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Since Telerik Academy’s launch eight years ago to-date around 12,000 people have been trained onsite. More than 45,000 have used the Academy’s online resources (including 3,800 video lessons with close to 6 million views). Telerik Academy’s results are impressive.

After leaving Progress in the end of 2016, Telerik’s four founders – Boyko Iaramov, Vassil Terziev, Svetozar Georgiev and Hristo Kosev, spun off the tech-ed organization they created in 2009 – Telerik Academy – into an independent company. Their idea is to transform the project into a self-sustaining business, grooming talent for all companies in the IT ecosystem, as well as to continue to train children and high school students for free. These plans include the current building.

Three years after Telerik co-founders Svetozar Georgiev and Vassil Terziev graced the cover of Forbes Magazine Bulgaria for the first time, Vassil Terziev is back on the cover of the prestigious business monthly.

There is more behind the avalanche-kind of success than just a good business model and a few smart ideas. You feel this the moment you enter the company's headquarters in Sofia's "Mladost" suburb. "In spite of being in the lime light, for us everyone working for the organization is a hero,” says Terziev.

In Bulgaria, where demand for qualified IT specialists is now outstripping the available supply, Telerik promotes itself as the only company in the country that offers free training courses. In 2009, it set up an academy for software engineers. So far 510 have enrolled — though not all stay the course — and the annual intake is rising. This year about 1,000 started the program, of whom Telerik plans to hire about 150.