Wiser Technology takes over Badin Soft: A new giant in the software market!

Wiser Technology takes over Badin Soft: A new giant in the software market!

The dynamic field of software development saw a significant acquisition announced on October 15, 2024 in Sofia, Bulgaria. Wiser Technology has acquired 100% of Serbian software developer Badin Soft, marking the company's seventh merger or acquisition (M&A) transaction in just 18 months. This strategic decision aims to strengthen Wiser Technology's market position and expand the services it offers.

Badin Soft is based in Niš, Serbia, and employs over 100 highly qualified software development professionals. The list of her clients includes well-known companies from the financial and communications sectors, including BlackRock, Raiffeisen Bank and Telecom Serbia. Wiser Technology CEO Kosta Jordanov expressed his delight at the new addition, emphasizing that Badin Soft's expertise in the financial services and communications sectors will significantly enrich Wiser's offering.

Strategic significance of the takeover

The acquisition will increase Wiser Technology's capabilities, particularly in areas where Badin Soft already has widespread operations. Through this merger, Wiser Technology expects to increase consolidated pro forma sales for 2024 to over 30 million euros. This underlines the company's growth intention, which aims to develop into one of the leading software service providers in Central and Eastern Europe.

Wiser Technology has a clear growth strategy that aims to diversify supply capabilities in the region while gaining more direct access to key markets such as the US, UK and the DACH region. Jordanov also thanked the Badin team and the main shareholder, BlackPeak Capital, for their support during the transaction process.

Božidar Ignjatović, CEO of Badin Soft, also commented on the acquisition: "This acquisition is a testament to the commitment and competence of the entire Badin Soft team. Belonging to Wiser Technology allows us to expand our capabilities and enter new markets." Ignjatović believes that the partnership with Wiser Technology will help drive innovation in software development.

Dušan Cvetković, CTO of Badin Soft, sees the integration into the Wiser family as an important step for the future of the company. “Our team’s deep experience and commitment to excellence align perfectly with Wiser Technology’s vision,” said Cvetković. He is optimistic that together we can seize new growth opportunities.

Wiser Technology has set itself the task of supporting innovative companies with modern technologies. Customers include internationally active companies such as Airbus, IBM, Nokia and Bosch. In addition, Wiser Technology plans to recently move to the premium segment of the Bulgarian Stock Exchange and complete a capital increase of 12.3 million euros to drive company expansion.

This development shows that Wiser Technology is on a promising path to increase its market share and offer innovative software solutions to a broader range of industries. In the coming months, it remains to be seen what new initiatives and solutions the company will introduce after integrating Badin Soft into its portfolio. The full background on this topic is on www.presseportal.de to read.