Netwise International Ltd entered liquidation and closed European officesHIGH
According to a Tech Monitor article, Netwise International Ltd, the UK subsidiary of Netwise Inc, went into liquidation, owing substantial amounts to the parent company and other creditors. The company later re‑emerged as Netwise UK Ltd and subsequently closed its European sales offices, making 12 staff redundant due to lack of market interest and depleted financing.
Netwise International Ltd, went into liquidation, owing substantial amounts to both the parent organisation and other creditors. It re‑appeared a few weeks later as Netwise UK Ltd... It closed its European sales offices last week because, according to sources, of lack of interest from end‑users and few takers for the RPC Toolkit early adoption programme. The 12 staff employed in European offices have been made redundant.
Extracted Facts (2)
Netwise International Ltd entered liquidation. The liquidation was reported by Tech Monitor. It indicated that the company owed substantial amounts to its parent company and other creditors.100%
REPUTATIONAL
Cost: $0.002775
After liquidation, Netwise International Ltd re‑emerged as Netwise UK Ltd and closed its European sales offices. The closure resulted in 12 staff members being made redundant. The redundancies were attributed to lack of market interest and depleted financing, reflecting negative operational conditions.100%