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The Carlyle Group announces ‘substantial’ investment in ZeroChaos

July 17, 2017

Global private equity firm The Carlyle Group agreed to make a “substantial” investment in ZeroChaos. The transaction, terms of which were not disclosed, is expected to close in this quarter, subject to regulatory approvals.

ZeroChaos provides VMS and MSP services as well as independent contractor compliance and risk management, RPO, statement-of-work solutions and other services. Private equity firm Snow Phipps, which acquired the company in 2011, will exit its stake as part of the transaction.

ZeroChaos’ current leadership team will remain, including CEO Michael Werblun and COO Matthew Levine. Gordon Coburn, the former president of Cognizant, will join the board of ZeroChaos as executive chairman.

ZeroChaos promoted Werblun and Levine their current roles last year.

“We are excited to partner with Carlyle,” Werblun said. “We believe ZeroChaos will benefit from Carlyle’s global network and deep industry knowledge and that our customers will gain from Carlyle’s desire to invest in innovation to drive long-term growth. Carlyle has a track record of investing in market-leading software and services businesses and we look forward to a great partnership with them.”

Headquartered in Orlando, Fla., ZeroChaos has global operations in the Americas, Europe and Asia. The company manages more than $3 billion of outside spending in more than 40 countries for customers from a range of industries, including software and IT services, telecom, automotive and healthcare.

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