Both firms were already leaders in their respective segments and, moving forward, should put the combined company in an even stronger position in the broader arch viz sector.įollowing its launch in 2016, Enscape quickly become a firm favourite with architects and other AEC professionals, thanks to its optimised workflow that can turn BIM models into realistic renderings and VR experiences at the push of a button. This is an interesting move that certainly caught us by surprise. TA will join LEA, Enscape’s current majority shareholder, in the newly-combined company alongside the management of Chaos and Enscape, who will retain a significant minority stake. The merger is backed by investment from global growth private equity firms TA Associates and LEA Partners. Financial terms of the transaction were not disclosed.
The transaction is subject to customary regulatory approvals and is expected to be completed during the first quarter of 2022. Vladimir Koylazov, co-founder of Chaos and current head of software operations, will also continue to drive R&D and innovation in a leadership position. Peter Mitev, CEO and co-founder of Chaos, and Christian Lang, CEO of Enscape, will share the title of co-CEO for the new company. With the merger of Enscape and Chaos, the combined company now has an expansive toolset for arch viz that should appeal to all kinds of users in the AEC sector, from visualisation novice to the most advanced digital artist. The combined company will retain the Chaos brand and has stated an intention to develop the ‘world’s greatest’ end-to-end ecosystem for visualisation and collaboration.Īll products from both company portfolios will continue to operate and be available under their respective brands, including Enscape, V-Ray, Corona and Vantage. Combined company in strong position to address broad set of workflows within arch vizĬhaos, a specialist in photorealistic rendering, and Enscape, a developer of AEC-focused real-time rendering software, are to merge.
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