The version of Telerik products is requested as information where submitting a support ticket. In case one forgot the version currently installed, there is no way to find it (may be I am the only one who don't know). Usually most software provide such information in the "About" box. I found it difficult and not very useful that the "About" menu of Telerik connect to the Progress Home Page instead of displaying some useful information about the current installation (user name, version, installed components, license status, etc....). There are already many other actions (request support, online documentation, etc...) that connect to the web site. The "About" box should just be displayed within VS and provide information on the installation. Or at least you link it to the Progress Control Panel and adding a page for information I mentioned and more that user may need to know when needed.
Below is an example from VS.