Jim Moran, who sold his company edocs to Siebel Systems in 2005 , has joined North Bridge Growth Equity as General Partner. North Bridge Growth Equity has two funds with more than $1.1 billion of capital having just closed its second fund in October with over $580 million in commitments.
In this role he will be responsible for sourcing and vetting deals. At edocs Moran was a Co-founder and Executive Vice President.
Before joining North Bridge, Moran was the CEO of Covergence, a developer of software-based session border controllers. In 2009 he orchestrated the acquisition of the company by Acme Packet, now part of Oracle generating a 6x return for North Bridge. Additionally, Moran was an early investor, board member & Chief Operating Officer of Virtusa (NASDAQ:VRTU). Earlier in his career, Jim played a key role in Checkfree Corporation’s early growth driving revenues from approximately $25 million to over $250 million and a successful IPO in 1996.