Wiser Technology Wins Two New European Defence Fund Projects

The company’s portfolio includes over a dozen defense-related ventures, ranging from real-time data streaming to AI-assisted decision-making and secure communications.

Sofia, Bulgaria, May 8th, 2025 – Wiser Technology (BUL:WISR) partners in two winning European Defence Fund (EDF) consortia selected under the 2024 call. Both projects are 100% financed by the EDF and have a total budget exceeding €33 million. ASTERION is focused on delivering a universal system enabling secure and adaptable underwater communication between and within devices. MARTINA is dedicated to creating a framework to test the accuracy and reliability of AI for satellite image analysis.

ASTERION (Adaptive and Secure Technology-Enabling Reliable and Integrated Opto-acoustic underwater Networking) is a 36‑month action coordinated by the Netherlands Organisation for Applied Scientific Research (TNO), bringing together 19 organizations – nearly half of them research institutes. The project aims to design a flexible and secure underwater communication system that seamlessly connects devices and networks, enhancing interoperability in maritime defense operations.

Wiser contributes specialized algorithms and protocol expertise in ultrasonics for underwater communication. The team has previously delivered system‑of‑systems requirements, detailed software, and hardware design for the CUIIS underwater‑technologies project financed under the European Defence Industrial Development Programme (EDIDP). According to Toshko Punchev, Head of Defense Solutions at Wiser Technology, the company was recommended by another consortium partner – one of the world’s largest shipbuilders – because of its valuable combination of deep military standards know‑how and hands‑on applied expertise demonstrated in the CUIIS project. 

The ASTERION consortium has to develop a versatile underwater communication system that uses acoustic, optical, electromagnetic, and above-water channels (radio and internet) to connect devices both below and above water, supporting various data speeds and formats. “It sounds straightforward on paper, yet the variability of seawater causes refraction and interference that must be detected, filtered, and mitigated,” Punchev explained. “ASTERION will be a demanding project, but our team has the discipline and experience to deliver it.” 

Running in parallel, the 48‑month MARTINA (Multi-source satellite imagery ARTificial INtelligence Analysis challenge) action aims to create a standardized framework to evaluate how effectively AI analyzes diverse satellite images for defense purposes, ensuring accuracy and reliability. The project is coordinated by the Royal Netherlands Aerospace Centre (NLR) and includes partners like Fraunhofer, DLR, ICEYE, SatCen, Hisdesat, and the Luxembourg Institute of Science and Technology. 

Wiser Technology will be responsible for developing the software infrastructure for the consortium, including user identity and Access Management portal for participant interaction and evaluation, as well as a robust front end for intuitive access and a scalable back end to support data handling, workflow management, and result submission. In addition, the company will contribute its expertise in analyzing road infrastructure through dataset preparation, evaluation frameworks, and AI lifecycle development, all building on the company’s prior European Space Agency (ESA) work in AI-driven image analytics for critical infrastructure analysis and road safety.

“The MARTINA project is an excellent example of how Wiser Technology creates synergy from its ESA experience and commercial expertise in building state-of-the-art solutions for the European defense needs,” said Ventsislav Neykov, VP Technology & Innovation at Wiser.

These new assignments continue Wiser’s growing track record in European defense innovation, following over a dozen EDIDP, EDF, and NATO projects. Across all of them, Wiser applies established military standards for software development throughout its full lifecycle—processes, milestones, and documentation—and maintains specialized licenses for requirements traceability and design modelling. This disciplined toolchain delivers the unified engineering approach that European ministries of defense increasingly require.

About European Defence Fund

The European Defence Fund (EDF) is a flagship initiative by the European Union aimed at enhancing defense collaboration among Member States. With a budget of nearly €8 billion for the 2021–2027 period, the EDF supports joint research and development projects that foster innovation and improve interoperability in defense technologies and equipment. By providing financial assistance throughout the entire lifecycle of defense products—from research and design to prototyping, testing, and certification—the fund seeks to strengthen the EU’s strategic autonomy and bolster the competitiveness of its defense industry.

Wiser Technology Wins Innovation Award for an AI-Powered Road Infrastructure Monitoring Solution

RoadSense builds a digital twin of road networks to help prevent accidents and save lives.

Sofia, Bulgaria, March 27, 2025 – Wiser Technology (BUL:WISR) has been awarded the Innovation Prize by the French-Bulgarian Chamber of Commerce and Industry (CCIFB) for its AI-powered road monitoring solution, RoadSense. The award was presented at an official ceremony on March 26 at Grand Hotel Millennium Sofia by Mr. Martin Danovsky, Deputy Minister of Innovation and Growth, following a selection by a distinguished jury led by Mr. Stéphane Delahaye, Chairman of the CCIFB Board.

RoadSense creates a digital twin of road networks, utilizing cutting-edge AI and Earth observation. It aggregates data from satellites, weather and traffic reports, traffic cameras, and in-vehicle dashcams to provide an up-to-date, near-real-time view of critical road infrastructure. The system uses machine learning algorithms to empower road engineers and authorities to analyze traffic patterns, detect high-risk zones, and identify maintenance needs—supporting proactive action and safer mobility.

“A heartfelt thanks and deep admiration to our team for their incredible effort and dedication in developing RoadSense – a standout achievement in technological innovation with the mission of creating a safer environment for everyone,” said Dimitar Dimitrov, CTO of Wiser Technology. “I would also like to extend my gratitude to the French-Bulgarian Chamber of Commerce and Industry for providing such a notable platform for promoting innovation in Bulgaria and, most importantly, for the honor of receiving this Innovation Award,” Dimitrov added.

The French-Bulgarian Chamber of Commerce and Industry brings together 300 French, Bulgarian, and multinational companies, aiming to develop and promote economic and trade relations between France and Bulgaria. Now in its sixth year, the Chamber’s Innovation Awards recognize companies that have delivered outstanding and forward-thinking projects. The competition showcases avant-garde solutions and provides a platform for highlighting impactful achievements from across the business community.

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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Over 50% of Wiser Technology Employees Are Now Company Shareholders, Following the Latest Capital Increase

Wiser Technology deepens its culture of employee ownership and engagement.

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

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.

Wiser Technology to Strengthen Board with Three International Digital Transformation Leaders, Bringing Fortune 500 Consulting Experience

The new board nominations support Wiser’s European growth and enhanced client services.

In brief:

• 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.