BOSTON, MA – April 28, 2026 – New Heritage Capital (“Heritage”) is pleased to announce the successful exit of its investment in Stratus (the “Company”). Stratus was acquired by Infosys Limited (NYSE: INFY), a multinational technology services company with more than 325,000 employees worldwide. Infosys will leverage Stratus’ deep expertise in property and casualty (“P&C”) insurance technology solutions to accelerate AI-powered digital and data transformations for insurers using the Guidewire platform.
Stratus was founded in 2001 by Jamie Raymond and Steve Damen. In the mid-2010s, the Company began focusing primarily on modernizing and optimizing core insurance operations within the Guidewire software suite. In partnership with Heritage, Stratus expanded its capabilities across managed services, end-to-end implementations, and insurance-specific technology transformation. Today, with more than 450 employees across the U.S., Canada, and India, Stratus is well-positioned to continue delivering technology-enabled transformation for P&C insurers at scale.
Jamie Raymond, Founder and Chairman of Stratus, said, “the success of Stratus has been due to the tireless efforts of our dedicated team. Partnering with New Heritage Capital and their Private IPO® structure allowed us to highly incentivize that team while continuing to invest in the breadth and sophistication of the solutions we offer our insurance clients.”
“Alongside Heritage, the Company has built a platform that is primed to help property and casualty insurers modernize their core systems with deep domain expertise and disciplined execution,” said Chuck Fillizola, CEO of Stratus.
“It has been a pleasure working with the Stratus team, and we are incredibly proud of what they have accomplished during our partnership,” said Mark Jrolf, Managing Senior Partner at Heritage. “Heritage is solely focused on partnering with strong founder-owned businesses such as Stratus to help them unlock their full potential. We are excited to follow the Company’s continued success as part of Infosys.”
Advisors
Lumari Capital acted as financial advisor and Choate Hall & Stewart LLP acted as legal advisor to Stratus and Heritage.
The above quote is provided by Chuck Fillizola, CEO of Stratus. Mr. Fillizola is not an investor in any New Heritage Capital fund and was not paid for the quote included above. However, due to his position at Stratus, he may be inclined to have a favorable view of New Heritage Capital.