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News
Sep 03, 2008
Summit Partners Invests in Telerik
 Sofia, Bulgaria; Newton, MA; and Boston, MA – September 3, 2008 -- Telerik, a leading vendor of software tools and components which allow developers to rapidly build cutting-edge web and desktop applications, today announced that it has received an investment from Summit Partners, a private equity and venture capital firm that has raised more than $11 billion since inception. The investment will be used to fund both organic growth and acquisitions.
Founded in 2002, Telerik offers a dynamic portfolio of products which can be used to build powerful web and desktop applications that are run using the latest Microsoft technologies, such as ASP.NET, Windows Forms, Windows Presentation Foundation, and Silverlight. Building on the company’s expertise in interface development and Microsoft frameworks, Telerik’s software helps customers build applications with unparalleled richness, responsiveness and interactivity—quickly and inexpensively.
Telerik also provides Sitefinity, a rapidly growing web content management system that substantially reduces the amount of time required to produce and manage websites, portals, and intranets.
More than 20,000 organizations in more than 70 countries -- including Fortune 500 companies such as Vodafone, Citigroup, Kodak, and Nike, as well as renowned educational, governmental and not-for-profit institutions including NASA, The World Bank, and Harvard University -- rely on Telerik’s products.
Telerik has won numerous technical and business awards. The company was named to the Red Herring 100 list for Europe in 2008, and was recognized as the Best Employer in Bulgaria for small to medium sized companies by Hewitt Associates.
Vassil Terziev, Co-founder and Co-CEO of Telerik, said, “Telerik has been 100 percent employee-owned and profitable throughout our rapid growth. The decision to raise outside capital was an important and strategic move for Telerik, and we believe that Summit will assist us in achieving even greater results.” Svetozar Georgiev, Telerik's Co-founder and Co-CEO, added, “With Summit’s strategic guidance and global network of contacts, we are now uniquely positioned to expand Telerik’s product offering and achieve continued optimal growth -- allowing us to become the sole source of a software developer’s needs.”
Tom Jennings, a Managing Director with Summit Partners, said, “We have been impressed by Telerik’s track record and exceptional management team, as well as the company’s unwavering focus on delivering technologically innovative and reliable products to developers." “Summit has a twenty-year track record of investing in software companies, and Telerik shares many attributes that have helped other companies become market leaders. We look forward to working with the management team to help Telerik achieve even greater success.”
About Telerik
Telerik provides the leading suite of software tools for developers building applications using Microsoft technologies. The company’s development tools and components are used by software developers from most of the Fortune 2000 companies, many of the world’s leading educational and non-profit organizations and thousands of consultants. Telerik also provides Sitefinity, a rapidly growing web content management system that substantially reduces the amount of time required to produce and manage websites, portals, and intranets.
Telerik’s global customer base relies on its award-winning products to build applications with unparalleled richness, responsiveness and interactivity. Telerik is headquartered in Sofia, Bulgaria and its US division is based in Newton, Massachusetts
About Summit Partners
Summit Partners (www.summitpartners.com) provides private equity and venture capital for growth companies. Founded in 1984, Summit has raised more than $11 billion in capital and has provided equity, recapitalization, and management buyout financing to more than 300 growing companies across a range of industries. These companies have completed nearly 125 public offerings and more than 110 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Palo Alto, and London.
Summit Partners works with outstanding management teams that have self-financed their companies to profitability and market leadership. Summit’s notable software investments include AvePoint, Hyperion Software, McAfee, OPNET Technologies, Postini, RightNow Technologies, SafeBoot, and Sybari Software.
The business of Summit Partners in the UK is regulated by the Financial Services Authority. Summit Partners Limited is registered in England and Wales. The registered number is 4141197, and the registered office is located at 20–22 Bedford Row in London, WC1R 4JS, UK. In the US, Summit Partners operates as an SEC-registered investment advisor. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.
