SAN FRANCISCO, April 2, 2025 /PRNewswire/ — Angle Health, the AI-native, member- and patient-centric integrated healthcare company democratizing access to modern healthcare services, today announced the appointment of Rhett Thurman as Chief Financial Officer (CFO). This strategic hire comes as Angle Health continues its rapid expansion, reinforcing its commitment to redefining healthcare benefits and access with transparency, simplicity, and technology-driven innovation.

Thurman brings decades of leadership experience in financial strategy, healthcare services, capital markets, and mergers and acquisitions. Throughout his career, he has successfully guided organizations through complex transactions, including financing, scaling, capitalization, restructuring, and strategic acquisitions/divesture. As CFO, he will oversee Angle Health’s financial strategy, capital allocation, and operational finance functions across its insurance, reinsurance, healthcare, and financial services businesses, ensuring the company continues its trajectory of growth and innovation in the employer-sponsored health plan market.

“As we continue to scale and expand our market presence, Rhett’s deep expertise across financial disciplines, healthcare organizations, and capital strategy will be invaluable in this next stage of growth,” said Ty Wang, CEO and co-founder of Angle Health. “His track record in driving financial performance and managing lean, fast-paced, high-growth organizations aligns perfectly with our growth trajectory, team-building philosophy, and ultimately our mission to rebuild the healthcare system from first principles.”

Thurman’s extensive healthcare experience includes executive leadership, operations, and governance roles. He served as CFO/CAO, and as a member of the Board’s Executive Committee, for Cain Brothers (acquired by KeyBanc), a top NY-based healthcare investment bank offering M&A and capital advisory services. While at Cain, he was a co-founder of Health Enterprise Partners, a private equity fund, and the CB Executive Co-Investment Fund, a healthcare services co-investment fund. Prior to joining Cain, Thurman served as CFO of MacNeal Health Network, a suburban Chicago-based integrated delivery system (acquired by Vanguard Health Systems, now Tenet), where he was responsible for financial operations system-wide. Most recently, he played a key role in the restructuring, recapitalization, and eventual strategic sale of Prager & Company, an investment banking boutique serving the higher education industry.

“Rhett’s background in healthcare services, investment banking, private equity, and operational finance make him ideally suited to drive Angle Health’s capital strategy and financial initiatives,” said Ricky Lai, General Partner at Portage, “He complements the all-star executive team we already have in place at Angle Health to build a truly generational company.”

“I’m thrilled to join Angle Health at such a pivotal time in its journey,” said Rhett Thurman. “The company’s AI-driven approach and commitment to reimagining the healthcare journey resonate deeply with me. I look forward to working with the team to build on the company’s momentum and continue delivering innovative solutions that make healthcare more accessible and affordable.”

About Angle Health:

Angle Health democratizes access to modern healthcare services by unifying today’s fragmented healthcare benefits ecosystem into one core coverage and delivery platform. As a full-stack healthcare benefits provider, Angle Health drives efficiencies across the value chain through its AI-native platform— from instant underwriting for brokers and streamlined administration for employers, to personalized access to care for members. With a national network of healthcare providers and facilities, Angle Health is the health plan for modern employers, now servicing thousands of employers and tens of thousands of members across the country.

To learn more, visit www.anglehealth.com.

About Portage:

Portage is a global investment platform focused on FinTech and Financial Services with over US $2.5 Billion assets under management.

Our team partners with ambitious companies across all stages, through Portage Ventures and Portage Capital Solutions. We provide flexible capital and deliver a global network of investors, commercial partners, advisors, and value creation experts. With deep industry knowledge and entrepreneurial experience, Portage is committed to supporting the leaders who are reshaping financial services. Portage operates in the United States, Canada and Europe. Portage is a platform within Sagard, a global multi-strategy alternative asset management firm with over $25B under management. For more information, visit www.portageinvest.com.

