DxO Labs, the software arm of the DxO brand, has gone into receivership, according to reports.
The move is somewhat surprising for the French company, which only recently acquired the Nik Software plugins from Google.
It’s not entirely clear yet if ‘receivership’ holds the same meaning under French law, but generally when a company goes into receivership it means it is unable to meet its financial obligations.
When creditors lose faith in a business’s ability to pay back its debts, a receiver will be appointed who will look to sell off assets in order for the company to pay its debts.
Canon Rumors posts an email that was sent to a customer of DxO Labs, which doesn’t comment on the situation but does acknowledge it.
In fact, the company has recently been placed under a regime of judicial administration, the time to reorganize.
Although we can not comment on this situation, we can nevertheless assure you that the company is absolutely not in liquidation and that we are confident that our customers will not be affected by this procedure.
And an admin from the Canon Rumors forum posted the following legal notice, which sheds a little light on the situation:
Legal notices Dxo Labs
3 RUE Nationale
92100 Boulogne Billancourt
Annonce légale publiée dans le Bodacc n°20170082 du 27/04/2017
20 décembre 2017
Modification de représentant
Enterprise (s) issuer (s) of the advertisement
Name : DXO LABS
Code Siren : 444 777 577
Legal form : Limited Company
Company officers : Alternate Auditor: BEAS represented by Pierre Victor; Statutory Auditor: DELOITTE & ASSOCIES in office on March 23, 2006; President: MENIERE Jerome on 15 December 2017
Legal notice published in the Bodacc n ° 20170244 of 20/12/2017
March 16, 2018
Activity : design and marketing of image processing software, design, marketing of electronic components.
Comment : Judgment declaring the opening of a bankruptcy proceeding, date of cessation of payments on January 15, 2018 appointing administrator Selarl Fhb Mission Conducted By Me Hélène Bourbouloux 16 PLACE IRIS TOUR CB21 92040 Paris Defense Cedex with powers : assist, legal representative Selarl C. Low Mission Conducted By Me Christophe Bass 171 AVENUE CHARLES DE GAULLE 92200 Neuilly-sur-Seine. The claims are to be declared, within two months of this publication, to the Judicial Agent or on the electronic portal at www . Creditors-services. com.
Date of effect : 07/03/2018
Company (s) issuing the listing
Denomination : DXO LABS
Siren Code : 444777577
Legal form : Limited Joint Stock Company
3 rue Nationale
published in the Bodacc n ° 20180053 of 16/03/2018