Weld North hires new managing director

Investment firm Weld North said Wednesday that it has named Adam J. Klaber as managing director. Previously, he worked as a managing partner for IBM Global Business Services.

PRESS RELEASE

NEW YORK – October 30, 2013 – Weld North LLC announced today that Adam J. Klaber is joining the firm as Managing Director. With nearly thirty years of experience in the technology space, Klaber will bring a heightened focus on how technology is transforming the industries in which Weld North invests. Klaber has held a range of senior management positions throughout his career and joins Weld North from IBM, where he was most recently a Managing Partner for IBM Global Business Services, a $18 billion revenue business within IBM.
“The education and health and wellness industries are being transformed with Big Data, Cloud and Mobile technologies disrupting the way companies in these spaces have traditionally operated. Effectively using and leveraging technology both to reach customers and to manage infrastructure is a key strategy across the businesses in the Weld North portfolio” said Jonathan Grayer, Chairman and CEO, Weld North. “I’ve known Adam for more than 20 years and we’re delighted to add someone with his experience and savvy to our leadership team to facilitate the growth of our existing portfolio of companies through technology and to aid in identifying and evaluating potential future investments.”
Klaber’s focus will be working with Weld North’s portfolio companies to enhance their use of Social, Mobile, Analytical and Cloud technologies to refine and evolve business and technology strategy, enhance operational performance and accelerate growth. Klaber will also be responsible for the assessment of future investment opportunities which can further advance the education and health and wellness sectors. In the current portfolio, Edgenuity is enhancing its online learning platform which today has driven outcomes for more than 1 million students in school districts across the country; Generation Ready’s consultants are leveraging Big Data in its proprietary ReadyPath technology platform as they work to personalize professional development for teachers to elevate student achievement; and Organic Avenue is advancing its customer experience with the adoption of new Mobile, Social and Supply Chain optimization technologies.
“I’m looking forward to joining Jonathan and the team at Weld North in evaluating and implementing new technology strategies across the portfolio and working at the ground level with companies operating in the dynamic education and health and wellness industries,” said Mr. Klaber. “I’ve spent my career helping companies successfully implement technology-enabled strategies and am pleased to bring my broad-based expertise in scaling businesses to this next phase of my career.”
While at IBM, Klaber oversaw key growth initiatives for the company and led the consulting organization globally as well as Global Business Services in Latin America and Southwest Europe. Klaber joined IBM in 2002 through the acquisition of PricewaterhouseCoopers Consulting. He held a number of senior positions at PricewaterhouseCoopers Consulting, establishing and leading the industry’s first and top-rated practice dedicated to Customer Relationship Management. He was named partner at Price Waterhouse in 1994.
Mr. Klaber holds a Bachelor of Arts in economics from the University of Hartford and a Master of Business Administration from Columbia University.
About Weld North
Weld North is an investment company concentrating on education, health and wellness, consumer services and marketing businesses. In partnership with KKR, a leading global investment firm, Weld North seeks to make control investments in businesses with high potential for long-term growth in cash flow. With strong and highly motivated management teams, the firm looks to accelerate growth through an obsessive focus on enhancing the customer experience, operational excellence, marketing expertise, and strategic and disciplined management.