Jul 24, 2008
Telerik Announces Landmark Q2 2008 Release
One-stop Shop for Superior .NET User Interface Solutions
Newton, MA, July 24, 2008 – Telerik, a leading vendor of developer tools and user interface components for .NET, is excited to announce the Q2 2008 release of its RadControls suites for ASP.NET AJAX, Windows Forms, WPF, and Silverlight, and its .NET Reporting solution. Q2 is a milestone release for Telerik, as it introduces two brand new suites, optimizations in performance and stability across all product lines, and valuable training resources for accelerated learning. Leveraging the power of all major Microsoft platforms, Telerik reinforces its position as a market leader and innovator in web and desktop presentation layer development.
Telerik has a proven record of excellence and pursuit of perfection in UI component development. Its award-winning RadControls for ASP.NET AJAX suite has set a new performance standard for web development, its RadControls for WinForms was the first to introduce revolutionary WPF-like effects in a WinForms environment allowing previously impossible desktop UI with a familiar technology, and Telerik Reporting established a new level of experience in creating and styling advanced reports with minimum effort.
New Technologies and Products:
Building on its expertise in interface development with established Microsoft technologies, in Q2 Telerik presents component suites for two new platforms, characterized by the same Telerik quality—RadControls for WPF and RadControls for Silverlight 2 Beta. The key advantage of the new suites is that the controls for Silverlight and WPF are derived from the same codebase and share the same API, which is completely in-line with Microsoft’s approach, and ensures code reusability and significantly decreased learning periods.
RadControls for WPF
RadControls for WPF is a natural addition to Telerik’s product portfolio. Inspired by WPF in the days when the technology was still in an early stage of development, Telerik was the first component vendor to add WPF-like effects to its RadControls for Windows Forms suite. Capitalizing on its expertise in WPF, Telerik leverages the power of the new technology to introduce an advanced suite that will change the perception of user interface.
RadControls for WPF are engineered for great performance through lightning fast databinding and smart use of UI and data virtualization. The controls are truly lookless and Expression Blend-stylable, and ship with ready-to-use themes allowing easy reskinning with a single property. Furthermore, they share a common API and the same codebase with their Telerik Silverlight counterparts, guaranteeing synchronized future development.
For more information, please visit RadControls for WPF
RadControls for Silverlight 2 Beta
As a pioneer in Silverlight development and a leader in web interface technologies, Telerik introduces RadControls for Silverlight 2 Beta—a comprehensive suite of 17 controls that brings style and interactivity to any LOB application. The controls are fully stylable through Expression Blend, thus eliminating the need for learning a new styling application. The great performance of the components is guaranteed by the smart use of UI and data virtualization, just as in RadControls for WPF, and by the built-in Load On Demand mechanism, which allows for significant performance gains when working with heavy data.
Thanks to its full interoperability with ASP.NET AJAX, RadControls for Silverlight 2 Beta can also be used to visually enhance existing ASP.NET AJAX applications. This feature allows the addition of Silverlight functionality to existing ASP.NET AJAX websites without requiring major project rewrites. The suite ships with ready-to-use themes, and additional skins will be added with every new release.
For more information, please visit RadControls for Silverlight 2 Beta
New Training Resources:
Highly praised for its first-class technical and educational support, in Q2, along with the new suites and controls, Telerik also introduces two valuable training resources to accelerate everyone’s learning of its products, and at the same time educate and inspire the .NET community. The first resource, Telerik Trainer, is an interactive multimedia tool combining video training and hands-on coding to create a unique experience that is arguably the most advanced self-paced training available on the market. The other tool, Telerik TV, is an online library of showcase videos focusing on real applications, serving real business needs and built with Telerik’s development tools.
For more information, please visit Telerik Trainer
For more information, please visit Telerik TV
Performance and Stability Optimizations:
The Q2 release brings great new additions and optimizations across all existing product lines.
