Following a successful buy-in at the end of October 2019, Varda Capital became the majority shareholder in Wise Solutions ehf. With around 75 employees, Wise provides software solutions for many of the country’s largest organizations in many sectors, including local government, fisheries, finance, manufacturing, trade and various specialist services.
The new owners have reshaped the management of the company, and the new company chairman is Jonas Hagan Gudmundsson. Plans are being implemented to merge Hugbunadur, Centara ehf. and Wise Solutions ehf. under the Wise Solutions brand. Negotiations are also underway to bring in additional investors, which will strengthen the company for further growth.