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The high-profile Fresno company that once championed itself as a hub for technology education and innovation collapsed on May 29, 2023, after going broke. About 900 people lost their jobs.
Bitwise Industries was an American company focused on computer programming instruction, technology sales, and real estate operations. Founded in 2013 by Irma Olguin Jr. and Jake Soberal in Fresno , the company grew to have campuses in additional cities before furloughing its workforce and terminating the co-CEOs in June 2023.
That’s where Fresno-based BW Industries Inc., the embattled parent company of Bitwise Industies and other associated companies, was incorporated and filed for bankruptcy on June 28.
Olguin, 42 and Soberal, 37, say others in the company didn’t know about the scheme that led to the collapse of their firm and the loss of 900 jobs. Federal prosecutors allege the collapse cost ...
The suit adds that NICbyte only learned of Bitwise’s loans, sale listings and its actual financial condition on May 26 – just days before the company-wide furlough of Bitwise employees was ...
The company operates from an office in Bengaluru’s Ibbaluru, Bellandur area. [4] [8] In August 2023, it was announced Navi Group had sold Chaitanya Microfinance to the Mumbai-headquartered microfinance company, Svatantra Microfin for $178.5 million.[30] On 12 March 2022 Navi filed a draft for an INR 3350 crore IPO. [9]
DocStar was formerly known as BitWise Designs Inc. and was founded in 1985, by Rensselaer Polytechnic Institute students John Botti and Ira Whitman. In 1992, BitWise began public trading under the stock symbol BTWS. In 1994, the document imaging division of BitWise was founded as DocStar.
As the fallout continued from the financial demise of Fresno-based Bitwise Industries, its parent company BW Industries Inc. was just one of five related entities to file for ... BWRD LLC: Total ...