RadControls for ASP.NET AJAX:
Officially introduced in Q1 2008, RadControls for ASP.NET AJAX quickly gained popularity and much acclaim for their robustness, reliability, and unmatched performance. Telerik’s innovative set of web components is built entirely on top of ASP.NET AJAX, utilizing its familiar programming model and leveraging completely the power and flexibility of Microsoft’s framework. With Q2, the ASP.NET AJAX suite reinforces its position as the preferred and most mature and comprehensive toolset for building rich and responsive web applications. The new release introduces a brand new RadRotator component that offers great client-side control and cross browser support. Also in the release are further enhancements in RadGrid, RadScheduler, and RadComboBox for greater performance and stability. All other controls in the ASP.NET AJAX suite feature important upgrades and optimizations.
For more information, please visit RadControls for ASP.NET AJAX
RadControls for WinForms:
In line with Telerik’s goal of always being at the forefront of innovation, its line of desktop components has introduced unique visual effects, still unmatched by other vendors, and previously impossible in Windows Forms. RadControls for WinForms bridge the learning gap between the Windows Forms and WPF technologies by incorporating spectacular effects like animations, rotation, and transparency in the familiar and mature Windows Forms technology. The Q2 release of the suite offers even more advanced rich application development tools, as well as significant optimizations in performance and stability and extended support for large-scale applications. The Q2 version features a new Multi-Column ComboBox and ApplicationMenu, in addition to major improvements in the Carousel, Grid, Form, Menu and Label controls.
For more information, please visit RadControls for WinForms
Telerik Reporting:
Q2 is also an important release for Telerik’s intuitive and easy-to-use tool for data presentation . Telerik Reporting Q2 2008 offers several high-level improvements that will facilitate the development of large business projects, and that take Telerik Reporting one step closer to being a true Business Intelligence instrument with strong data analysis capabilities. Among the major additions to Telerik Reporting are: Barcode Item, Checkbox Item, Project Upgrade Wizard to help migrate existing projects to newer Telerik versions, updated report convertors, and support for ASP.NET AJAX.
For more information, please visit Telerik Reporting
Pricing and Availability
The price of the RadControls for ASP.NET AJAX + WinForms + Reporting Subscription License is $1299 per developer seat and for every purchase until October 1, 2008 customers will also receive complimentary licenses for Telerik’s just released Silverlight and WPF controls. The license comes with a Gold Support Package (guaranteed 24h response time), full C# source code, redistribution rights and free updates for the latest products for one year. All the tools work without license keys and can be freely deployed on an unlimited number of development, testing and production servers. A step-by-step self-paced tutorial and hundreds of code samples are provided to accelerate your learning.
RadControls for ASP.NET AJAX is available with a Developer License for $799 and with a Developer License with Subscription and Source Code for $999.
RadControls for WinForms is available with a Developer License for $799 and with a Developer License with Subscription and Source Code for $999.
Telerik Reporting is available with a Developer License for $399 and with a Developer License with Subscription and Source Code for $599.
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 the Q2 2008 release, please visit: http://www.telerik.com.
Jul 17, 2008
Telerik Reporting Contest Winner Announced
 The Reporting Contest has come to an end, thanks once again to all of you who participated and submitted interesting and unique applications. As with every contest, it is time to announce the Big Prize Winner, who was selected by public voting which ended on July 15. Nearly 400 people participated in the vote and chose the best applications.
It is our utmost pleasure to announce the lucky Big Prize Winners of the community vote award – this time we have 2 first place winners, who received an equal amount of points (1020)! Congratulations to David Hyde from Snizyx Software and Joaquim Ferreira from XKudos who each won $500 Amazon gift coupons! The Big prize which was originally announced ($1000 Amazon gift coupon) was divided between the two first place winners.
Here is what they had to say when we surprised them that they were the Big Prize Winners of our Reporting Contest:
“Thank you guys so much for this wonderful honor! I'm thrilled to be recognized by such an outstanding community of developers. Telerik has made all the difference in my own development career, and I'm very grateful you made this contest possible. It's surprising that there was a tie - wow! I'm just glad there was just such eager participation by both developers and voters.
Once again, thank you and everyone at Telerik very much!”
-David Hyde
“Brilliant, many thanks I'm so happy. Let’s keep up the good work.
