Native Instruments CEO Says ‘Business Continues As Usual’
Today, Native Instruments CEO Nick Williams shared a statement on the future of the company, which earlier in the week went into Preliminary Insolvency.
Preliminary Insolvency is a court-orded phase where an administrator steps in to protect debtors’ assets, and to see if changes can be made to enable a company to stabilize its financial situation.
While his statement is short on the type of details that customers may be hoping for, Williams says that it’s business as usual for the company:
“Please rest assured that business continues as usual at Native Instruments, iZotope, Plugin Alliance and Brainworx. Our hardware and software products remain on sale and available for download and activation. Our passionate and dedicated teams are here and supporting customers as normal. In product and engineering, we are continuing to develop and launch new products and features. Our NKS Partnerships team continues to process Kontakt Player licences and NKS Partner submissions.
We are working diligently and responsibly to secure a healthy, financially sustainable future for Native Instruments. As you may have seen, Native Instruments GmbH has entered a restructuring process in Germany, as have 3 of our German non-operating holding companies. In legal terms, we have filed applications to open pre-insolvency proceedings for those companies.
We are focused on providing continuity for creators, customers, and partners. We’ll continue to share updates as we have them.
I’m a lifelong musician myself, and have been a passionate fan of Native Instruments for 25 years. Our mission to inspire and enable creators to express themselves through sound continues.”
Are you worried about the future of NI, and about applications that may need depend on ‘cloud’ resources for installation? Share your thoughts in the comments!
