Vasil Terziev
Vasil Terziev | |
|---|---|
Васил Терзиев | |
| File:Vasil Terziev.jpg | |
| Personal details | |
| Born | 9 June 1978 Sofia, People's Republic of Bulgaria |
| Political party | PP; DB; SS |
| Alma mater | American University in Bulgaria |
| Occupation |
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| Website | https://vassilterziev.bg/ |
Vasil Aleksandrov Terziev (Bulgarian: Васил Александров Терзиев; born June 9 1978) is a Bulgarian politician and businessman who co-founded the multi-milion dollar software company Telerik[1]. He is currently running for Mayor of Sofia[2].
Early life and education[edit]
Terziev was born in Sofia on June 9 1978. He graduated from the First English Language School, after which he obtained a business administration degree from the American University in Bulgaria[3]
Foundation and establishment of Telerik[edit]
In 2002, Terziev founded the software company Telerik together with Svetozar Georgiev, Boyko Yaramov and Hristo Kosev[4], and was its CEO for several years. In its early months, Telerik was involved in website development, but soon moved towards creating its own software products and components. As sales grew in the US market, Telerik attracted the attention of investment firm Summit Partners, which invested in the company in 2008 and helped improve its management. Telerik's business grew rapidly, including through acquisitions in Europe and North America, and in 2013 had 800 employees and 15 offices in various countries around the world.
In 2009, Telerik established Telerik Academy[5], a center for specialized training of software professionals, which in the following years played an important role for the software sector in Bulgaria. Terziev was a co-founder of the academy.
After several years of rapid sales growth of about 20% per year, in October 2014 the founders of Telerik sold the company to the American software company Progress Software, with an announced value of 262.5 million USD[6]. That was the largest deal in the bulgarian technology business as of 2014.
Political career[edit]
On June 27 2023 the electoral alliance of We Continue the Change, Democratic Bulgaria and Save Sofia presented Terziev as their candidate for Mayor of Sofia in the 2023 Sofia mayoral election. Terziev ended up first in the first round of the election on October 29 2023, winning 31,8% of the votes. He’s facing Vanya Grigorova on November 5 2023 at the second round of the election.
Refrences[edit]
- ↑ "Forbes Bulgaria on Vassil Terziev ('01), the "Bulgarian Busine..." BLOG | AUBG.
- ↑ Stoilova, Zornitsa (June 27, 2023). "Vassil Terziev: Why is Bulgaria's Most Active Startup Investor Running for Sofia Mayor?".
- ↑ AUBG. "AUBG Alumni Talks: Vassil Terziev ('01)". BLOG | AUBG. Retrieved 2023-11-01.
- ↑ "10 Years Telerik Academy - The First and Still Number One". www.telerikacademy.com. Retrieved 2023-11-01.
- ↑ "Our story - About Us - Telerik Academy". www.telerikacademy.com. Retrieved 2023-11-01.
- ↑ Miller, Ron (2014-10-22). "Progress Software Buys Telerik for $262.5M As Buying Spree Continues". TechCrunch. Retrieved 2023-11-01.
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