Many thanks”
- Joaquim Ferreira
Congratulations to all winners who submitted applications created with Telerik Reporting and won prizes of their choice! For those of you who did not manage to participate this time, don't be discouraged - our next challenge is on the way! Please stay tuned!
Jul 07, 2008
Telerik Announces RadControls for WPF Beta 2 Release
Setting a higher standard in .NET toolset performance
NEWTON, MA, July 07, 2008 - Telerik, a leading vendor of developer tools and components for .NET, is pleased to announce the release of RadControls for WPF Beta 2. The latest version includes five new controls, as well as existing component updates and performance improvements. With the new release, Telerik continues its dedication to providing a complete and powerful WPF toolset to add business value to customers’ applications through unprecedented user interface.
The latest edition capitalizes on Telerik’s expertise in Microsoft’s Silverlight technology. Five controls—RadTreeView, RadPanelBar, RadSlider, RadNumericUpDown, RadProgressBar—have been migrated from the Silverlight suite and integrated into RadControls for WPF.
Furthermore, the filtering support of RadGridView is considerably improved, allowing you to define your own filtering descriptions through the customizable filtering feature. Another addition to the flagship component’s features is Excel-like UI, letting users quickly pick a filter value.
RadCarousel is also enhanced with scrollbar visibility and easier styling.
The official release of RadControls for WPF, scheduled for the end of July will introduce several more brand new controls and significant improvements of the existing components.
Read full release notes or see an online demo.
Jul 01, 2008
Telerik Launches Telerik Trainer
Newton, MA, July 1, 2008 - Telerik, a leading vendor of developer tools and components for .NET, is happy to announce the immediate availability of a new training tool for Telerik products. The new Telerik Trainer leverages the latest technologies to combine video training with hands-on coding.
The Telerik Trainer is an advanced video player that uses powerful new Microsoft technologies like Windows Presentation Foundation (WPF) and Language Integrated Query (Linq), along with tight integration with Visual Studio to create a unique multimedia training experience.
The new training tool has been designed to deliver the most advanced and effective self-paced training available on the market today. The application combines a video player with synchronized highlights, topical table of contents navigation, and a cool code launching feature that opens code files in Visual Studio and automatically navigates to the relevant file and line number. There is no need to search for code while watching a training video. With this player and the training episodes released for it, it will be easier than ever to quickly learn how to use Telerik Products. When you first load the Trainer, an introduction video helps you understand how the tool works.
Download Telerik Trainer Now!
Jun 27, 2008
Telerik Wins Two Readers’ Choice Awards from Visual Studio Magazine
Newton, MA, June 27, 2008 - Telerik, a leading vendor of developer tools and components for .NET, is honored to announce that it has been recognized as a 2008 Visual Studio Magazine Readers’ Choice Merit Award winner. Telerik has been presented with awards in two categories—Component Suites for .NET – Desktop and Web, and UI Components – Web Forms.
The Readers’ Choice Award represents a selection of the best Visual Studio tools for the past calendar year, determined by the readers of Visual Studio Magazine. The award honors excellent software in 22 categories that have proven to add value, efficiency, and performance to customers worldwide. The 2008 winners will appear in an upcoming issue of Visual Studio Magazine.
“These awards are especially noteworthy because it is the people who use these products day in and day out, the developers in the trenches, who select the products they consider the best in their respective categories,” said Visual Studio Magazine editor in chief Patrick Meader. “We respect the work of all the vendors who help make the Visual Studio third-party marketplace so robust and dynamic. Their efforts save countless hours and untold amounts of money for professional developers everywhere.”
The awards are based on the responses of 539 Visual Studio Magazine subscribers. An email invitation was sent to 23,000 randomly selected subscribers and responses were collected from April 28 – May 2, 2008. The ballot, which was compiled by the editors of Visual Studio Magazine, included more than 400 products.
“It is a great honor to be recognized by the readers of Visual Studio Magazine because they are the most objective users of our products,” said Svetozar Georgiev, Telerik CEO. “Our Win and Desktop tools for .NET are already established as the industry-standard and we are happy to receive this recognition for our efforts to always provide software professionals with high-quality products that facilitate the process of software development.”
