Sofia, Bulgaria, February 28th, 2025 – Wiser Technology reported a 385% year-over-year revenue increase in Q4 2024, driven by an effective M&A strategy execution and growing market demand, reinforcing its trajectory for sustained growth in 2025.
In the fourth quarter of 2024, Wiser Technology’s revenue surged to €8.74M, a substantial increase from €1.80M in Q4 2023. The company also reported a positive €40K EBITDA, improving from a negative €37K in the prior-year fourth quarter.
For the full year 2024, revenue totaled €20.45M, marking a 304% increase compared to €5.06M in 2023. This establishes Wiser Technology as one of Europe’s fastest-growing engineering consultancies, recognized for its end-to-end implementation expertise. The EBITDA reached €268K in 2024, up from €146K in the prior year.
“We continue to grow fast, providing AI-driven mission-critical solutions to global enterprises, and remain committed to establishing Wiser as a European technology leader. For 2025, excluding further M&A activity, we expect to reach €38M in revenues, €10.1M gross profit and €2.3M EBITDA, despite the planned significant investments in international expansion and growth.“
In 2024, following a series of mergers, Wiser Technology rolled out an integration process to create a more agile and efficient organization. This strategic alignment is expected to be completed by mid 2025 and to enhance operational efficiency and drive financial performance in the second half of the year.
Strategic investments in sales and marketing are accelerating Wiser Technology’s global expansion and strengthening its leadership in the engineering and technology sector. The acquisition of Badin Soft in Q4 2024 expands Wiser Technology’s presence in financial services, banking, and communications. With an impressive client portfolio that includes BlackRock, Raiffeisen Bank, Telekom Srbija, and Inspira Group, this strategic move accelerates Wiser’s exposure to high-value global markets, highlighting its position as a leading provider of mission-critical IT solutions.
Wiser Technology’s Q4 Earnings Call is scheduled for 10:30 a.m. EET on March 5th, 2025. The online session is open to analysts, investors, media, and the public and can be accessed via Google Meet.
Sofia, Bulgaria, February 19th, 2025 – Wiser Technology has successfully completed a capital increase, offering shares exclusively to its employees. Nearly 300 employees participated in the stock offering, deepening their engagement and investment in Wiser Technology’s future.
This step further enhances Wiser Technology’s agility and innovation, reinforcing its belief that engaged employees drive long-term growth. As workforce ownership gains traction globally, the company takes an active part in this movement.
“We are thrilled to welcome 235 new shareholders, each of whom plays a crucial role in driving our company forward. Together with our Employee Stock Option Program, this initiative reflects our commitment to recognizing and empowering our team - who are at the heart of Wiser Technology’s success.“
This milestone underscores Wiser Technology’s long-term vision of sustainable growth with employees at its core. By strengthening ownership from within, the company is building a more engaged, resilient, and innovative future.
Torsten Wegener – co-founded and scaled multiple IT consulting firms, including DD Synergy and C:1 Solutions
Ivanka Višnjić – professor at the top-ranked Esade Business School in Barcelona, Head of Operations, Innovation and Data Sciences department
Ivaylo Slavov – founded DIGITALL and guided the company to become one of the largest and fastest-growing technology companies in CEE
Sofia, Bulgaria, February 4th, 2025 – Today, Wiser Technology (BSE: WISR) announced its intention to reinforce its Board of Directors by nominating three distinguished international digital transformation leaders for the positions of non-executive independent board members – Torsten Wegener, Ivanka Višnjić, and Ivaylo Slavov. All of them come with extensive track records in working with Fortune 500 companies.
Pending approval at the upcoming General Assembly on March 6th, 2025, these board additions bring fresh expertise in scaling operations, navigating new markets, and partnering with top-tier clients – key to Wiser’s ongoing expansion. Drawing on their deep industry networks and significant experience across the DACH region and wider Europe, the new members will accelerate Wiser’s market reach and help grow enterprise relationships.
According to Kosta Jordanov, CEO of Wiser Technology, the appointments will further deepen the company’s capability to serve enterprise clients seeking complex, large-scale IT solutions.
