North Bridge Adds General Partner

8/20/09

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.

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