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Midea RAC to Participate in Big 5 Construct Saudi, Reinforcing its Commitment to Professional Innovation

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RIYADH, Saudi Arabia, Feb. 23, 2024 /PRNewswire/ — Midea, a leading global provider of air conditioning solutions, has announced its participation in the Big 5 Construct Saudi, a prominent Middle East exhibition for construction, building, and HVAC, in Riyadh from February 26-29. In collaboration with HH-Shaker, a leading HVAC company in Middle East, the Midea Residential Air Conditioner Division (Midea RAC) will showcase its innovative products and technologies at booth 4A41 in Hall 4 of the Riyadh Front Exhibition and Conference Center.

 

Midea already has a strong presence in the Middle East, serving customers in the Saudi Arabia, United Arabi Emirates, Kuwait, Oman Jordan, Lebanon, among others. The company’s products have been well-received by consumers in these regions and beyond. In 2022, Midea’s residential inverter air conditioners topped global shipment charts. Furthermore, Midea was recognized as the leading inverter air conditioner company worldwide. This is a testament to the company’s consistent efforts in technological innovation and quality enhancement.

Midea RAC now operates in 11 countries, has 18 global R&D centers, and invested over 2 billion USD in research and development over the past five years. It provides a range of products and is committed to rewarding the trust of the Middle Eastern market with professional innovation.

Midea RAC’s exhibit at the Big 5 Construct Saudi is themed “Pro Innovation Pro Future,” highlighting the company’s commitment to professional innovation. Midea RAC firmly believes that while innovation can change people’s lives, it is professional innovation that truly enhances them. This belief is embodied in the products they will showcase at the exhibition, including two new models.

One is the A7 Duct, an upgrade of the A6 Duct. The A7 Duct is designed for commercial projects. It is slimmer, quieter, and more corrosion resistant. The other new product to be unveiled at the event is IcyBlast. It is equipped with Midea’s exclusive Inverter Quattro™ technology and is capable of cooling 20% faster than other traditional split units while consuming less energy, making it particularly suitable for users in the Middle East.

The display will also feature Midea’s innovative product range, designed to offer users maximum comfort and convenience.

The ALL-Easy Pro is a user-friendly system that is simple to install, clean, and maintain, designed to make life easier for users. The TROPICAL 3, is a high-performance air conditioning unit specifically engineered for tropical climates. The Wonder AC is a pioneering product, being the first inverter window AC that cools as effectively as a split AC. It boasts rapid cooling, energy-saving capabilities, and operates with minimal noise. Lastly, the Xtreme Series is a diverse collection of Midea household split systems. These units blend cutting-edge technology with a sleek, modern design, providing users with an optimal blend of functionality and style.

Among the array of products on display, visitors will have the opportunity to familiarize themselves with the top three features of Midea RAC products. These include CoolFlash, which rapidly cools rooms to the desired temperature; Energy Saving Inverter Tech, which is featured in Midea’s first inverter window AC and can saves up to 26% energy than regular split ACs; and Hyper Grafins, which integrate graphene into their anti-corrosion layer, greatly enhancing the layer’s density and resistance to external corrosion factors like salt, acid, and rain.

Midea RAC continues to set the standard in the industry with its unwavering commitment to innovation and professionalism. Its forward-thinking approach is not only revolutionizing the way of experiencing comfort but also shaping a more sustainable and promising future.

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Carlyle, Insight Partners, and JMI Equity Unveil Exiger’s Complete AI-Built Transformation

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Category Leader Launches Autonomous AI Development Platform to Bring Compounding and Iterative Agentic Capabilities to Supply Chain, Readiness, and Trade Management

WASHINGTON, Sept. 10, 2026 /PRNewswire/ — Exiger, a market-leading supply chain AI company, in partnership with investors Carlyle, Insight Partners, and JMI Equity, today announced its complete AI transformation with the AI-native 1Exiger release, a significant upgrade to the 1Exiger tech stack that is designed to allow customers to harness the agility of AI for supply chain, procurement, and compliance tasks. 1EXIGER.AI, 1Exiger’s enhanced AI execution layer, is built on Exiger’s new AI product development lifecycle (AI-PDLC), enabling continuous development, deployment, and scale while leveraging Exiger’s leading data, domain expertise and secure infrastructure.

1Exiger will be like the smartphone of supply chain, readiness, and trade management

Following the $1.2 billion investment led by Carlyle, Insight Partners, and JMI Equity in 2023, Exiger completed three acquisitions that significantly expanded its proprietary data assets beyond the commercially available data typically used by large language models (LLMs) and off-the-shelf tools. Since then, Exiger has pursued continuous innovation and, at the beginning of this year, embarked on a complete AI-led replatform of its business.

