ZeroChaos Acquires Loki Management Systems

ORLANDO, Fla.–(BUSINESS WIRE)–ZeroChaos, a global provider of workforce management solutions, today
announced that it has acquired Loki Management Systems, a leading
developer of workforce management software for global enterprises with
complex staff scheduling and payroll requirements. Terms of the
transaction were not disclosed.

Headquartered in Richmond, British Columbia, Loki provides software
under the Advanced Payroll for Microsoft Dynamics 365 and StaffRight
brands. Advanced Payroll is a flexible payroll system designed to meet
the complex requirements of multinational organizations and is fully
integrated with Microsoft Dynamics 365. StaffRight is a comprehensive
time, attendance and staff scheduling solution. Loki has more than 200
active clients in 17 countries, covering over 210,000 employees across a
range of industries, including healthcare, public sector, hospitality,
construction, manufacturing, and retail.

Loki will continue to be led by its current CEO, Richard Swann, who will
join the leadership team at ZeroChaos.

Michael Werblun, ZeroChaos CEO, said, “Loki is a strong software
platform, providing functionality that fits well with our existing ZCWeb
technology. This acquisition will allow us to better serve our customers
by enabling us to offer more advanced scheduling capabilities –
particularly relevant for industries with complex requirements. We also
look forward to driving continued organic growth in the Loki business by
providing it with greater financial resources.”

Loki’s CEO Richard Swann added, “We are very excited to be joining
ZeroChaos. The scale and resources that ZeroChaos provides will allow us
to accelerate growth, as well as be a stronger partner to our existing
customers.”

ZeroChaos was acquired by global alternative asset manager The Carlyle
Group (NASDAQ: CG) on August 11, 2017.

About ZeroChaos

ZeroChaos is a global provider of workforce management solutions that
help organizations achieve greater management and financial control of
their workforce and talent supply chains. ZeroChaos’ award-winning
solutions, including its vendor-neutral Managed Services Program, enable
procurement and human resources to improve visibility into contingent
labor spend and talent pools, effectively manage and optimize contingent
workforce program performance, and mitigate risks. Headquartered in
Orlando, ZeroChaos has global operations in the Americas, Europe, and
Asia. For more information visit www.zerochaos.com,
follow on Twitter @ZeroChaos, or connect with ZeroChaos on LinkedIn.

About Loki Management Systems

Loki Management Systems is a leading developer of workforce management
software under the Advanced Payroll for Microsoft Dynamics 365 and
StaffRight brands. Loki serves enterprise-level organizations with
complex staff scheduling and payroll requirements. All of Loki’s
solutions are configurable and adaptable to complex workforce
environments around the world for a variety of industries. Loki is
Microsoft Gold Certified ISV and ERP partner, and its products have been
awarded the highest standard of development certification offered by
Microsoft for their Microsoft Dynamics 365 ERP. Loki is headquartered in
Richmond, British Columbia with support offices in the US, UK and
Australia.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager
with $162 billion of assets under management across 114 funds and 173
fund of funds vehicles. Carlyle’s purpose is to invest wisely and create
value on behalf of its investors, many of whom are public pensions.
Carlyle invests across four segments – Corporate Private Equity, Real
Assets, Global Market Strategies and Investment Solutions – in Africa,
Asia, Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including
aerospace, defense & government services, consumer & retail, energy,
financial services, healthcare, industrial, real estate, technology &
business services, telecommunications & media and transportation. The
Carlyle Group employs approximately 1,600 people in 31 offices across
six continents.

Web: www.carlyle.com

Videos: http://www.carlyle.com/media-room/corporate-videos

Tweets: www.twitter.com/onecarlyle

Podcasts: www.carlyle.com/about-carlyle/market-commentary

Contacts

ZeroChaos
Patricia Braa, +1-602-763-6886
pbraa@zerochaos.com