Peter Mitev, CEO and co-founder of Chaos, and Christian Lang, CEO of Enscape, will share the title of co-CEO, with former Vectorworks CEO Sean Flaherty becoming chairman of the board of directors.Ĭhaos co-founder Vladimir Koylazov – for many, the public face of the company – will also “continue to drive R&D and innovation in a leadership position”.
The new company will be headquartered in Karlsruhe, Germany, Enscape’s existing headquarters but will retain both firms’ existing offices in Sofia, Prague, Tokyo, Seoul, Los Angeles and New York. The deal was announced by private equity firms TA Associates and LEA Partners, the latter Enscape’s majority shareholder.Ĭhaos – which was still wholly privately owned by its founders prior to the merger – and Enscape will retain a “significant minority stake” in the merged company. Merged company to retain Chaos’s name but Enscape’s headquarters That’s much less overlap than between V-Ray and Corona themselves, which Chaos has developed successfully in parallel, retaining the staff of both original development companies.Īccording to the news release announcing the merger of Chaos and Enscape, “all products from both company portfolios will continue to operate and be available under their respective names”. While Chaos does develop real-time renderers, in the form of V-Ray’s V-Ray GPU render engine and new application Chaos Vantage, the only host apps they have in common with Enscape are Revit and SketchUp.
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The two sets of products are also broadly complementary, with V-Ray and Corona being primarily final-quality offline renderers, and Enscape a real-time interactive renderer. In the case of Enscape, that market position was achieved in just three years of what Enscape describes as “extraordinary growth”, the company itself having only been founded in 2017.Īll products will remain available under their existing brand names If completed, the merger will unite those applications with another up-and-coming rival: Enscape’s self-titled real-time renderer for CAD and architectural design software.Īll placed in the top 10 in the most recent CGarchitect survey of the rendering applications most widely used in the architectural visualisation market, with V-Ray and Corona first and second, and Enscape sixth. In 2017, Chaos Group acquired Render Legion, developer of 3ds Max and Cinema 4D renderer Corona, then quickly becoming V-Ray’s chief rival in the arch viz market. Initially a 3ds Max renderer, it is now available for over 10 different host applications in the architectual and entertainment markets, including Cinema 4D, Maya, Revit, SketchUp and Unreal Engine. It quickly attracted a strong following within the emerging visualisation market, later also becoming one of the first renderers to make ray tracing a practical possibility for visual effects work. Of the three applications, V-Ray is the longest established, having been originally released by Chaos – then named Chaos Group – in 1997. If completed, the deal will unite the developers of three of the key renderers within the architectural visualisation market: V-Ray, Corona and Enscape. Uniting three of the six most widely used renderers in the architectural visualisation market
The merger, announced by private equity firms TA Associates and LEA Partners, will unite the developers of three of the key applications in the architectural visualisation market: V-Ray, Corona and Enscape.Īll of the individual products from both companies will remain available under their current names, while the merged company itself will retain the Chaos brand name. Financial terms of the deal, which is still subject to regulatory approval, and which is expected to close later this quarter, were not disclosed. Only IPv4 is supported, IPv6 is currently not supported Chaos Group Vray Adv 4.30.02 for 3ds max 2021ġst Gen Intel® Core™ or compatible processor with SSE4.2 support (圆4)
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