Author: Georgi Lazarov

Three Leading Fortune 500 Consultants Join Wiser Technology Board of Directors

by Georgi Lazarov
  • 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.“

Kosta Jordanov, CEO of Wiser Technology

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.

Wiser Technology Plans Capital Increase to Award Shares to Employees

by Georgi Lazarov

In brief

  • Wiser Technology plans to appoint of Baker Tilly as the authorized auditor.
  • Capital increase of 160,000 shares to distribute among all employees.
  • A seasoned registered auditor joins the Auditing Committee.

Sofia, Bulgaria, November 7th, 2024 – Bianor Holding (BSE: BNR) has scheduled a General Assembly meeting for December 12th, 2024, to vote on key decisions, including renaming the company to Wiser Technology, updates to the Board of Directors and the Auditing Committee, the appointment of Baker Tilly as the authorized auditor, and a capital increase of 160,000 shares to distribute among all employees.  

“Earlier this year, the GA approved an Employee Stock Option Program as a performance-based reward program. Now, in addition, the board is recommending to the GA a one-time capital increase to provide every employee with an opportunity to own stock in the company,” said Ivan Dimitrov, Chief People Officer of Wiser Technology. “This move reflects our commitment to fully aligning our team with the company’s vision, sharing the company’s success with the people that drive it, and fostering a culture of ownership and collaboration to support Wiser Technology’s further growth,” added Dimitrov.

Selecting Baker Tilly, a globally recognized top-ten auditor, underscores Wiser Technology’s commitment to expanding its appeal to international investors and its dual-listing ambitions.

The General Assembly will also vote on the addition of two new members to the Auditing Committee: Kliment Nachkov, CFO of Wiser Technology, and Veronika Revalska, a registered auditor listed in the register under Article 20 of the Independent Financial Audit Act (ZNFOSU). Nachkov brings a wealth of experience from the U.S. banking sector and corporate finance roles at Prime Holding and Entrea Capital, Bulgaria’s top independent M&A advisory firm. Revalska’s auditing expertise includes overseeing audits for major clients, including Bulgarian Energy Holding, National Electric Company, Printing Works of BNB, and Allianz Bulgaria, during her time as lead auditor at HLB Bulgaria.

Another major decision planned for the upcoming GA is appointing two new members of the Board of Directors. Dimitar Dimitrov, CTO, and Georgi Sokolov, COO of Wiser Technology, are nominated to join the BoD. Dimitar Dimitrov is an IT entrepreneur and a professor at the Faculty of Mathematics and Informatics of Sofia University. He is a former VP “Development” at SAP and a member of the board of the Bulgarian Association of Software Companies. Georgi Sokolov is a software engineer and entrepreneur. He co-founded several Bulgarian software companies and founded the Bulgarian office of the multinational brand Reward Gateway, serving clients like American Express, Groupon, Yahoo!, IBM, and McDonald’s.

Earlier this month, Wiser Technology announced its seventh M&A transaction in the past 18 months, acquiring 100% of the Serbian software development company Badin Soft. Wiser Technology (BSE: BNR) trades on the Premium segment of the Bulgarian Stock Exchange and recently completed a €12.3M capital increase from the public markets to support the company’s further expansion.