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. 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.
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