Novidea announced the appointment of Matt Foster as executive chairman, marking a new phase in the company’s leadership.
Foster brings more than three decades of experience in global technology management, particularly within the insurance sector. This includes taking on leadership roles in strategic mergers and acquisitions, international operations, enterprise SaaS, and organizational transformation. His experience spans public corporations, private equity-backed ventures, and technology-focused service providers.
Prior to his appointment, Foster served as chief operating officer of Duck Creek Technologies, where he had a key role in scaling the organization and leading it through a successful initial public offering.
“Novidea is at an exciting stage in its growth journey, expanding globally and delivering the modern technology that brokers, agents, MGAs, MGUs, and carriers need to compete and thrive,” said Foster. “I’m honored to join as executive chairman and to support the team as we accelerate innovation, expand our global footprint, and deliver lasting value and success for our customers and partners worldwide.”
Foster currently holds board positions at Azentio and Athenium. Earlier in his career, he was partner and chief technology officer at Accenture Software, where he directed the acquisition and integration of Duck Creek. He earned a Bachelor of Science degree in Industrial Engineering from Purdue University.
Roi Agababa, chief executive officer of Novidea, welcomed the appointment, citing Foster’s leadership background and technical expertise as significant assets to the company’s ongoing expansion.
“Matt’s strategic vision, operational expertise, and industry insight make him an exceptional addition to Novidea’s leadership team,” said Agababa. “His experience driving growth and transformation at scale will be invaluable as Novidea continues its journey toward becoming a global leader in insurance technology.”
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