eCommerce - Tuesday, December 19, 2006
eCredit Bought By Fidelity
Fidelity Ventures has acquired Dedham, MA-based eCredit. No financial terms were disclosed. The start-up sells online solutions for commercial credit and collections professionals. Fidelity also $11M in growth capital. eCredit's VCs were North Hill Ventures, Apex Venture Partners, Internet Capital Group and Sterling Venture Partners.
Fidelity installed Jim Swift as CEO. Swift, a former executive with Seisint, a Florida company that was recently acquired by LexusNexus Group for $775M.
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