Market leading architectural visualization rendering companies join forces; joint development already in process.
LOS ANGELES -- Computer graphics technology developer Chaos Group a world leader in computer graphics technology, announced the acquisition of Prague-based Render Legion, creator of the fast-growing Corona Renderer. With this acquisition, combined with its leading renderer V-Ray, Chaos Group now strengthens its position as the top provider of professional rendering software for the architectural visualization market.
Known for its ease of use, the Corona Renderer has become a popular choice for architectural visualization, building a loyal user base in just a few years. The Render Legion team, including its founders and developers, will join Chaos Group as they continue to develop Corona using additional support and resources provided through the deal.
“Our mission has always been to help all artists and designers visualize anything they can imagine,” said Peter Mitev, CEO of Chaos Group. “This is something we have in common with the Render Legion team. Now that we can share ideas and resources, we’ll be able to address the needs of this growing market and develop the future of rendering faster than we ever could before.”
Chaos Group’s Academy Award-winning renderer V-Ray will continue to be a core component of the company’s portfolio. Both V-Ray and Corona will benefit from joint collaborations, bringing complementary features and optimizations to each product.
“We were looking for a strategic partner who could help us grow and shared the same vision. Chaos Group was able to offer us important knowledge, resources and expertise that will help us achieve our goals,” said Ondřej Karlik, Co-founder of Render Legion. “We believe that Corona and our other projects will be further developed with the greatest care and intention.”
The Render Legion acquisition is Chaos Group’s largest investment to date. It is the third investment in a visualization company in the last two years, including interactive presentation platform, CL3VER and virtual reality pioneer, Nurulize. Expected to reach $112 billion in 2019, the computer graphics industry, fueled by a rise in the demand for 3D visuals, has presented a prime opportunity for companies who make the creation of photorealistic imagery more accessible. As the world’s leading rendering and visualization company, Chaos Group is now perfectly positioned to address the wider market demand in the coming years.
Source: Chaos Group