Native Instruments says “business continues as usual” after insolvency proceedings
CEO Nick Williams insists that he’s seeking a “sustainable” future for the music tech company
Native Instruments CEO Nick Williams has made a statement following news that the music tech company entered preliminary insolvency proceedings last week.
In his first public comment since the news landed, Williams insisted in a blog post that it’s “business as usual” for the company, with both hardware and software products remaining “on sale and available for download and activation”.
On January 27, Create Digital Music (CDM) reported seeing insolvency documents that revealed the Berlin-based company would go under a restructuring process, and that its “various assets” will be “sold off in some form”.
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Williams added in his statement that Native Instruments – along with the three music tech companies with which it merged in 2023 under the name Soundwide: iZotope, Plugin Alliance, and Brainworx – are continuing to run “as normal”.
“In product and engineering, we are continuing to develop and launch new products and features,” he said. “We are working diligently and responsibly to secure a healthy, financially sustainable future for Native Instruments.”
The statement continues: “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.
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“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.”
Since 2021, US private equity firm Francisco Partners has had a majority stake in Native Instruments. Shortly after the 2023 merger between the four tech companies, Soundwide laid off 8% of its staff.
Read the full statement from Nick Williams here.
Gemma Ross is Mixmag's Associate Digital Editor, follow her on X
