforts for building regional sales and technical support operations.
“Vanatec is very excited to become a part of the successful Telerik team.”, says Peter Brunner, Managing Director of Telerik GmbH, formerly General Manager and Co-Founder of Vanatec. “We feel there is a great synergy with Telerik as both companies have market-leading products and a burning desire to continuously deliver more and more value to their customers.”
Vanatec OpenAccess will be rebranded to Telerik OpenAccess ORM and will be made available to Telerik customers immediately with the upcoming Q3 release, scheduled for the week of November 3, 2008. During the following months till the Q1 2009 release a lot of substantial improvements will be implemented: new wizards and intuitive design-time, effortless integration with all Telerik products, as well as a number of powerful new features.
About OpenAccess ORM
Telerik OpenAccess ORM is a tool for building highly optimized persistent data layers. The product supports both forward and reverse mapping, which makes it suitable for any application scenario. Built with usability in mind, OpenAccess ORM offers deep Visual Studio integration and powerful wizards that almost eliminate the need for writing any DB-access code. At the same time advanced techniques like multi-level caching and fetch plans deliver substantial performance optimizations. About Telerik
Telerik is a leading vendor of development tools and components for Microsoft .NET. Developers from most of the Fortune 2000 companies, many of the world’s leading educational and non-profit organizations and thousands of consultants rely on Telerik products to build applications with unparalleled richness, responsiveness and interactivity. For more info on Telerik and its products, please visit www.telerik.com