Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 73

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 73
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 highly regulated HCLS industry turn to HTI
for expertise in digital transformation on the cloud, security and compliance, develops, data lifecycle management, healthcare interoperability,
clinical and business performance optimization.

HTI will concentrate on accelerating value to three healthcare sectors:

| 1. | Pharmaceutical companies, which require improved efficiencies in the clinical trial process. HTI modernizes their IT infrastructure 
 to advance the clinical trial process to drug discovery and delivery.                                                               |

| 2. | Hospitals and health systems, which face interoperability challenges as mergers, acquisitions and partnerships                               
 drive increasing need for integrated healthcare infrastructures. HTI’s health IT expertise optimizes providers’ enterprise digital structure 
 needs connecting disparate systems and applying analytics capabilities.                                                                      |

| 3. | Life sciences, payers and all healthcare organizations must protect and secure personal health information (PHI), a regulatory compliance 
 mandate that HTI addresses and manages for its customers.                                                                                 |

As an organization with the deep-rooted cloud
expertise, HTI’s technology significantly relies on Big Data, Analytics, DevOps, Security/Compliance, Identity Access Management
(IAM), Machine Learning (ML), Artificial Intelligence (AI), Internet of Things (IoT) and Blockchain.

Devcool Inc

Devcool Inc was incorporated under the laws of
the State of California on September 25, 2016. The Company solves complex technology problems and delivers innovation to healthcare industry.
The Company has successfully implemented projects for top Healthcare insurance companies and hospitals across United States of America.
On December 10, 2021, Healthcare Triangle, Inc (HTI) entered into a Share Purchase Agreement (the “Share Purchase Agreement”)
with Devcool, Go To Assistance Inc., a California corporation (“Seller”), and Mr. Sandeep Deokule, current Chief Executive Officer
of Devcool (“SD”). Pursuant to the Share Purchase Agreement, the Company will acquire shares of Devcool’s
Class B Common Stock, par value $, which represents all the issued and outstanding capital stock of Devcool (the “Acquisition”).
The closing of the Acquisition occurred on December 10, 2021 (the “Closing Date”). The Company exercised control by virtue
of taking over the operations from November 01, 2021 (effective date) and the financials have been consolidated from this date.

2) Summary of Significant Accounting Policies Basis of consolidated financial statements The accompanying condensed consolidated financial statements include the accounts of Healthcare Triangle and its wholly owned subsidiary. The condensed consolidated financial statements