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DxO Confirms Chapter 11 Restructuring
30 April 2018
In a blog post DxO confirmed it has filed for "Chapter 11 Bankruptcy Protection and is now in the process of restructuring the business." The company said it expects the restructuring to take no more than "a few more weeks" and "will not affect our customers in any way."
In addition, the post affirmed the company's release schedule for two products:
- DxO PhotoLab will be updated to v1.2 in June with "improved local correction features, and will add support for 7 cameras, including the Canon EOS 2000D and the Sony A7 II."
- The first DxO revision of the Nik Software Collection acquired from Google will also be released in June. This update focuses on bug fixes and cross-platform compatibility.
The full text of the blog post follows:
DxO Statement on Chapter 11 Filing
Greetings.
On March 7, DxO Labs chose to file for Chapter 11 Bankruptcy Protection and is now in the process of restructuring the business.
We are very confident that this procedure, which should not last for more than a few more weeks, will not affect our customers in any way. In fact, we are pleased to announce the following upcoming product releases:
In June, we will release a free update (version 1.2) of our flagship software, DxO PhotoLab. Recently awarded the TIPA 2018 Award for Best Image Processing Software, this latest version of DxO PhotoLab will include improved local correction features and will add support for 7 cameras, including the Canon EOS 2000D and the Sony A7 III. This release will also be an opportunity for us to reiterate our commitment to the "perpetual license" model (as opposed to a subscription model) that allows our customers to update their products according to their needs, rather than in a constrained manner.
In June, we will release the new version of the Nik Software Collection, which DxO acquired from Google at the end of 2017. Much awaited by the Nik software community, this first "by DxO" version focuses on fixing bugs that up until now could disrupt the user experience, as well as on ensuring full compatibility with the latest Mac OS and PC platforms.
Thank you for your understanding and confidence,
The DxO Team