Weld North Holdings, an education investment company, is expanding in the data and educational analytics technology market with its acquisition of Performance Matters. Weld North, backed by global investment firm Kohlberg Kravis Roberts & Co. (NYSE: KKR), will merge the company with Truenorthlogic, which it purchased in April 2014.

With this acquisition, and combination of Winter Park, Florida-based Performance Matters and Sandy, Utah-based educator professional growth solutions company Truenorthlogic, Weld North says it is creating the first company with educator evaluation and professional development data; student achievement data; and powerful analytics capability to better understand the drivers of student outcomes. The financial terms of the agreement have not been disclosed.

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