DevBetaKitabout 2 hours ago
ThoughtWire seeks sale after debt-fuelled growth fails
2 min read
Toronto-based ThoughtWire, which sells AI-powered digital twin software to medical service providers, is exploring a sale after filing a notice of intention under the Bankruptcy and Insolvency Act in early August. The company failed to rebound from COVID-19 and its high debt burden. An Ontario court approved a process to find acquirers or investors by October 20.
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