Vladimir Koylazov, co-founder of Chaos and current head of software operations, will continue his work in R&D and innovation.
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. All products from both company portfolios are to continue to be available under their respective names, including Enscape, V-Ray and Corona, according to the press release. 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. You can subscribe to our M&A newsletter here The deal, backed by two private equity firms, Boston-based TA Associates and Germany-headquartered LEA Partners, is set to establish a global leader in the 3D visualization and design workflow software sectors, with a focus on the Architecture, Engineering and Construction (AEC) industry, Visual Effects (VFX) and Product Design verticals, Chaos Group said in a press release on Tuesday. January 12 (SeeNews) - Bulgarian computer graphics developer Chaos Group said it has reached an agreement to merge with Germany-based real-time rendering and virtual reality software developer Enscape, with the transaction expected to be completed in the first quarter of 2022.
0 kommentar(er)
