Telerik is a software development company known for creating tools and solutions that help developers build applications more efficiently. Founded in 2002, it offers a range of products, including UI components for web, mobile, and desktop applications, as well as testing and reporting tools. In 2014, Telerik was acquired by Progress Software Corporation, expanding its reach and resources. The company's products are widely used in the software development community, providing developers with the necessary tools to create high-quality applications across various platforms.