“With the AI-PDLC, we were able to rapidly execute this platform upgrade, integrating the most advanced agentic AI capabilities in just months and creating a platform for the ongoing release of new functionality on a daily and even hourly basis. 1Exiger will be like the smartphone of supply chain, readiness, and trade management, with new versions seamlessly deployed for an ever-improving experience,” said Exiger CEO Brandon Daniels. “This product development platform and built-in supply chain data universe obliterates the ‘build vs. buy’ decision for the supply chain, acquisition, and procurement communities, giving them the data they need and the tooling that allows them to use it effortlessly.”

Exiger’s flagship product, 1Exiger, has evolved from a leading supply chain risk solution into a centralized AI platform that helps organizations manage their operating network, from parts to suppliers, regulators, and customers, through an autonomous agentic workforce that learns, adapts, and augments with every decision. This AI-native release hardens Exiger’s market position, combining the largest supply chain knowledge asset with three trillion data points, deep expertise from long-term, complex use cases, and trusted deployment in highly regulated environments. That market dominance took years and hundreds of millions in investment to achieve, creating an entrenched differentiator over competitors and new entrants.

“Our capacity to revolutionize markets by building fit-for-purpose tooling and proprietary data into cutting-edge agentic workflows will allow us to not only dominate our core supply chain, readiness, trade compliance, and procurement markets, but also stretch into new ones,” said Daniels. “With the AI-PDLC, Exiger can do with a few hundred Experience Builders, a new role we’ve created aligned with AI-Native development, and engineers what companies with 10,000 staff engineers do. We’re operating at the bleeding edge. The customers building alongside us retain their own data while leveraging Exiger’s competitive advantage to create and own their AI future.”

The AI-PDLC automates each stage of development with AI now writing 95% of first-generation code and seamlessly integrates with Exiger’s secure CI/CD pipeline on top of the world’s largest proprietary dataset in supply chain, defense, and corporate intelligence. It has radically improved the speed, cost, and scale of Exiger’s AI development, compressing what was estimated to be a three-year, $180 million upgrade into a four-month, $20 million sprint, and positioning Exiger as the AI partner for organizations looking to act first and beat the market with pioneering supply chain and procurement automation.

“Exiger’s AI transformation reflects a forward-looking approach to innovation and a commitment to continually rethinking conventional approaches. The timing of this release is particularly compelling as defense and government customers are increasingly demanding sophisticated AI capabilities for supply chain mapping and decision-making. We believe Exiger is well positioned to meet this growing demand,” said Steve Bailey, Partner at Carlyle and Chairman of Exiger’s Board of Directors, and Dayne Baird, Partner at Carlyle and Board Member.

“Exiger’s AI-driven innovation engine generates durable moat, almost at-will, and their AI-PDLC is among the most advanced in the market, inside or outside of Silicon Valley,” said Ryan Hinkle, Managing Director at Insight Partners and Board Member. “Achieving 50% core market growth this year only reinforces our strong conviction in the Exiger team and what they’re building.”

“Rather than defend legacy approaches, Exiger embraced its philosophy of innovation-led transformation and reinvented its business ahead of the market,” said Bob Nye, Partner at JMI Equity and Board Member. “In doing so, the company has created a blueprint for how category leaders can harness AI to unlock new avenues of growth. We believe Exiger represents a compelling model for AI-native transformation across the JMI portfolio.”

About Exiger
Exiger is the AI partner for supply chain and procurement automation. Its centralized 1EXIGER.AI platform allows organizations to manage their entire operating network, from parts to suppliers, regulators, and customers, through an autonomous agentic workforce that learns, adapts, and augments with every decision. The AI-native platform combines the largest supply chain knowledge asset with three trillion data points, deep expertise from long-term, complex use cases, and trusted deployment in highly regulated environments. Exiger is taking 550+ global customers, including 150 Fortune 500 and 80+ government and defense industrial organizations, to the bleeding edge, empowering them to act first in the AI era. FedRAMP® authorized, 2x Leader in Gartner® Magic Quadrant™ for Supplier Risk Management, and multiple patent holder, Exiger is recognized by 50+ tech awards and analyst evaluations. Learn more at Exiger.com and follow Exiger on LinkedIn.

About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $485 billion of assets under management as of June 30, 2026, Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

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 December 31, 2025, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 900 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has a global presence with leadership 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.

About JMI Equity
Founded in 1992, JMI Equity has focused on investing in exceptional software and AI-driven companies from scaling stages through later growth. For more than three decades, JMI has partnered with founder-owners and management teams across market cycles to accelerate growth and build their companies into industry leaders. With offices in San Diego, Washington, D.C., and Baltimore, JMI has invested in nearly 200 businesses in its target markets. As of December 2025, the firm’s portfolio represents over $11 billion in combined revenue, $90 billion in aggregate enterprise value, and 40,000 jobs. To learn more, visit www.jmi.com.

