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Chaos and Enscape to Merge, Backed by TA Associates and LEA Partners.

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MANews-(C)2009-2022

US-based growth private equity firm TA Associates and German private equity firm LEA Partners have inked an agreement to merge Enscape, a German developer of real-time rendering and design workflow technology for the architecture, engineering and construction industries, and Chaos, Bulgarian a specialist in photorealistic rendering technology, the firms said.

The merger will establish a leader in the 3D visualization and design workflow software sectors, with a focus on the AEC, Visual Effects and Product Design verticals.

Founded in 2017, Enscape offers solutions that connect directly into modeling software for the AEC industry, integrating design and visualization workflows seamlessly into one.

This allows the company to support its customers through the entire design process with unprecedented ease-of-use, enabling faster concept iteration, real-time collaboration and feedback.

Chaos, founded in 1997, is in visualization and computer graphics, offering an ecosystem of 3D rendering, real-time visualization and simulation software.

Chaos' flagship rendering solution, V-Ray, is the go-to visualization tool across multiple industries, supporting everything from architecture, product designs and world-class advertising campaigns to visual effects in film and television.

In addition to V-Ray, Chaos provides a broad suite of connected tools, including Phoenix, Cosmos, Vantage, Scans and Cloud, as well as the Corona Renderer.

The newly-combined company, which will retain the Chaos name, aims to develop and strengthen its product portfolio to create a comprehensive end-to-end visualization ecosystem, designed to meet the evolving needs of its customers.

All products from both company portfolios will continue to operate and be available under their respective name, including leading products, Enscape, V-Ray and Corona.

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. Vladimir Koylazov, co-founder of Chaos and current head of software...

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