Telerik Recognized as One of 50 Fastest Growing Technology Companies Central and Eastern Europe

Achieving growth of 2,327% over the last five years, Telerik placed 5th
WALTHAM, Mass.--(Business Wire)--
Telerik, a leading provider of development tools and solutions for the Microsoft
.NET platform, today announced it has been awarded fifth place in the 2009
edition of Deloitte`s Technology Fast 50 listing of the 50 fastest growing
technology companies in Central and Eastern Europe. The prestigious award
reflects Telerik`s rising leadership role in the application development space
and recognizes it as one of the most progressively growing companies in the
region, proclaiming Telerik to be "a true representation of a modern,
cross-border, real-time business."

"We are proud to be at the top of Deloitte`s distinguished ranking," said
Telerik`s CEO Svetozar Georgiev. "This high achievement can be accredited to our
devotion to innovation and quality, sustainable customer and partner
relationships, but most of all to our incredible professionals whose hard work
made this possible."

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.

"The improved performance compared to last year`s is both in terms of numbers of
ranked Bulgarian companies and occupied chart positions," said Asen Dimov,
Partner Audit and Industry leader for the Technology, Media and
Telecommunications (TMT) sector in Bulgaria. "While the growth of the Fast 50
companies on average is down from 1,271% in the previous year, the growth of
933% represent a remarkable achievement in the current business climate. This is
to show that despite the challenging times, software companies managed not only
to survive but progress by finding alternative niches and providing unique
quality solutions," he concluded.

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. In a separate announcement
today, Telerik unveiled the next wave of its entire product lineup, showcasing a
number of industry firsts for SQL Azure and Silverlight 3 among the enhancements
to its MICROSOFT .NET solutions.

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.

About Telerik

Telerik is a leading vendor of ASP.NET AJAX, Silverlight, WinForms and WPF
controls and components, as well as .NET Reporting, .NET ORM and .NET CMS
solutions. Building on its expertise in interface development and Microsoft
technologies, Telerik helps customers build applications with unparalleled
richness, responsiveness and interactivity. Created with passion, Telerik
products help thousands of developers every day to be more productive and
deliver reliable applications under budget and on time.

Media Contact:
Interprose Public Relations
Melissa Power, 401-454-1314
melissa.power@interprosepr.com

Copyright Business Wire 2009