Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 6

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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0, the Company acquired Cornerstone Advisors Group LLC (Healthcare Business) from SecureKloud Technologies Inc.

On June 16, 2025, Healthcare Triangle, Inc. through
its wholly owned subsidiary Quantum Nexus Inc. (the “Company”) and Niyama Healthcare, Inc., a Delaware corporation, a provider
of Mental Health and Hospital Information Systems technology, across India, South East Asia, and Europe (the “Seller”) entered
into an Asset Transfer Agreement (the “Agreement”). Pursuant to the Agreement, the Company agreed to purchase from the Seller
the Transferred Assets (comprising of contracts, intellectual property and related assets), and (ii) the Seller’s 100% shareholder
equity interest in Ezovion Solutions Private Limited, Chennai, India - Hospital Information Systems SaaS Provider as Seller’s Equity
(the “Transferred Equity”), as a whole and as a going concern in exchange for the Purchase Price (as defined in note 3.3).
The acquisition had closing date of June 16, 2025.

Company reinforces healthcare progress through
breakthrough technology and extensive industry know-how. Company support healthcare providers and payors, hospitals and pharma/life sciences
organizations in their effort to improve health outcomes by enabling the adoption of new technologies, data enlightenment, business
agility and accelerate responding to immediate business needs and competitive threats. The highly regulated HCLS industry
turn to Company for expertise in digital transformation on the cloud, security and compliance, develops, data lifecycle management, healthcare
interoperability, clinical and business performance optimization. 

Company concentrates on accelerating value to
the three healthcare sectors:

    1.
    Pharmaceutical companies,
    which require improved efficiencies in the clinical trial process. Company 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. Company’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 Company
    addresses and manages for its customers.

As an organization with the deep-rooted cloud
expertise, Company’s technology significantly relies on Big Data, Analytics, DevOps, Security/Compliance,