According to reports and customer emails currently circulating online, DxO Labs has filed the initial proceedings to start the bankruptcy process in France, where the company is headquartered in Boulogne-Billancourt.

While it’s possible the company could be dissolved and liquidated, legal documents and emails to customers confirm the company has been placed under ‘judicial administration.’ This effectively means DxO Labs will have the opportunity to restructure and look for potential buyers before resorting to liquidation.

French newspaper Le Figaro Économie published the details of the announcement as seen below—translated from French to English via Google Translate:

In a follow-up email from DxO Labs received by a reader in the Canon Rumors forum, a spokesperson confirms the news, but seems optimistic DxO Labs customers won't see any impact from the proceedings:

Hello sir,

In fact, the company has recently been placed under a regime of judicial administration, the time to reorganize.

Although we cannot comment on this situation, we can nevertheless assure you that the company is absolutely not in liquidation and that we are confident that our customers will not be affected by this procedure.

Best regards,

This news comes just a few months after it was announced that DxOMark would part ways with DxO Labs, becoming a privately-owned company. It’s also been less than a year since DxO Labs announced it was buying the Nik Collection suite from Google, saying it had intended to continue development.

DxO Labs is the business that built the DxO ONE smartphone camera attachment and develops post-production programs DxO PhotoLab, ViewPoint and FilmPack. DxOMark Image Labs, on the other hand, is the side that handles the testing and measurement of cameras and lenses.

We have reached out to DxO Labs for comment and will update the article if and when we hear back.