Telerik AD (Телерик АД) 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 .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.