Home 3D news Chaos and Enscape to Merge | TA Associates and LEA Partners

Chaos and Enscape to Merge | TA Associates and LEA Partners

by Hachin

The merger of Chaos and Enscape will create a global leader in 3D visualization and design workflow technology.

Chaos and Enscape merger

Background story

About the story, it is happened in KARLSRUHE, SOFIA & BOSTON, January 11, 2022. TA Associates is a global growth private equity firm. LEA Partners is a technology focused private equity firm. The two have announced today an agreement to merge Enscape and Chaos. Enscape is a leading developer of real-time rendering and design workflow technology for the Architecture, Engineering and Construction (AEC) industries. On the other hand, Chaos is a world leader in photorealistic rendering technology. The merger will establish a global leader in the 3D visualization and design workflow software sectors. Furthermore, it will also focuses on the AEC, Visual Effects (VFX) and Product Design verticals.

About Enscape and Chaos

Founded in 2017, Enscape offers solutions that connect directly into modeling software for the AEC industry. The firm also integrates design and visualization workflows seamlessly into one. This allows the company to support its customers through the entire design process. Enscape has unprecedented ease-of-use, enabling faster concept iteration, real-time collaboration and feedback. With its innovative solutions, Enscape has quickly grown since entering the market. As a result, it is establishing its position as a leading provider to the AEC industry.

Chaos, founded in 1997, is a world leader in visualization and computer graphics. The company offers 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. V-ray supports everything from architecture, product designs and world-class advertising campaigns to visual effects in film and television. Chaos also provides a broad suite of connected tools. For example, Phoenix, Cosmos, Vantage, Scans and Cloud, as well as the Corona Renderer.

About the merger of Chaos and Enscape

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 operations, will also continue to drive R&D and innovation in a leadership position. The joint workforce will total more than 500 employees across the globe, with corporate headquarters in Karlsruhe, Germany and additional offices in Sofia (Bulgaria), Prague (Czech Republic), Tokyo (Japan), Seoul (Korea), Los Angeles (USA) and New York (USA).

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. As part of the transaction, Sean Flaherty will also become Chairman of the Board of Directors of Chaos. Flaherty, former CEO of Vectorworks and Chief Strategy Officer of Nemetschek Group, currently serves as Chairman of the Board at Enscape.

The transaction is subject to customary regulatory approvals will be completed during the first quarter of 2022. Financial terms of the transaction were not disclosed.

Credit: CG Society

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