It has sections for association football, team handball, badminton and athletics. The club was founded on 12 January 1938, and the club colors are green and white.
The women's handball team plays in the highest Norwegian league. The twin sisters and international handballstars Kristine Lunde-Borgersen and Katrine Lunde originally played for "Våg Vipers". The club later changed its name to "Vipers Kristiansand", and is what the club is currently called.