French imaging software company DxO Labs and former parent of photography review service DxOMark Image Labs is going into administration, with recent reports from Europe suggesting the firm already entered receivership last month. Several members of the Canon Rumors forum are saying DxO Labs remains confident it won't be liquidated going forward, citing correspondence with the company and adding that the latest development is just a course of action the firm has taken in order to reorganize itself, though the situation still appears to be indicative of money issues. DxOMark Image Labs was spun off from DxO Labs last September and is now a privately owned business that is "100-percent independent" and has a new Chief Executive Officer, a company spokesperson told AndroidHeadlines in an emailed statement.
DxOMark Image Labs also has a narrower scope of operations than its former parent, with the firm being dedicated to conducting its well-known (mobile) camera technology reviews and offering consulting services. Most recently, the company proclaimed Huawei's P20 and P20 Pro are equipped with the world's best smartphone cameras ever created, having rated them as being superior to Samsung's Galaxy S9 and Google's Pixel 2 lineups. As for DxO Labs, i.e. the entity that now went into administration, its future remains unclear, with the latest report on the matter only indicating that a competent court ruled on its receivership status on March 16.
Few managers would willingly decide to target administration as the most optimal means of reorganizing their businesses in the European Union, though the practice isn't unheard of. Still, since receivership is part of bankruptcy proceedings, DxO Labs appears to be standing on weak financial footing and is likely to see some of its assets sold off even if it's to survive administration. Its former unit that's now running one of the most popular imaging review services on the planet apparently won't be affected by the ordeal in any manner, save for having its name associated with the struggling French firm.