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, Chairwoman of the Bulgarian Association of Licensed Investment Intermediaries (BALII), and accepted by Mr. 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.
Radoslava Maslarska, Chairwoman of the Bulgarian Association of Licensed Investment Intermediaries (BALII), Kosta Jordanov, CEO of Wiser Technology
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 for the issue of shares was modified from BNR to WISR.
About Wiser Technology wisertech.com
Wiser Technology (BSE: WISR) designs, develops and operates mission-critical software solutions for some of the world's most prominent organizations. Leveraging cutting-edge technology, deep domain expertise, and engineering excellence, the company serves industries including automotive, aerospace and defense, telecommunications, and financial services.
With a team of over 600 highly skilled software engineers and computer scientists, Wiser Technology delivers exceptional solutions from its delivery centers in Bulgaria and Serbia. The company employs certified processes such as ISO 9001/20001/27001, NATO AQAP 2110/2210, and TISAX to ensure the highest quality and security standards. Headquartered in Sofia, Bulgaria, Wiser Technology is listed on the Bulgarian Stock Exchange and operates consulting offices in New York and Frankfurt.
