| Just got their email to the devs: Today, we’re excited to announce that Telerik has entered into an agreement
to be acquired by Progress Software (progress.com
<http://info.telerik.com/UoQy00P0TG0TOJ003C000AR>), 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: Telerikprogress@telerik.com. Yours truly,
Svetozar Georgiev and Vassil Terziev
Co-Founders and Co-CEOS, Telerik |