Telerik
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Telerik - overview
Location
Sofia, -, Bulgaria
Primary Industry
Software
About
Telerik is a software development company specializing in providing comprehensive development tools and UI components for . NET and JavaScript applications, enabling developers to efficiently build applications across multiple platforms. Telerik, founded by Svetozar Georgiev, operates primarily from Sofia, Bulgaria. The company focuses on providing development tools and has undergone a significant change in ownership, being acquired by Progress Software Corporation for USD 262.
5 mn in October 2014. Since its inception, Telerik has established a global presence, providing solutions to developers and organizations worldwide. Telerik and Kendo UI, as part of Progress Software Corporation, offer a comprehensive suite of development tools and UI component libraries tailored for . NET and JavaScript applications.
Their flagship product, DevCraft, consolidates all Telerik . NET tools and Kendo UI JavaScript components, empowering developers to create robust applications for web, mobile, and desktop environments. This includes over 110 native Blazor UI components and components designed for frameworks like Angular, Vue, and React. The libraries are designed to optimize the development process, allowing developers to concentrate on core business logic while minimizing UI complexities.
Their clientele spans individual developers to large enterprises with significant markets in North America, Europe, and Asia. Telerik and Kendo UI generate revenue through subscription-based licensing for their comprehensive suite of development tools and UI component libraries. Clients typically engage in annual subscription contracts, gaining access to products like DevCraft Complete and Telerik Reporting. The pricing structure accommodates individual developers and larger teams, facilitating direct sales transactions.
The firm also pursues strategic partnerships to enhance its presence and capabilities in the tech ecosystem. Telerik plans to leverage the recent acquisition by Progress Software Corporation to enhance its product offerings and expand into new markets. The funding from the acquisition, completed in December 2014, will be utilized to bolster research and development efforts for upcoming products aimed at improving developer experiences. Additionally, Telerik aims to penetrate further into emerging markets, with a focus on increasing its footprint in Asia and Europe by 2025.
Primary Industry
Software
Sub Industries
Internet, Software
Website
www.telerik.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Telerik - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Telerik | - | ||||||||
| Add-on | Completed | EQATEC | - | ||||||||
| Add-on | Completed | NimblePros | - | ||||||||
| Growth | Completed | Telerik | - |
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