UPDATED 15:24 EDT / MARCH 08 2013

NEWS

Telerik Expands into Application Analytics with EQATEC Acquisition

Bulgaria-based high-tech company and a leading global provider of software development, lifecycle and content management tools and solutions, Telerik, announced that it has acquired EQATEC, creator of cross-platform solution for analyzing applications, EQATEC Analytics.

The technology product company based in Copenhagen, Denmark, EQATEC allows software developers and teams to make decisions based on information on the use of real-time applications and critical data available. Its flagship product, EQATEC Analytics generates all information including number of users and their location, frequency and duration of work with application specific information and the use of special features. It also provides analysis of applications to developers and data statistics like Google Analytics.

In addition, application health is monitored by issuing reports failures and errors in the code that allow developers to quickly identify and resolve problems. EQATEC Analytics eliminates the guesswork and empowers data-driven development decisions.

With the acquisition of EQATEC, Telerik complements its range of products and consolidates its position as a leading global provider of end solutions for software development and expands its plans for further expansion into other regions.

“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.”

As part of the acquisition, Telerik will retain all EQATEC employees, and its SaaS offerings as well as the Copenhagen office. EQATEC 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.

“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.”

The highly scalable analytics solution of EQATEC is meant to enable Telerik to boost its application development lifecycle solution. The company recently announced the availability of Version 2.0 of its Test Studio for iOS that combines mobile test automation and end-user feedback into a single product. The company also announced the industry first Integrated Cloud Environment (ICE), known as Icenium that fully uses the cloud to produce, update, and maintain software across all platforms. In addition, it has .NET development tools, DevCraft, for developing UI controls, productivity and reporting features for line of business apps.


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