Native Instruments has announced a major share reorganization that makes the company entirely self-owned.
The reorganization was facilitated by CEO and founding shareholder Daniel Haver, and comprises both a general shareholder consolidation and the reacquisition of about 30% of the company’s shares from a venture capital investor. The consolidation effects complete ownership of the company by its original founders and its executive management team, and makes it independent from external investors.
What’s all that mumbo-jumbo mean for musicians that rely on NI’s apps?
“While this reorganization may sound like an abstract behind-the-scenes process, the implications for our users and our industry are actually quite profound,” according to Haver.
“As a completely self-owned enterprise, we will now be able to pursue our vision for the most forward-thinking music production and DJ technology in an even more energetic and uncompromising fashion.”
Native was already pretty energetic, reporting revenue growth of 60% in 2009 and 70% in 2010.
If any readers have insight on this deal and its implications for the company and its products, leave a comment with your thoughts!