KARLSRUHE, SOFIA & BOSTON, January 11, 2022 – TA Associates, a worldwide progress non-public fairness agency, and LEA Companions, a know-how centered non-public fairness agency, introduced at the moment an settlement to merge Enscape, a number one developer of real-time rendering and design workflow know-how for the Structure, Engineering and Development (AEC) industries, and Chaos, a world chief in photorealistic rendering know-how. The merger will set up a worldwide chief within the 3D visualization and design workflow software program sectors, with a deal with the AEC, Visible Results (VFX) and Product Design verticals.
Based in 2017, Enscape provides options that join instantly into modeling software program for the AEC trade, integrating design and visualization workflows seamlessly into one. This permits the corporate to assist its clients via your complete design course of with unprecedented ease-of-use, enabling sooner idea iteration, real-time collaboration and suggestions. With its modern options, Enscape has shortly grown since coming into the market, establishing its place as a number one supplier to the AEC trade.
Chaos, based in 1997, is extensively referred to as a world chief in visualization and laptop graphics, providing an ecosystem of 3D rendering, real-time visualization and simulation software program. Chaos’ flagship rendering answer, V-Ray, is the go-to visualization instrument throughout a number of industries, supporting every thing from structure, product designs and world-class promoting campaigns to visible results in movie and tv. Along with V-Ray, Chaos supplies a broad suite of linked instruments, together with Phoenix, Cosmos, Vantage, Scans and Cloud, in addition to the Corona Renderer.
The newly-combined firm, which can retain the Chaos identify, goals to develop and strengthen its product portfolio to create a complete end-to-end visualization ecosystem, designed to satisfy the evolving wants of its clients. All merchandise from each firm portfolios will proceed to function and be obtainable underneath their respective identify, together with main merchandise, 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 brand new firm. Vladimir Koylazov, co-founder of Chaos and present head of software program operations, may even proceed to drive R&D and innovation in a management place. The joint workforce will complete greater than 500 staff throughout the globe, with company headquarters in Karlsruhe, Germany and extra workplaces in Sofia (Bulgaria), Prague (Czech Republic), Tokyo (Japan), Seoul (Korea), Los Angeles (USA) and New York (USA).
“Enscape has seen a interval of extraordinary progress, outpacing an already fast-growing market. We’re thrilled to hitch forces with Chaos as we search to additional our scale, recognizing that our firms are extremely complementary and share an end-to-end product imaginative and prescient. With the assist of LEA and TA, we’ll considerably enhance our funding in progress, know-how and other people,” mentioned Christian Lang. /p>
“Visualization is crucial to creating the longer term—each in the true world and the metaverse,” mentioned Peter Mitev. “We’re excited to group up with Enscape, TA, and LEA Companions to carry forth the world’s greatest 3D visualization ecosystem.”
“Since our preliminary funding, now we have labored intently with the Enscape administration group to develop the corporate into a number one supplier for the AEC trade, and that is solely the start,” mentioned Christian Roth, Managing Associate at LEA Companions. “We discover that bringing collectively Enscape and Chaos provides a singular alternative to construct a tech powerhouse to prepared the ground in AEC and past.”
“We’ve been impressed by the expansion, high-quality product choices and constant buyer base of each Chaos and Enscape. Collectively, we imagine the corporate can construct on its sturdy momentum to create a worldwide chief within the 3D visualization and design workflow house. In partnership with LEA, we’re excited to put money into the corporate’s future by deepening product capabilities and rising the breadth of choices and geography,” mentioned Stefan Dandl, Principal at TA.
The transaction is topic to customary regulatory approvals and is predicted to be accomplished throughout the first quarter of 2022. Monetary phrases of the transaction weren’t disclosed.
Chaos is a world chief in laptop graphics know-how, empowering artists and designers to create photorealistic imagery and animation throughout all artistic industries. Chaos develops 3D rendering and simulation software program that’s used every day by prime design studios, architectural companies, promoting businesses, and visible results firms across the globe. The agency’s bodily based mostly renderer, V-Ray, has been honored with each an Academy Award and an Engineering Emmy for its function within the widespread adoption of ray-traced rendering in movement footage and tv. At present, the corporate’s developments in ray tracing, cloud rendering, and real-time visualization are shaping the way forward for design communication and storytelling. Based in 1997, Chaos operates with workplaces in Sofia, Prague, Seoul, Tokyo, and Los Angeles. For extra info go to www.chaos.com.
Enscape develops high-quality real-time rendering and digital actuality software program for the worldwide AEC trade. Enscape integrates design and visualization workflows into one and offers designers the facility to create practical renderings based mostly on their current planning knowledge and simply produce movies, panoramic photographs, and VR simulations. Enscape software program is utilized by famend structure companies in over 150 nations, with greater than 24,000 clients and 240,000 energetic month-to-month customers worldwide. The corporate operates from workplaces in Karlsruhe (Germany) and New York (USA). Study extra at www.enscape3d.com.
About TA Associates
TA is a number one world progress non-public fairness agency. Centered on focused sectors inside 5 industries – know-how, healthcare, monetary providers, shopper and enterprise providers – the agency invests in worthwhile, rising firms with alternatives for sustained progress, and has invested in additional than 550 firms world wide. Investing as both a majority or minority investor, TA employs a long-term method, using its strategic sources to assist administration groups construct lasting worth in top quality progress firms. TA has raised $47.5 billion in capital since its founding in 1968. The agency’s greater than 100 funding professionals are based mostly in Boston, Menlo Park, London, Mumbai and Hong Kong. Extra details about TA will be discovered at www.ta.com.
About LEA Companions
LEA Companions is an entrepreneurial-minded multi-stage non-public fairness agency investing in progress know-how firms which are driving transformative change of their industries. Working out of Karlsruhe, certainly one of Europe’s largest know-how clusters, its mission is to fund and assist formidable founders and executives by leveraging them with sensible, hands-on progress experience to attain market management. Study extra at www.leapartners.de.