Contact:

pr@anglehealth.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-native-national-health-plan-angle-health-appoints-rhett-thurman-as-chief-financial-officer-302418908.html

SOURCE Angle Health

The Lexar® PLAY PRO microSDXC™ Express Card delivers 4x the performance to significantly level-up handheld gaming

Key Features

PCIe technology delivers read speeds up to 900MB/s* so the game loads 4x fasterWrite speed up to 600MB/s* delivers accelerated download speeds**1TB microSD Express card offers more space for gamesBackwards-compatible with UHS-I and UHS-II host devices (at UHS-I speeds)Includes a limited lifetime warranty** and lifetime access to the Lexar Recovery Tool

SAN JOSE, Calif., April 2, 2025 /PRNewswire/ — Lexar, a leading global brand of flash memory solutions, is excited to ship of the world’s first 1TB microSD Express card. Built on the new SD card standard that combines PCI Express 3.0 and NVMe 1.3 interfaces, the PLAY PRO microSDXC™ Express Card delivers substantially improved performance, perfect for handheld gaming devices.

With up to 900MB/s read and 600MB/s write1, the PLAY PRO microSDXC™ Express Card offers the fastest speeds in the microSD Express card format and gives gamers an epic performance power-up that delivers faster game loads and accelerated downloads. With capacity up to 1TB,*** it also offers space for many large AAA games. It is backwards-compatible with UHS-I and UHS-II host devices (at UHS-I speeds), but future-proofed for tomorrow’s cutting-edge handheld gaming systems and other upcoming devices that will leverage this next-gen technology.

The PLAY PRO microSDXC™ Express Card also comes with a limited lifetime warranty** and lifetime access to the Lexar Recovery Tool,**** which customers can use to restore accidentally deleted or formatted files.

“The new microSD Express standard offers us a way to deliver a memory card with incomparable performance in that form factor,” said Joey Lopez, Director of Brand Marketing. “We’re excited to create a card for our customers that leverages the benefits of this new standard and prepares gamers for the next generation of handheld gaming.”

The Lexar® PLAY PRO microSDXC™ Express Card is available in 1TB for an MSRP of $199.99, 512GB for an MSRP of $99.99, and 256GB for an MSRP of $49.99.

Availability
Amazon

Media Elements
Product Page

About Lexar
For more than 25 years, Lexar has been trusted as a leading global brand of memory solutions. Our award-winning lineup includes memory cards, USB Flash Drives, card readers, solid-state drives, and DRAM. With so many options, it’s easy to find the right Lexar solution to fit your needs.

Disclosures
*Speeds based on internal testing. Actual performance may vary. Maximum speeds reached only when used with a microSD Express host device.
**Maximum write speeds reached only paired with the Lexar microSD Express card reader.
***1GB=1,000,000,000 bytes. 1TB=1,000,000,000,000 bytes. Actual user storage less.
****Download required. See https://americas.lexar.com/support/download/ for details.

Social Media
Instagram: instagram.com/lexarmemory
X (Twitter): twitter.com/lexarmemory
Facebook: facebook.com/lexarmemory
YouTube: youtube.com/c/LexarMemoryOfficial
LinkedIn: linkedin.com/company/lexarmemory
Threads: threads.net/@lexarmemory

Lexar. 1737 N First Street, Suite 680, San Jose, CA USA

Media Contact
Noel Lo
noello@radiancesynergy.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/lexar-ships-the-worlds-first-1tb-microsd-express-card-for-use-with-nintendo-switch-2-302418912.html

SOURCE Lexar International

Siemens AG will acquire Dotmatics from global software investor Insight Partners for $5.1 billionAcquisition accelerates Dotmatics’ mission to connect scientific discovery to delivery, expanding global scale and reachUnlocks new opportunities to combine Dotmatics’ R&D software with Siemens’ AI-powered Digital Twin technologiesRepresents a strong validation of Dotmatics’ growth, innovation, and leadership in scientific software

BOSTON, April 2, 2025 /PRNewswire/ — Dotmatics®, a leading provider of scientific software that provides end-to-end solutions to connect science, data, and decision making for life sciences R&D, today announced it has signed a definitive agreement to be acquired by Siemens AG for $5.1 billion.

