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Telerik AD () is a Bulgarian company offering software tools for web, mobile, desktop application development, tools and subscription services for cross-platform application development. Founded in 2002 as a company focused on ASP.NET, .NET development tools, Telerik now also sells a platform for web, hybrid and native app development. On October 22, 2014 Progress Software announced its acquisition of Telerik. The acquisition was finalized on December 1, 2014. Overview Telerik was founded in 2002 by four graduates of American University in Bulgaria and Technical University of Sofia. Initially focused on providing outsourced software development for foreign and Bulgarian companies, the company shifted its direction to the creation of application development tools. Its first product, Rapid application development, RAD editor (rapid application development), was a web page editor designed to support the then recently launched Microsoft technology, ASP.NET. The company then expande ...
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Progress Software
Progress Software Corporation is an American public company that produces software for creating and deploying business applications. Founded in Burlington, Massachusetts with offices in 16 countries, the company posted revenues of $531.3 million (USD) in 2021 and employs approximately 2100 people. History 1980s: DLC to Progress Software Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, Clyde Kessel, and Chip Ziering in 1981. Originally called Data Language Corporation (DLC), the company changed its name to Progress Software in 1987, the same name of its main product, Progress. 1990s: Public company In 1991, Progress Software joined the NASDAQ. 2000s: Broad expansion In 2002, Progress Software acquired Stylus Studio developer eXcelon Corporation for approximately $24 million. In 2003, Progress Software acquired DataDirect Technologies for $88 million. In 2004, Progress Software acquired Persistence Software for $16 million. In 2 ...
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