Nik Collection Creator DxO Files Bankruptcy
By Joseph Tepper, May 1, 2018 @ 11:16 PM (EST)
Rumblings have been going around for a while concerning the financial stability of DxO Labs, the company behind popular photo editing software products “Nik Collection” and “DxO Photo Labs.” But in an official statement, the company confirms that it has filed for Chapter 11 Bankruptcy Protection—but insists the restructuring will not impact customers.
Actually, the company used the opportunity to tease upcoming products. Those include an upgraded version of the main DxO Photolab. In the process, DxO flaunted the program’s perpetual license as opposed to the subscription model offered by Adobe.
“[This is] 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,” the statement reads.
As well, DxO promises to release updated versions for the popular Nik Collection of software. The goal is to make the programs work more smoothly and streamline the plug-ins with an iOS or PC system. Read more about the developments, here.
On March 7, 2018, 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