“These nominees each bring a proven track record of guiding global organizations through digital disruption and business innovation. Their expertise will be pivotal as we deliver advanced data, software, and AI solutions to global enterprises.“
This strategic move follows Wiser Technology’s recent expansion into the DACH and Nordics markets, marked by the opening of a new office in Frankfurt in 2024, and is part of the company’s proactive European expansion strategy and plan to establish itself as a European leader.
Torsten Wegener A seasoned IT entrepreneur and corporate executive, Wegener has co-founded and scaled multiple IT consulting firms, including DD Synergy and C:1 Solutions, with operations spanning Germany and international markets. Under his leadership, C:1 Solutions evolved into a leading IT services provider before being successfully acquired by Cognizant (NASDAQ: CTSH), a U.S.-based global leader in digital transformation and IT services with annual revenues exceeding $19 billion.
Following the acquisition, Wegener served as Vice President of the Digital Business Group at Cognizant Germany, driving strategic growth initiatives in AI & Analytics, Interactive, IoT, and Digital Engineering. Most recently, he was a member of the executive board at Adesso SE (ETR: ADN1), one of Germany’s largest IT service providers and a Frankfurt-listed company with a strong European presence. In this role, he oversaw key business units spanning automotive, manufacturing, life sciences, retail, data & AI, digital experience, as well as cloud services and platforms. During his tenure, Adesso SE achieved significant revenue growth, surpassing the €1 billion mark and reinforcing its market leadership.
In addition to his executive roles, Wegener serves on supervisory boards, including Exasol AG (ETR: EXL), further contributing his expertise to the strategic development of leading technology companies.
Ivanka Višnjić Višnjić is a professor at the top-ranked Esade Business School in Barcelona, Head of Operations, Innovation and Data Sciences department, and a globally recognized authority on disruptive innovation. Višnjić’s research, regularly featured in Harvard Business Review, MIT Sloan Management Review, and other top academic journals, has influenced strategy for multinational giants such as IBM, Enel, Atlas Copco, FC Barcelona, Caterpillar, Pearson, and Telefonica, many of whom she consults.
Drawing on her extensive academic and consulting experience, she specializes in guiding established companies through market uncertainty by developing and commercializing novel technologies. Her expertise is essential for complex organizational transformations, where the technology often necessitates an evolution in the business model as well.
Ivaylo Slavov Ivaylo Slavov is a Corporate Executive, Serial Entrepreneur, recognized expert, and leader with 30+ years of international experience in IT, Financial Services, and BPO with diverse managerial positions at Microsoft, Adecco, SEB, Unisys, Comparex (PC Ware) across EMEA. Currently, he is Chairman of the Board and CEO of Elevate (formerly Easy Consult) – a company providing flexible and innovative workforce solutions with 20 years of experience in international markets with 12 offices in 7 countries across Europe and North America.
As a strategic investor and advisor specializing in developing start-ups and growing established organizations, Ivaylo is currently also the Founder and CEO of Finance Partner, an investment and strategy consultancy company focused on innovation in IoT, Green and Renewable Energy, High-Tech, and Flexible Workforce Management solutions.
Prior to that, he founded BULPROS (now DIGITALL) and guided the company to become one of the largest and fastest-growing technology companies in CEE. Additionally, Ivaylo is a board member of several organizations, such as the AHK German-Bulgarian Chamber of Industry and Commerce and the Board of Trustees of the Burgas Free University.
Accelerating momentum By fortifying its board of directors with these accomplished digital transformation leaders, Wiser Technology is set to deliver even more impactful IT solutions for enterprises grappling with rapidly evolving market conditions. The company’s momentum accelerated sharply since 2023, with revenue growth over three times in each of 2023 and 2024, fueled by M&A and an organic expansion strategy. Coupled with a portfolio that includes top-tier clients and partners such as Airbus, Leonardo, Indra, IBM, IAV, UniCredit, ProCredit, EMAAR, Nokia, DirecTV, Bosch, and Legrand, Wiser stands ready to expand its global footprint.
