Insolvent NI seeks buyer
Native Instruments has entered formal insolvency proceedings in Germany, the latest development in the financial crisis that digitalDrummer has been tracking since January. The Berlin-based company, maker of Kontakt, Maschine, Reaktor and Traktor, and parent to iZotope, Brainworx and Plugin Alliance, filed for preliminary insolvency on 27 January, triggering a court-supervised restructuring process. As digitalDrummer subsequently reported, the filing sent ripples through the drum and sample software community, with third-party Kontakt developers closely watching for any impact on the platform they depend on. CEO Nick Williams posted an update to the NI blog on 19 March confirming the transition to formal proceedings, while stressing that operations have not been disrupted. “Business continues as usual across Native Instruments, iZotope, Plugin Alliance, […]