Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 2

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 2
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and medical device industry experience in cloud, data, IoT, AI/ML, security & compliance.

The majority of our revenue is generated by our
full-time employees who provide software services and Managed Services and Support to our clients. Our software services include strategic
advisory, implementation and development services and Managed Services and Support include post implementation support and cloud hosting.
We are in the early stages of marketing CloudEz, DataEz and Readabl.AI as our SaaS offerings on a subscription basis, which we expect
will provide us with recurring revenues. We do not yet have enough information about our competition or customer acceptance of the proposed
SaaS offerings to determine whether or not recurring subscription revenue will have a material impact on our revenue growth. Our SaaS
offerings have been launched and commercially available for customers.

Background

As of December 31, 2024, SecureKloud Technologies,
Inc., f/k/a 8K Miles Software Services, Inc., a Nevada corporation (“SecureKloud”), owns approximately 45% of the Company.
SecureKloud is 60.71% owned by SecureKloud Technologies Ltd., an Indian company that is publicly traded in India.

2

We are led by a diverse, global, and talented team of data scientists,
thought leaders, software developers, and subject matter experts who seek to understand our customers’ challenges and are dedicated
to tackling these challenges. As of December 31, 2024, we had a total of 36 full time employees, 24 sub-contractors. Many of the senior
management team and the members of our board of directors hold advanced degrees and some are leading experts in software development,
regulatory science, and market access.

The Company, along with SecureKloud, is a born-on-the-cloud
Premier Partner of AWS and an audited next generation MSP. We are a leading partner of Google Cloud and a Gold Cloud Partner of Microsoft
Azure Cloud. HTI, along with SecureKloud, is currently one of the top tier Healthcare and Life Sciences competency partners of AWS among
more than 100,000 partners in their global community of partners. The Company is also recognized as one of the top eight partners of Google
Cloud Healthcare Interoperability Readiness Program. The Company has also established partnerships with Medical Information Technology,
Inc. MEDITECH, Epic Systems, Splunk Inc., Snowflake Inc., Looker Inc. (acquired by Google), and other technology companies. SecureKloud
was rated in