Music hardware and software manufacturer Native Instruments has initiated preliminary insolvency proceedings, . It’s the company behind iconic software like Massive, Traktor and Kontakt and hardware like Maschine+. Native Instruments also owns the iZotope, Brainworx and Plugin Alliance brands.
We don’t have many details on what this entails and what the future of the company will look like. It is known that an administrator has been appointed to manage the restructuring and, potentially, sell the existing assets. Native Instruments employs hundreds of people and their fate also remains uncertain.
A private equity firm called Francisco Partners owns a majority stake in the company. It also owns majority stakes in entities like GoodRX and Verifone, among others. This is not the first time that Native Instruments has been forced into a major restructuring. The company has experienced numerous layoffs and uncertainty before being bought by private equity.
Again, we have no idea how this will evolve. It is possible that new investors will come on board and things will return to normal. It’s also possible that everything will be scrapped for parts and sold to the highest bidder.
We know that the Plugin Alliance subsidiary does not appear to be affected. He published a statement on Facebook saying he is not involved in the proceedings and that operations will continue as normal. This means that new plugins will be released, as well as updates for current software.
Everything else is still up in the air. This is troubling for those who have invested heavily in the company’s product ecosystem. I’m part of it. Any hope I had for one I just went out the window.
If the company’s robust software lineup comes up for sale, Akai is probably the better choice. It has already started to integrate .
