diff --git a/poetry.lock b/poetry.lock
index d8af1bfcac..2278c0319c 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -1202,6 +1202,17 @@ files = [
     {file = "ruff-0.2.2.tar.gz", hash = "sha256:e62ed7f36b3068a30ba39193a14274cd706bc486fad521276458022f7bccb31d"},
 ]
 
+[[package]]
+name = "semver"
+version = "3.0.2"
+description = "Python helper for Semantic Versioning (https://semver.org)"
+optional = false
+python-versions = ">=3.7"
+files = [
+    {file = "semver-3.0.2-py3-none-any.whl", hash = "sha256:b1ea4686fe70b981f85359eda33199d60c53964284e0cfb4977d243e37cf4bf4"},
+    {file = "semver-3.0.2.tar.gz", hash = "sha256:6253adb39c70f6e51afed2fa7152bcd414c411286088fb4b9effb133885ab4cc"},
+]
+
 [[package]]
 name = "six"
 version = "1.16.0"
@@ -1415,4 +1426,4 @@ testing = ["big-O", "jaraco.functools", "jaraco.itertools", "more-itertools", "p
 [metadata]
 lock-version = "2.0"
 python-versions = ">=3.9.1,<3.10"
-content-hash = "2f97f01f8b9efebd3a8f0558fddbd4f91101094b34967fa7f9060b680e99ce12"
+content-hash = "9c68e7784fc7d3f0217cd5c7a726a042d046c600d7c8df196f60ee1c2e72cffa"
diff --git a/pyproject.toml b/pyproject.toml
index 72caec5116..b64ead2a3e 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -22,6 +22,7 @@ openassetio-traitgen = "*" # for generating traits from yaml definitions
 openassetio-mediacreation = "*" # for default media creation traits
 ayon-openassetio-manager-plugin = { git = "https://github.com/ynput/ayon-openassetio-manager-plugin.git", branch = "main" }
 deal = "^4.24.3"
+semver = "^3.0.2"
 
 
 [tool.poetry.dev-dependencies]