Telerik Acquires EQATEC and Adds Application Analytics to Development Stack

  Telerik Acquires EQATEC and Adds Application Analytics to Development Stack

Acquisition enables Telerik customers to easily gain deep, real-world insights
                         into application performance

Business Wire

WALTHAM, Mass. -- March 7, 2013

Telerik, an end-to-end provider of software development, lifecycle and content
management tools and solutions, today announced that it has acquired EQATEC,
creators of the cross-platform application analytics solution, EQATEC
Analytics. Headquartered in Copenhagen, Denmark, EQATEC enables software
development teams to improve decision-making based on real-time usage and
application health data.

Application analytics delivers to developers the kinds of insights that
solutions like Google Analytics have offered to web developers for years. From
basic information, like number of users, user location, frequency of app
usage, and duration of usage sessions, to fine-grained insights into use of
specific features, EQATEC Analytics offers a complete picture of app usage
across desktop and mobile platforms. In addition, application health is
monitored by capturing crash reports and exceptions, enabling developers to
quickly identify and fix problems. EQATEC Analytics eliminates the guesswork
and empowers data-driven development decisions.

The acquisition of EQATEC complements Telerik’s portfolio by tapping into
important technology trends and reinforcing Telerik’s leadership as an
end-to-end provider of application development solutions. According to
Forrester Research, “You cannot pursue the cool new movements such as cloud,
big data, and development + operations (DevOps) if your basic monitoring is in
shambles…Leaders understand that they need to get the basics right before
moving in more ambitious directions.”^1

“EQATEC Analytics adds an important piece to our ALM stack. Dev teams can now
know for sure how their software is used and improve it accordingly,” said
Svetozar Georgiev, Co-founder and CEO, Telerik. “The integration of our two
companies aligns perfectly with our vision of the future and long-term
strategy for success. EQATEC is synergetic with Telerik, from both a product
and a cultural standpoint – it’s a good fit that will benefit our customers
across the board.”

EQATEC's application analytics supports all popular application platforms
across desktop, web, and mobile, including: .NET, .NET CE, Java, COM,
Silverlight, Win32/C++, iOS, Android, Windows Phone 7, and JavaScript (coming
soon). The solution is available both as a cloud-based SaaS offering, and as
on-premise implementation for large enterprise customers with strict data
usage requirements.

“We are proud that we have built a solid and highly scalable solution, used by
customers like the Danish Post, APC by Schneider Electric, Widex, PhaseOne and
GN,” said Eigil Rosager Poulsen, Co-founder and CEO, EQATEC. “By joining
forces with Telerik we will take the product to new heights and turn it into a
market leading cross-platform application analytics solution.”

“With a focus on quality, service, and expertise, Telerik is the best home for
us, as we bring EQATEC to the next level,” said Morten Damsgaard, Co-founder
and CTO, EQATEC. “Being part of a highly-successful, worldwide organization
will ensure that our solutions continue to evolve as the industry shifts,
providing the highest quality, fully-rounded solutions available.”

As part of the acquisition, Telerik will retain all EQATEC employees as well
as the Copenhagen office, with plans for expansion in that region. The company
will continue offering the products as SaaS as well as on-premise deployments
for enterprise customers.

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 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. For additional information about Telerik, please
visit www.telerik.com or follow @telerik on Twitter.

^1 Forrester Research, Inc., “Revive Your IT Management Software Portfolio,”
March 1, 2013, John Rakowski

Contact:

Ignite Public Relations
Carmen Hughes, 650-453-8553
carmen@ignitepr.com
or
Telerik Inc.
Erica Burns, 888-365-2779 #154
Erica.Burns@telerik.com
or
Telerik
Alexandra Mechkova, +359.888.890.717
Alexandra.Mechkova@telerik.com
 
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