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.
The new board of directors has made changes to management, including the appointment of Johannes H. Gudjonsson, formerly CIO at Ossur, as CEO of Wise from 1 January 2020. At the same time, Gunnar Bjorn Gunnarsson took over as CFO following his resignation as Chairman of the Board of Wise Solutions ehf. Stefan Thor Stefansson has taken over as Managing Director of the company’s advisory and service division.
Hrannar Erlingsson, Wise’s Managing Director for 13 years, has decided to leave the company. Hrannar has done a magnificent job in building the strong, pioneering company that Wise is today.
Jonas Hagan, the new chairman of the board of directors of Wise, says: "The company has achieved great results here at home and abroad thanks to the extensive experience and knowledge of the staff in developing Wise’s business solutions. Together, we look forward to tackling the exciting opportunities that the company has developed over the last few years. We intend to bring additional powerful investors into Wise's ownership group and look at acquisitions and mergers to further strengthen our organization."
Johannes H. Gudjonsson, new CEO of Wise, adds: "We will continue to support the development and service of solutions that meet the high expectations of customers both at home and abroad. Our goal is to build a company which will be a leader in both Icelandic and international markets."