Telerik, a leading vendor of development tools and user interface components and solutions for .NET, has been awarded 61st place in the 2009 edition of Deloitte Technology Fast 500, that recognizes the 500 fastest growing technology companies in Europe, the Middle East and Africa (EMEA).

The award places Telerik among the top 100 most aggressively growing companies in what the organizers call “one of Europe’s most objective rankings for the technology, media and telecommunications industries”. The program was created to recognize the effort and dedication of those 500 fastest-growing technology companies in EMEA and includes all areas of technology: from Internet to biotechnology; from medical and scientific to computers. Rankings are based on percentage revenue growth over the past three years.

“We are proud to be among the top companies in Deloitte’s distinguished program” says Telerik’s CEO – Vassil Terziev “A Chinese proverb says – When the storm comes, most build walls while others build windmills! Here at Telerik we believe that the new conditions in which we operate present us with a great opportunity to strengthen our team and develop unique skills. This award tells us that we are headed in the right direction.”

The award offers the chance for fast-growing firms to get the high-level acknowledgment they deserve. It recognizes companies owning proprietary technology that contributes to a significant portion of the company’s operating revenues; or, devotes a significant proportion of revenues to the research and development of technology.

Telerik entered the Deloitte Technology Fast 500 EMEA after winning 5th place in the regional Technology Fast 50 CEE that took place a month earlier. The participants in both events are companies owning proprietary technology that contributes to a significant portion of the company’s operating revenues; or, devotes a significant proportion of revenues to the research and development of technology. For more information on Deloitte’s Technology Fast 500 or Technology Fast 50 programs, visit http://www.deloitte.co.uk/fast500emea/find-out-more/