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AI ISV Semantic Software Asia Pacific set for winding up

AI ISV Semantic Software Asia Pacific set for winding up AI ISV Semantic Software Asia Pacific set for winding up Liquidators to be appointed. Supreme Court of NSW Credit: Dreamstime Sydney-based independent software vendor (ISV) Semantic Software Asia Pacific is set for closure as the Australian Securities and Investments Commission (ASIC) green lights its winding up.  Liquidators are set to be appointed to the artificial intelligence (AI) specialist after the New South...
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ASIC secures winding up order for AI software firm Semantic Software Asia Pacific

Now-defunct Australian artificial intelligence software company Semantic Software Asia-Pacific is set to be wound up following a court decision. The Australian Securities and Investments Commission (ASIC) announced it secured the winding up order from the New South Wales Supreme Court last week, ruling that Semantic should be wound up on just and equitable grounds and that liquidators would be appointed. The order came following a court decision made on 28 June to preserve Semantic’s assets a...
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Source: crn.com.au

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