DxO Labs today announced that it has filed for Chapter 11 Bankruptcy Protection, confirming reports of the move that emerged last week.
The French company says that the purpose of the bankruptcy filing is to “restructure the business” and that it “will not affect our customers in any way.” Everything should also be completed and resolved within “a few more weeks.”
In the meantime, DxO Labs is still hard at work on its photography software. Having acquired the Nik Collection from Google in October 2017, DxO Labs now says its first new version for the collection will be coming in June 2018.
“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,” the company says.
That same month, DxO Labs is also planning to release a new free update (version 1.2) of its DxO PhotoLab flagship image processing software.
“[T]his 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,” DxO says. “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.”
As we stated last week, this bankruptcy only applies to DxO Labs and not DxOMark, the camera equipment rating lab. The latter was spun off into its own independent company in September 2017.