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North Bridge Adds General Partner

Technology veteran Jim Moran has joined North Bridge Venture Partners, of Waltham, MA, as a general partner, the venture firm announced today. Moran was previously CEO of Covergence, a Maynard, MA, provider of telecommunications software, which was acquired by Burlington, MA-based software firm Acme Packet (NASDAQ:APKT) in May for a reported $22.8 million. North Bridge, which said it recently closed two funds of $500 million each, reported that Moran will focus on investments in such fields as Internet commerce, Web 2.0, enterprise software, communications, and healthcare.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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