Telerik is a winner of numerous technical and business awards. The broad portfolio of the company includes UI components for ASP.NET AJAX, Windows Forms, WPF and Silverlight, as well as a Reporting Tool and a Web Content Management System. Telerik’s products presented with the Readers’ Choice Award include RadControls for ASP.NET AJAX in the UI Components – Web Forms category, and RadControls for ASP.NET AJAX + RadControls for WinForms + Telerik Reporting in the Component Suites for .NET – Desktop and Web category.
About Visual Studio Magazine
1105 Redmond Media Group’s Visual Studio Magazine provides independent, how-to, practical articles that teach enterprise developers how to create applications with Visual Studio better, faster and more easily. The award-winning editorial reaches the core of the Microsoft developer community - software architects, senior developers and development managers. The publication reaches 85,000 subscribers monthly. For more information and a complete list of winners, visit http://visualstudiomagazine.com/features/article.aspx?editorialsid=2491
Jun 20, 2008
Telerik Named Best Employer in Central and Eastern Europe
Bulgaria, Sofia, June 5, 2008 – Telerik is proud to announce that it has been recognized with the 3rd place in the “Best Employers in Central Eastern Europe” study (small and medium scale company category). The research was conveyed by Hewitt Associates, the world’s foremost provider of human resources outsourcing and consulting services.
The study involved 120,000 employees from 591 companies in 12 Central Eastern European countries who shared their opinions about their workplaces. The rankings for Best Employer are based on the employees’ objective evaluation of their companies. Among the criteria evaluated are: career growth, work environment, remuneration and benefits, business strategies, knowledge about employee opinions, effectiveness of internal communication, etc.
“Telerik is a result of its employees’ efforts and ideas, and I can’t be happier to see these yield a remarkable outcome”, said Svetozar Georgiev, Telerik CEO. “Being number 1 employer in Bulgaria is fantastic, but being number 3 in CE Europe is absolutely unbelievable”.
The study is one of the largest employee researches conducted in Central and Eastern Europe. Hewitt measures the effectiveness of an organization in providing a workplace that engages the intellectual and emotional commitment of its employees. An article on the study results was published by The Wall Street Journal (Europe).
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 information, visit http://www.telerik.com.
About Hewitt Associates
With more than 60 years of experience, Hewitt Associates is the world’s foremost provider of human resources outsourcing and consulting services. The company consults with more than 2,400 organizations and administers human resources, health care, payroll and retirement programs on behalf of more than 350 companies to millions of employees and retirees worldwide. Located in 35 countries, Hewitt employs approximately 22,000 associates. For more information, please visit http://www.hewitt.com.
Jun 19, 2008
Telerik Wins the SD Times 100 Award Once Again
Newton, MA, June 18, 2008 - Telerik, a leading vendor of developer tools and components for .NET, is proud to announce that for the second year in a row, it has been recognized as a SD Times 100 award winner in the Components Category.
The SD Times 100 is an annual listing of “the best and the brightest” companies and individuals in the software development industry. Now in its 6th year, SD Times 100 recognizes organizations and influencers for their innovation and leadership in a certain industry category. Each year, participants in the competition are nominated by BZ Media’s editors, as well as an expert group of writers, conference faculty and analysts, and judged by the editors of SD Times.
"The software development industry is led by innovation," said Alan Zeichick, Editorial Director of BZ Media's SD Times. "When choosing the 2008 SD Times 100, we carefully considered each organization's products and services, reputation with development managers, and the new ideas and thought leadership that it has brought to the industry. Thanks to companies like Telerik, and its cutting-edge family of user interface components, the art and science of software development continues to advance at a rapid pace."
“Being ranked among the industry ‘best of the best’ is a great honor for us,” said Svetozar Georgiev, Telerik CEO. “This award reflects our commitment to deliver outstanding products and to constantly strive to outperform our own accomplishments. Our products have become the industry-standard and we are happy to provide software professionals with high-quality tools that facilitate the process of software development. We are also flattered to be recognized by the editors of SD Times, itself a trend-setting publication.”