For more information, please contact:

Kody Gurfein
Chief Marketing Officer
kgurfein@exiger.com
1.914.393.0398

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SOURCE Exiger

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XpertDox Strengthens Sales and Partnership Leadership as AI Medical Coding Adoption Scales

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XpertDox names Jim Whelan as Senior Vice President of Sales and Nick Pierce as Senior Vice President of Strategic Partnerships, expanding its business development leadership as it scales autonomous medical coding across provider organizations.

SCOTTSDALE, Ariz., Sept. 10, 2026 /PRNewswire/ — XpertDox, a leading AI medical coding software provider, today announced the expansion of its sales leadership team with the appointment of Jim Whelan as Senior Vice President of Sales and Nick Pierce as Senior Vice President of Strategic Partnerships. Together, the two leaders will drive new market expansion and deepen partner relationships as XpertDox scales adoption of XpertCoding, its AI-powered autonomous medical coding platform, across health systems, FQHCs, Healthcare GPOs, MSOs, and other provider organizations.

Jim Whelan, Senior Vice President of Sales

Jim Whelan brings more than 25 years of executive sales leadership across mission-driven healthcare technology companies. He has held Chief Revenue Officer and senior sales leadership roles at high-growth healthcare technology organizations, building and scaling high-performance sales teams and helping guide an early-stage company to its IPO. At XpertDox, Jim is building the company’s sales motion for XpertCoding and leading new provider client acquisition.

“I joined XpertDox because autonomous medical coding is one of the clearest, most defensible applications of AI in the healthcare revenue cycle,” said Jim Whelan, Senior Vice President of Sales at XpertDox. “My focus is building a motion that brings that value to more provider organizations, and I am excited to help scale what this team has already built.”

Nick Pierce, Senior Vice President of Strategic Partnerships

Nick Pierce steps into the role of Senior Vice President of Strategic Partnerships, bringing deep institutional knowledge of XpertDox’s client base and partner relationships. He is leading strategic partnership development while supporting the continued growth of the company’s sales organization.

“Having worked closely with our clients and partners, I have seen firsthand how the right partnerships can transform the healthcare revenue cycle, driving stronger compliance, more complete charge capture, and better clinical care,” said Nick Pierce, Senior Vice President of Strategic Partnerships at XpertDox. “My focus is deepening those relationships and building new ones, so that more organizations can put the accuracy and transparency of XpertCoding to work.”

About XpertDox 
Founded in 2015 and headquartered in Phoenix, Arizona, XpertDox provides AI-powered autonomous medical coding software solutions that improve coding accuracy, reduce denials, and decrease administrative burden. The XpertCoding platform supports HCC/RAF risk adjustment, quality metrics reporting for value-based care (VBC), and fee-for-service (FFS) coding.

XpertDox serves FQHCs, primary care, pediatric, women’s health, behavioral health, dental, orthopedic, ophthalmology, urgent care, home health, family services, multispecialty groups, and health systems. XpertDox also partners with Healthcare GPOs, MSOs, and RCM organizations, with a focus on coding accuracy, regulatory compliance, and reduced administrative burden.

Visit https://www.xpertdox.com/ or contact XpertDox at marketing@xpertdox.com

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SOURCE XpertDox

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Dunes Point Capital, LP Announces the Sale of NextGen Security LLC

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RYE, N.Y., Sept. 10, 2026 /PRNewswire/ — Dunes Point Capital, LP (“DPC”) has sold NextGen Security LLC (“NextGen”) to funds advised by Apax Partners LLP (“Apax”). Located in Exton, Pennsylvania, NextGen is an end-to-end integrator of electronic security systems for complex and regulated facilities. NextGen serves industrial, healthcare, education, and commercial end markets, and operates across 8 locations. For more information, please visit www.nextgensecured.com.

For DPC, William Blair & Company, L.L.C. and Raymond James & Associates, Inc. served as M&A advisors, Polsinelli PC served as legal advisor, and Alvarez & Marsal Global Transaction Advisory Group served as financial due diligence advisor.

About DPC: DPC is a family office and leading private investment firm with a 13-year history of partnering with family and founder owned companies to build great scaled and fully integrated businesses. DPC focuses on companies operating in the general industrial and business services sectors with enterprise values of up to $1 billion. For more information, please visit www.dunespointcapital.com.

About NextGen Security LLC (“NextGen”): Located in Exton, Pennsylvania, NextGen is an end-to-end integrator of electronic security systems for complex and regulated facilities. NextGen serves industrial, healthcare, education, and commercial end markets, and operates across 8 locations. For more information, please visit www.nextgensecured.com.

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SOURCE Dunes Point Capital, LP

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