“Following an exciting journey with Insight Partners, where Dotmatics achieved remarkable growth and portfolio expansion, we are thrilled to announce our new chapter with Siemens,” said Thomas Swalla, CEO of Dotmatics. “Combining our next-generation scientific intelligence platform and industry-leading scientific applications together with Siemens’ Digital Twin and AI capabilities, we’ll drive a new wave of innovation in life sciences R&D. Together, we’ll accelerate innovation cycles for our customers and help scientists make breakthrough discoveries faster than ever before shaping the future of scientific innovation.”

“By acquiring Dotmatics, we’re strategically strengthening our position in life sciences and creating a world-leading AI-powered PLM software portfolio as part of Siemens Xcelerator. Artificial Intelligence has emerged as a transformative force across various industries, and its application in life sciences is becoming increasingly important”, said Roland Busch, President and CEO of Siemens AG. “The Dotmatics acquisition is part of our ONE Tech Company growth program, enhancing our leading position in industrial software and helping our customers to innovate even faster.”

The acquisition will strengthen Siemens’ and Dotmatics’ ability to empower scientists through advanced software solutions that facilitate next-generation collaboration, contextualizes complex data, and accelerates research using AI. As part of Siemens, Dotmatics will benefit from expanded global resources, robust infrastructure, and a broader customer network, significantly advancing its mission to revolutionize scientific discovery for a healthier, cleaner, and safer world.

Life sciences stands as one of the most rapidly evolving and innovation-rich sectors globally. The combination of Siemens’ extensive manufacturing expertise, industrial simulation capabilities, and AI strengths, with Dotmatics’ complementary scientific applications, will establish a first-of-its-kind end-to-end digital thread to seamlessly connect research data through to production in the life sciences industry.

“When we first invested in what is now Dotmatics in 2017, we recognized the enormous potential of the platform being developed and the impact the company’s technology would have on life sciences R&D,” said Jared Rosen, Managing Director at Insight Partners. “It has been a privilege to collaborate closely with Thomas and the Dotmatics leadership team, actively supporting 14 strategic acquisitions and providing resources through our Onsite platform to fuel their impressive growth. The transition of Dotmatics from Insight Partners to Siemens represents a logical next step, empowering Dotmatics to further advance its mission of accelerating innovation within life sciences. This acquisition opens new avenues to seamlessly connect scientific discovery with manufacturing execution, enabling scientific R&D organizations to rapidly and confidently transition breakthroughs from molecule to market.”

Approvals & Timing
The transaction is expected to close following customary regulatory approvals and other closing conditions.

Advisors
Evercore served as the exclusive financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Dotmatics on the transaction.

About Dotmatics
Dotmatics is a leader in R&D scientific software connecting science, data, and decision-making. Its enterprise R&D platform and applications, including GraphPad Prism, SnapGene and Geneious, drive efficiency and accelerate innovation. More than 2 million scientists and 14,000 customers trust Dotmatics to help them create a healthier, cleaner, safer world. Dotmatics is a global team of more than 800 people dedicated to supporting its customers in over 180 countries. The company is headquartered in Boston, with 14 offices and R&D teams located around the world. Learn more about Dotmatics at www.dotmatics.com.

About Siemens
Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably. In fiscal 2024, which ended on September 30, 2024, the Siemens Group generated revenue of €75.9 billion and net income of €9.0 billion. As of September 30, 2024, the company employed around 312,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of September 30, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

Forward Looking Statements

This press release contains forward-looking statements that do not relate solely to historical or current facts, such as statements regarding our expectations, intentions or strategies regarding the future.  The forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, Dotmatics. Because such statements are based on expectations as to future operating results they are not statements of fact. Actual results may differ materially from those projected and are subject to a number of known and unknown risks and uncertainties. The press release speaks only as of the date the statements are first published. Dotmatics undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dotmatics-signs-definitive-agreement-to-be-acquired-by-siemens-advancing-a-new-era-of-ai-driven-innovation-in-life-sciences-302418914.html

SOURCE Dotmatics Inc