Wiser Technology Joins SOFIX, Bulgaria’s Leading Stock Market Index

This milestone places Wiser among Bulgaria’s top 15 public companies.

Sofia, Bulgaria, March 12th, 2025 – Wiser Technology joins SOFIX, the main and oldest index of the Bulgarian Stock Exchange (BSE), effective March 24, 2025. This milestone underscores Wiser Technology’s rapid growth as it enters the highly-regarded index at 6th position, reflecting its strong market presence and solid financial foundation.

SOFIX includes Bulgaria’s 15 most liquid publicly traded companies. Inclusion in this blue-chip index requires stringent criteria, including market capitalization, number of shareholders, liquidity, and free float. Wiser Technology comfortably exceeded these benchmarks, allowing the company to join the index.

“Our inclusion in SOFIX signals that Wiser Technology has reached a pivotal stage of maturity and market credibility,” said Kosta Jordanov, CEO of Wiser Technology. “We intend to use this important validation to strengthen investor confidence further as we continue to drive growth and sustained shareholder value,” added Jordanov.

This latest achievement follows Wiser Technology’s recent inclusion in the BGBX40 and BGTR30 indices and admission to the Premium Segment of the Bulgarian Stock Exchange. Wiser Technology became only the tenth company to join this exclusive market segment.

In 2024, Wiser Technology attracted the highest amount of capital on BSE’s main market among all listed companies. The company’s shares ranked as the third most traded for the year.

At the end of February, Wiser Technology reported a four times revenue increase in 2024, compared to the previous year, driven by strategic M&As, operational excellence, and increased market demand, firmly standing as one of Europe’s fastest-growing engineering consultancies.

Looking forward, Wiser Technology is poised for further expansion in the DACH, Nordics, and the Middle East markets, leveraging its expertise in AI and high-growth sectors such as high tech, space and defense, and financial services.

To support this ambitious growth path, the company has made strategic additions to its board, welcoming prominent Fortune 500 executives and consultants: Torsten Wegener, who previously co-founded and scaled successful IT consulting firms such as DD Synergy and C:1 Solutions and was a board member of several large German public IT companies; Ivanka Višnjić, a distinguished professor at Esade Business School in Barcelona, leading the Operations, Innovation and Data Sciences department and a consultant for the likes of IBM, Enel, Caterpillar and Telefonica; and Ivaylo Slavov, founder of BULPROS (now DIGITALL), renowned for guiding it to become one of the largest and fastest-growing technology companies in Central and Eastern Europe.

Wiser Technology Reports 385% Revenue Growth and Positive EBITDA for Q4 2024, Signaling Strong Momentum for 2025

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,” said Kosta Jordanov, CEO of Wiser Technology. “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,” added Joradnov.

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. 

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Wiser Technology Receives Bulgarian Stock Exchange Award for Largest Capital Raise on the Main Market in 2024

The company secured €22.6M, emerged among the top-traded stocks, and played an active role in the evolution of the local capital market.

In Brief:

• €22.6M capital raised in 2024, and #3 most traded stock on the Bulgarian Stock Exchange (BSE)

• 281% increase in the number of shareholders and 27% share price rise

• €43M market cap with 187% year-over-year capital appreciation (CAP)

Sofia, Bulgaria, January 15th, 2025 – Wiser Technology (BSE: WISR*) has been recognized at the 24th annual Bulgarian Stock Exchange awards with the distinction of “Issuer that raised the highest amount of capital on the Main Market of BSE”. The honor was presented by Ms. Radoslava Maslarska, Chairperson of the Bulgarian Association of Licensed Investment Intermediaries (BALII), and accepted by Mr. Kosta Jordanov, CEO of Wiser Technology.

Radoslava Maslarska, Chairwoman of the Bulgarian Association of Licensed Investment Intermediaries (BALII), Kosta Jordanov, CEO of Wiser Technology

“I want to thank our investors for their trust and confidence in Wiser Technology. Their support has been instrumental in helping us achieve these milestones and positioning us to drive our international expansion,” said Kosta Jordanov, CEO of Wiser Technology. “We greatly appreciate the Bulgarian Stock Exchange for playing a key role in our journey, providing the platform that connected us with diverse investors and secured the funding needed to realize our ambitious plans,” Jordanov added.

Over the course of 2024, Wiser Technology raised €22.6M, fueling a 281% increase in its shareholder base and driving its share price up by 27%. By year-end, the company had become the third most traded stock on the BSE, while its free float reached 48%. The company reached €43M market cap, reflecting a 187% year-over-year capital appreciation – solidifying its foundation for sustainable, long-term growth.

During the year, Wiser Technology also joined BGBX40, BGTR30, and the Premium Segment of the Bulgarian Stock Exchange – becoming just the tenth company in this exclusive tier. These achievements underscore how a locally founded IT services company can access substantial funding from the domestic capital market, expand its shareholder base, and compete internationally.

Looking ahead to 2025, Wiser Technology is in a strong position to advance its international expansion, finalize its post-M&A integration efforts, and invest in new growth initiatives reinforcing its market-leading position and delivering lasting value for shareholders.

*As of 06 January 2025, the BSE code (mnemonic) for the issue of shares was modified from BNR to WISR.