Music hardware and software manufacturer Native Instruments has entered into preliminary insolvency proceedings, according to a report by Create Digital Music . Native Instruments also owns the brands iZotope, Brainworx and Plugin Alliance. We don't have many specifics as to what this entails and what the future of the company will look like. Native Instruments employs hundreds of people and their fates also remain uncertain. This isn't the first time Native Instruments has been forced into major restructuring.