Carlyle-backed ZeroChaos buys Loki Management System

ZeroChaos, a Carlyle Group portfolio company, has acquired Loki Management Systems. Financial terms weren’t announced. Loki, of Richmond, British Columbia, provides workforce management software.


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, 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.