Oslo, April 2, 2019 – Erik Fossum Færevaag, Founder and CEO of Disruptive Technologies, creator of the world’s smallest wireless sensor, announced today that it’s time to hand over the leadership of the company to someone more experienced in growing a business globally. Erik Fossum Færevaag and the Board of Directors have appointed Raoul Wijgergangs as CEO, effective April 1, 2019. Wijgergangs is the former Vice President and General Manager of the IoT Business Unit for Smart-Home and Consumer at Silicon Labs, a leading provider of silicon, software and system solutions for the Internet of Things.
“The team has built a revolutionary sensor-to-cloud solution and taken it to market. Now it’s time to commercialize it and aim for radical growth. That’s what we have hired Raoul Wijgergangs to do,” says Chairman OJ Winge.
“Raoul has a history of strong performance in IoT. He pioneered the smart-home market, building not only a company but an industry. His vision for how we can develop our business and how our technology solution will be experienced by our partner and customer ecosystem is exactly what we need as we enter this next chapter of growth,” says Erik Fossum Færevaag.
Raoul Wijgergangs is a business developer with global impact, having lived and worked in the Netherlands, Johannesburg, Silicon Valley, New Jersey, and Copenhagen, where he has successfully led international business units and teams. His most recent accomplishment was the sale of the Z-Wave business to Silicon Labs for $240M in April 2018. He joined Z-Wave, now the de-facto standard in IoT for smart-homes, in 2004 when it was still a small start-up.
“I enjoy the process of creation. Building new companies or even better pioneering industries. Working with global teams and partners to define and deliver on a common strategy is one of the most full-filling senses of accomplishment one can get. Disruptive Technologies is at a pivotable junction where it has the opportunity to provide its unique IoT solution to organizations in many industries, allowing people and companies to make better decisions about their assets and business processes. These better decisions will lead to less time wasted, less materials used and fewer interruptions in companies’ processes — in other words, more sustainable operations. There is no country in the world where such movement can be better led than from Norway, one of the most sustainable countries in the world. I am very excited to have moved to Norway now to start learning the culture of another inspiring country,” says Raoul.
Raoul also worked at Philips for 10+ years, having scaled both small and large corporations. He holds a Bachelors of Engineering in Computer Science and an M.B.A. from the University of Twente in the Netherlands.
Erik Fossum Færevaag will continue with the company, focusing on securing long term competitiveness, and will also remain on the Board of Directors. “We have built a sensor-to-cloud solution with endless possibilities and limitless scale, now it is about maximizing the potential,” he says.
“Erik has truly built a unique technology and a powerful organization. He has inspired the best of breed in engineering, design, and development to create the world’s smallest wireless sensor, achieving the impossible,” continues OJ Winge. “His uncompromising attitude is rare and the true reason for what has led Disruptive Technologies to the leading global position it has with partners and customers today.”
Disruptive Technologies has experienced a substantial increase in demand for their products. The company is collecting three million data points daily. The sensor-to-cloud solution is gaining traction in real estate, healthcare, utilities and retail, where companies are applying the solution to monitor mission-critical assets in achieving operational efficiency while building sustainable and safe operations. The company, rapidly expanding its customer and partner base, is adding tremendous value to organizations and they are now ready for international expansion.
“I’m honored to lead Disruptive Technologies into the future,” says Raoul Wijergangs. “Erik has done a fantastic job building the company and taking the sensors to a point where we can scale. Thanks to Erik and his vision, Disruptive Technologies is strongly positioned, not only to expand into the four applications we are actively pursuing today, but also to conquer new markets and geographies. We expect to see strong growth over the next few years. Disruptive Technologies is a unique opportunity for me to join a growth company with strong momentum in a large market. I am looking forward to working with the Disruptive Technologies team and taking the company to the next level.”
About Disruptive Technologies
Disruptive Technologies was established in 2013 and have 45 employees in offices in Bergen, Oslo, Trondheim, Volda, London, Paris, and Munich. The company’s main office is in Kokstad in Bergen. Major shareholders are Ubon Partners, Føysli, Firda, Ferd, TD Veen, Norselab and Nysnø.
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