Telerik, an end-to-end provider of software application lifecycle and content management solutions, today announced that it has been named a finalist in the 2011 European Business Awards RUBAN d’HONNEUR for the second year in a row. Sponsored by HSBC, the prestigious recognition rewards outstanding business performance, excellence, best practice and innovation. Telerik now advances to the next competition round, where it will face nine other country representatives for the coveted Ruban d’Honneur award.

“Over the past five years, we’ve received an incredibly high standard of entries from organizations that are passionate about their business,” said Adrian Tripp, CEO, European Business Awards says. “However, very few get the chance to fly the flag for their country and compete across Europe to be recognized as one of the EU’s leading companies.”

“The European Business Awards provide a perfect opportunity to recognize the best of European business and their successes over the past twelve months,” added John Casey, head of commercial banking Europe, HSBC. “These companies have displayed an impressive ability to thrive despite challenging economic conditions, pursuing growth and creating prosperity. Their recognition is highly deserved, and through the European Business Awards that success – and the stories behind it – can be shared across the wider business community. We look forward to celebrating alongside these inspirational businesses and wish them every success at the next stage of judging.”

For a full list of country representatives or additional information about the European Business Awards, please visit http://www.businessawardseurope.com. For more information about Telerik, please visit www.telerik.com or follow @telerik on Twitter.

About the European Business Awards 2011

The European Business Awards recognises and rewards excellence, best practice and innovation in companies across the European Union. The competition is free to enter and open to organisations of all sizes and from any industry sector.

The European Business Awards programme serves three purposes for the European business community:

• It provides examples for the business community to aspire to
• It celebrates and endorses individual’s and organisation’s success
• It provides case studies and content for learning from these exceptional organizations

An innovative, strong and thriving business community makes a successful and prosperous Europe.

About HSBC

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,500 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,455 billion at 31 December 2010, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as ‘the world’s local bank’.

About Telerik

Telerik is a market-leading provider of end-to-end solutions for application development, automated testing, agile project management, reporting, and content management across all major Microsoft development platforms. Telerik’s award-winning software development products enable enterprises and organizations of every size to generate tangible productivity gains, reduce time-to-market, and stay on time and under budget. With tens of thousands of users in more than 90 countries around the world, Telerik’s customers include numerous Fortune 2000 companies, academic institutions, governments, and non-profit organizations.