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Chaos Group Acquires Render Legion and Corona Renderer

(August 29, 2017)

LOS ANGELES, Calif., Aug. 29, 2017 (GLOBE NEWSWIRE) -- Today, 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 Groups Academy Award-winning renderer, V-Ray will continue to be a core component of the companys 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 Ond?ej 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 Groups 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 worlds leading rendering and visualization company, Chaos Group is now perfectly positioned to address the wider market demand in the coming years.

About Chaos Group
Chaos Group is a worldwide leader in computer graphics technology, helping artists and designers create photorealistic imagery and animation for design, television and feature films. Chaos Group specializes in physically-based rendering and simulation software used daily by top design studios, architectural firms, advertising agencies and visual effects companies around the globe. Today, the company's research and development in cloud rendering, material scanning and virtual reality is shaping the future of creative storytelling and digital design. Founded in 1997, Chaos Group is privately owned with offices in Sofia, Los Angeles, Baltimore, Seoul and Tokyo. For more information, visit:chaosgroup.com.

About Render Legion
Render Legion is a dynamically growing, innovative company specialising in development of powerful, intuitive and easy-to-use graphics software. Founded in 2014 in Prague, Render Legion makes the Corona Renderer, an architectural and design visualization tool used by top studios around the world. For more information, visit: corona-renderer.com

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/39535a00-a9cf-47c7-9b22-fc4aef82035c

CONTACT: Colin McLaughlinChaos Group5037969822colin@liaisonpr.com

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