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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