Fidelity Ventures Acquired eCredit

Fidelity Ventures has acquired eCredit Inc., a Dedham, Mass.-based provider of online solutions for commercial credit and collections professionals. No financial terms were disclosed, except that Fidelity also provided $11 million in growth capital and installed venture partner Jim Swift as CEO. eCredit shareholders included North Hill Ventures, Apex Venture Partners, Internet Capital Group and Sterling Venture Partners.