The latest news from DxO, the French software maker, is that the company is merely reorganizing under Chapter 11 protection and will not abandon its customers. So what does that mean?
Well, there's probably no way of knowing. "Bankruptcy" seems to mean a variety of things for different companies in different circumstances. I've been trying to follow the bankruptcy proceedings of our local supermarket chain (it's the only store in our town, and would drastically affect quality of life here if it closed), and the more I read about it the less I can tell you about whether our store is safe or endangered.
However, DxO made the following announcement today:
We are very confident that this procedure, which should not last for more than a few more weeks, will not affect our customers in any way. In fact, we are pleased to announce the following upcoming product releases:
• In June, we will release a free update (version 1.2) of our flagship software, DxO PhotoLab. Recently awarded the TIPA 2018 Award for Best Image Processing Software, this 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. 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.
• In June, we will release the new version of the Nik Software Collection, which DxO acquired from Google at the end of 2017. 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.
Encouraging as these statements are, it's worth noting that news about corporate restructuring from the corporations themselves could be strategic and might not necessarily be reliable. But at the moment, at least, things certainly look less than dire.
Also worth noting is that according to Wikipedia, DxOMark is a separate company.
If anyone knows more about this, feel free to jump in. Also, if there are any users of DxO PhotoLab out there, let us know what you think of it.
Mike
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(To see all the comments, click on the "Comments" link below.)
Featured Comments from:
adamct: "For what it's worth, in a Chapter 7 bankruptcy, the assets of the debtor are sold to satisfy the debts. That would effectively mean the end of DxO as an independent entity. In a Chapter 11 bankruptcy, the debtor strikes a deal with its creditors to try and restructure the debt. This is why the debtor in a Chapter 11 bankruptcy is often referred to as the 'debtor in possession'—the debtor gets to hold onto their business and assets while they try to repay the restructured debt.
"But as Mike says, this can mean wildly different things in practice. Sometimes debtors are able to reorganize, pay off the negotiated debt amount, and move on with a successful and stable business. Other times, the reorganization is a failure and the debtor ultimately winds up in Chapter 7. The third option is that the debtor just manages to hold on, repeatedly restructuring its debt, never getting rid of it, not fully failing, but really not all that successful, either.
"Fingers crossed that this is just the first step toward making DxO more stable and setting the framework for future growth and success."
Ilkka: "I am not a lawyer and I am not French, but I believe there is no 'Chapter 11' in France. But when an American newspaper or other news organization reports about it, they may well use the common US term. It just means tbat the company is reorganising under some sort of protection from banks and other creditors."
ScotInDortmund: "French law has a similar provision to Chapter 11, protecting the company while negotiations with creditors proceed. —Ron Preedy."
[See Ben Marks' comment in the Comments Section for more background about bankruptcy and reorganization. —Ed.]
Bahi: "I use both Lightroom and Capture One heavily (and provide support and training for users of both). Despite that, I still have a soft spot for DxO's PhotoLab and its predecessor, DxO Optics Pro) and continue to happily pay for PhotoLab. (Sadly, only one person has ever asked me for training on DxO products in about a decade.)
"DxO's converters have an interesting and overlooked feature that makes me hope for the survival of DxO—and it's not the much lauded Prime noise reduction, which can be useful but gives results that look impressive in some ways but often seem a little unnatural to me.
"The feature I like is the method used by DxO to correct heavy barrel distortion in mirrorless lenses. I use it for the 17mm Olympus ƒ/1.8 but it applies to many mirrorless zooms and wide-angle primes.
"Even quite expensive lenses rely on software corrections, perhaps to help keep lenses smaller and lighter. For Micro 4/3 cameras, these lenses carry their lens-correction profiles internally. The camera embeds the profiles in the raw files. The distortion is usually corrected automatically by the camera for JPEGs.
"Lightroom (and Adobe Camera Raw [ACR], of course), Capture One (C1), and the in-camera corrections will all give you automatically corrected images when they read the raw files. However, the results will have substantially narrower fields of view than the results from DxO PhotoLab. That can be a big deal.
"The DxO correction algorithm presumably uses some kind of image stretching to achieve its corrections—I don't know. It's perfectly good, with no visible artifacts to my eye; straight lines do indeed come out straight and the results are sharp and detailed. The great thing it is that the odd hand or foot at the edge of the frame will be included in DxO's output but cropped out by Lightroom and C1. This has saved otherwise good pictures that were taken at events or on the street, where you have little control of your position.
"Photolab's interface feels a little clunky and slow but it's also clear that the output quality can be very impressive and that the software has been built by people who care about image quality. For me, though, the killer feature is its clever lens correction.
"I was pleased to read the article, Mike–I'm hoping for DxO's survival and am also hoping that diehard fans of Nik Silver Efex 2 (I'm not among them) will pay the upgrade cost to keep the company in business."
huw Morgan: "I think it's a little ironic that a bankrupt company is touting its software licensing model while Adobe records record profits after adopting a subscriber model. I'll put up with the minor annoyances of a subscription model if it's the price that has to be paid to keep my vendor solvent."
Richard Barbour: "DxO PhotoLab is my primary raw converter these days since jumping off the Adobe subscription bandwagon. It's good for what it does but of course isn't Photoshop, so I find myself often invoking the 'export to application (Photoshop CS6)' function to finish processing a photo. PhotoLab is hard to beat if you want to keep up with the latest camera updates, want a very good default rendering of your raw files (with numerous presets to give one-click satisfaction) and excellent global editing capability. The imported Nik functionality is also useful for local edits, although not quite as well implemented and integrated as one would like. I'm hoping they will fix that in the upcoming release. I also hope DxO is able to solve the current crisis and continue to be a good processing alternative."