Today Progress and Telerik announced that Progress has entered into a definitive agreement to acquire Telerik AD; check our Press Release and Vassil and Zarko’s post. This is great news; welcome aboard, Telerik!
You may know Telerik from their UI components and tools (DevCraft), available for .NET, Web and Mobile, from their excellent KendoUI HTML5 components, from the Sitefinity WCMS, from Fiddler, the popular MiM debugging proxy, or their ALM tools like TeamPulse and TestStudio. Most recently they released the comprehensive mobile Telerik Platform. Telerik’s mobile product supports native and hybrid development, the latter using Apache Cordova and they have a nice catalog of verified Plugin.
Telerik’s HQ is in Sofia, Bulgaria. I visited this summer and thoroughly enjoyed it and I’m looking forward going back. Telerik is a key contributor to the high-tech culture in Bulgaria (see awards); they have been named Best Employer in Bulgaria for 6 years in a row, and this year they received their second award as Best Employer in Central and Easter Europe. They have a great culture, with very interesting approaches to the needs of their company like Telerik Academy. Telerik also has offices in other locations including Walthan, MA, and Palo Alto, CA; altogether 9 offices in 7 countries.
Telerik has over 130K customers from 60K organizations in 94 countries. They have a solid presence in the Fortune 500 companies (over 450), goverments and non-profits. They have a very agile organization and use modern processes and tools (including OpenStack and Node.js).
I’ve had an opportunity to meet some of the team and I can’t wait to work more closely with the co-founders Vassil, Zarko, Boyko, Hristo, as well as Aaron, Dimi, Todd, Zaris and the rest of the team.
The combination of Progress and Telerik creates a complete platform combining cloud and on-premise offerings to enable the rapid creation of applications driven by data for any device or cloud. The combined company builds on OpenEdge and our DataDirect offerings with the Pacific components of Rollbase productivity platform and our Node.js and MongoDB offering in Modulus.
Moving forward to a new chapter in the story of Telerik and Progress. Fun times ahead!