Telerik is a winner of numerous technical and business awards. The broad portfolio of the company includes UI components for ASP.NET AJAX, Windows Forms, WPF and Silverlight, as well as a Reporting Tool and a Web Content Management System.
About SD Times
BZ Media LLC® (http://www.bzmedia.com) is a high-tech media company combining the best of print and Web-based publishing, offering industry-leading magazines, newspapers, Web sites and conferences.
BZ Media’s SD Times® (http://www.sdtimes.com) is the twice-monthly newspaper of record for the software development industry. SD Times reaches more than 60,000 subscribers in 131 countries. SD Times was recognized by Media Business Magazine as the fastest-growing IT publication in 2007. For more information and a complete list of winners, visit http://sdtimes.com/content/about-sdtimes100.aspx
Jun 18, 2008
TechEd 2008 Aftermath
This year’s TechEd USA was another great event for the Telerik team. For the first time, the show was divided into two separate events—TechEd Developers and TechEd IT Professionals , with Telerik being the only Gold sponsor of the Developers event.
The glossy black-and-green booth was definitely the point of attraction at the expo floor. The two huge plasma screens were showing demonstration videos of Telerik products, while our crew was busy giving presentations at the demo stations.
This year’s line of Telerik apparel was “sold out” in no time. The male “.Net Ninja” and the female “Geekette” t-shirts were definitely a hit. We should make sure to produce more for next year’s event.
It is hard to say which product line attracted most interest as people wanted information about everything – from our new WPF product line to the new design surface of Telerik Reporting. We also demoed our ASP.NET AJAX and WinForms suites. A lot of people stopped by asking questions about our Silverlight controls as well.
You can check here some of the special new demos we have been showing at TechEd:
ScheduleBuilder Application
CRM Sample Application
Online Snowboard Store
Telerik products were featured in some TechEd sessions, like Tim Huckaby’s “WPF data visualization applications” during which Telerik RadControls for WPF were showcased.
Our booth was constantly surrounded by colleagues from the industry, Microsoft staff, and partners like Falafel Software, who presented their Active Focus application, built with RadControls for ASP.NET.
Last but not least, we got back home with a Best of TechEd award for our Sitefinity CMS, and two Visual Studio Magazine Readers Choice recognitions of our Win and Web UI suites.
Jun 11, 2008
Telerik Announces RadControls for Silverlight 2 CTP
Setting a higher standard in .NET toolset performance
NEWTON, MA, June 11, 2008 - Telerik, a leading vendor of developer tools and components for .NET, is excited to announce a Community Technology Preview of RadControls for Silverlight 2, right after Microsoft officially released Silverlight 2 Beta 2 plugin. The suite provides some very advanced features that are not supported by the standard controls and includes six controls that are not available with the Silverlight 2 Beta 2 edition.
“Our dedication is to provide a fully featured, super advanced suite for Silverlight 2,” says Nikolay Atanasov, Unit Manager of Telerik Silverlight division. “Our goal for the forthcoming Q2 2008 release is to offer a corresponding WPF control for almost every Silverlight control, thus allowing our customers to easily use our controls for both platforms.”
The suite ships with six controls that are not included in Silverlight 2 Beta 2 edition: RadMenu, RadUpload, RadTreeView, RadCube, RadNumericUpDown and RadProgressBar. Furthermore, a RadTabControl and a RadMediaPlayer control provide advanced features that are not available with Silverlight 2 Beta 2 edition, such as Playlist and Chapter Creation and Vertical/Horizontal orientation.
Pricing and Availability
RadControls for Silverlight 2 is currently offered as a free version for testing and evaluation purposes only.
Special promo: If you purchase the Telerik Value Bundle (RadControls for ASP.NET AJAX +RadControls for WinForms + Telerik Reporting) before July 15th, you will get free licenses of RadControls for Silverlight and RadControls for WPF once they are officially released.
The Telerik value bundle is available with Subscription and source code for $1299.
Check the online demo or download a free trial.
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