Additionally, the investment will facilitate accelerated product innovation and support Novidea’s inorganic growth strategy through strategic acquisitions. Du Roy highlighted the operational efficiencies delivered by Novidea’s software solution for brokers, which aligns with HarbourVest’s long-standing investment focus on the insurance brokerage sector. Novidea is at the forefront of addressing critical challenges faced by the industry, including enhancing data quality, improving digital customer experiences, and streamlining insurance workforce processes. The insurance sector is at a major inflection point, and we see significant growth potential as more organizations transition away from legacy technology in favor of innovative, modern solutions. In recent years, Novidea has expanded its global presence, including launches in Southeast Asia and enhancements to its senior leadership team.