North Bridge Growth Equity has hired former venture partner and portfolio company CEO Jim Moran as a general partner.
Moran has more than 20 years of experience operating and building technology companies to scale, most recently software business Unified Communications.
North Bridge made a six times return when Moran orchestrated the acquisition of the business by Acme Packet in 2009.
Moran previously co-founded e-docs Inc and was an early investor, board member and COO of Virtusa.
North Bridge Growth Equity currently has two funds with more than $1.1bn of committed capital, having closed its second fund in October on $580m.
The team has made 14 investments out of its first fund, most recently investing in Dyn, an infrastructure as a service company that provides Internet DNS and email delivery services.
Managing director Doug Kingsley said, “As a former venture partner, Jim has been involved in sourcing and vetting deals for us from day one.
“Going forward, his network and experience as a founder and CEO of four venture-backed startups growing all of them to successful outcomes – two IPOs and two acquisitions — will prove invaluable to technology companies and entrepreneurs at various stages of their growth as they look to scale and expand into market leaders.”
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