Telerik blogs

To our faithful community: 

Today, we’re excited to announce that Telerik has entered into an agreement to be acquired by Progress Software (, a U.S.-based public company that specializes in the development, deployment, integration, and management of a deep suite of business applications. They’ve been in business since 1981 and their technology is used by nearly 140,000 organizations in more than 180 countries, including 90% of the Fortune 500. 

By becoming part of Progress, Telerik will have the support and resources to continue delivering on its grand ambitions to change the way people develop applications for the modern world. Telerik will preserve its identity and its brand name.

As we chase our ambition with more energy than ever before, we promise to stay true to the values that have guided us since our humble beginnings, including taking care of our customers and employees; evolving together with you as the world changes; going the extra mile; reinventing ourselves; innovating; creating great products; and continuing to “deliver more than expected” every day in our quest to create a better digital world.

We’re committed to keeping our promises as we will be joining a company that shares a similar philosophy, bold vision and is driven to reinvent itself. Telerik and Progress have very complementary product portfolios, business models and expertise. This will make both of us stronger and more capable to deliver on our shared vision: to help individual developers and enterprises build modern applications across platforms and devices.

Please know that your relationship with Telerik is not changing as a result of this transaction. You should continue contacting us in the same ways you always have. Connect with the same Telerik staff members you’re used to. Read our thought leadership content on TDN. Submit your issues and product features requests.

Telerik remains fully committed to continuing to empower every one of you with our industry-leading UI tools, platform, and cloud services. We will continue to innovate and improve all of our products. Our 1.4 million developers and 130,000 companies depend on Telerik day in and day out to get their jobs done as effectively as possible and we treat your investment and trust very seriously. You can expect the same level of relentless focus and passion we have always delivered. We are here to stay and will continue to be your trusted partner and enable you to develop the greatest experiences possible for your customers.

Last, but not least – a VERY BIG THANK YOU! Without the trust of every one of you, our customers, Telerik would have never become what it is today. We are very excited about being able to serve you well in the future.

Telerik founders and senior leadership will continue to drive the Telerik vision and strategy as part of Progress Software and we’d love to hear from you! You can reach us at:

Yours truly,

Svetozar Georgiev and Vassil Terziev

Co-Founders and Co-CEOS, Telerik

About the Author

Vassil Terziev

As Chief Innovation Officer at Progress, Vassil Terziev is responsible for identifying growth strategies and new market opportunities, as well as promoting internal innovation.


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