Progress builds up developer chops with Telerik buy

The $262 million deal puts Progress in the fast lane of application development

In a move to muscle up in the app dev space, platform services provider Progress Software is in the process of acquiring development software vendor Telerik for US$262.5 million.

Progress plans to fold Telerik's tools into its developer platform, Progress announced Wednesday.

Telerik will bring to Progress a sizable user base of over 1.4 million developers. The company's revenue over the past year has been $60 million, and it is currently increasing its business by more than 20 percent.

Telerik sells a suite of user interface development tools and application life cycle management products. The company supports a variety of languages, including Microsoft .NET, Java, JavaScript and Node.js, and Progress' OpenEdge Advanced Business Language.

"Telerik has built a strong name for itself in the software components space, mostly around the Microsoft ecosystem, but the company has been busy expanding into other areas like mobile development, testing services and the Sitefinity content management system/portal technology that is fairly popular with developers," wrote Al Hilwa, IDC program director for software development research, in an email.

The two companies have a highly complementary set of technologies, according to Progress. Progress' OpenEdge platform runs online applications on behalf of more than 4 million users and 47,000 businesses.

The acquisition will help put Progress into faster growing areas in the application development space, Hilwa noted. "We will have to see if the combined company can keep executing at the same level in terms of growth as the independent Telerik has been," he wrote.

Progress is planning on completing the acquisition in December.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuesDevelopment toolsapplication developmentsoftwareProgress SoftwareMergers and acquisitions

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joab Jackson

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles


GGG Evaluation Team

Kathy Cassidy


First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni


For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell


The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi


The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott


My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?