Centara acquires it´s business partner Wise



We are very pleased to announce that Centara has acquired its partner Wise Lausnir ehf., the largest sales and service company of Microsoft Dynamics NAV in Iceland.  Wise employs 75 highly skilled and experienced developers and consultants and had a turnover of USD 12,5 million in 2018. The company was previously owned by AKVA Group in Norway.  The shareholders in Centara remains to be employees and Varda Capital ehf. which financed the transaction.

Wise is one of the leading international developer of software solutions for seafood businesses and has an expertise that is recognized worldwide in the WiseFish brand, with a network of partners and customers around the globe.

Centara and Wise partnership extends few years back and the companies share offices in Reykjavik, Iceland. The companies also share many customers, specifically in the municipalities sector were Wise has a strong market share.  Besides developing own solutions Wise provides Microsoft Dynamics NAV, enterprise resource planning (ERP) solution to its customers.  Among Wise customers are many of the largest companies in Iceland, in technology, manufacturing, retail, wholesale and distribution.

Wise is a Microsoft Gold Partner ISV and has received numerous awards for being a leading partner in its field from Microsoft. Among other solutions of Wise are Analyzer business intelligent solutions, financial solutions for municipalities and many other localized solutions for the Icelandic ERP market.

With Wise and Centara product portfolio we strengthen our product and service portfolio tremendously and see a great opportunity to service our customers better with Centara Retail on both the Microsoft and Acumatica ERP platforms.