Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 290

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 290
---
 below and elsewhere
in this report, and in the sections entitled “Special Note Regarding Forward-Looking Statements” and “Risk Factors”.

Overview

Healthcare Triangle, Inc. is a leading healthcare
information technology company focused on advancing innovative, industry-transforming solutions in the areas of cloud services, data science,
professional and managed services for the Healthcare and Life Sciences industry.

The Company was formed on October 29, 2019, as
a Nevada corporation and then converted into a Delaware corporation on April 24, 2020, to provide IT and data services to the Healthcare
and Life Sciences (“HCLS”) industry. The business commenced on January 1, 2020, after SecureKloud transferred its Life Sciences
business to us. 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. During the twelve months ended December 31, 2024, we generated revenues of approximately $11.7 million compared to
revenue of $33.2 million for the twelve months ended December 31, 2023, which represents a decrease of $21.6 million or 65% compared to
the previous year.

Our approach leverages our proprietary technology
platforms, extensive industry knowledge, and healthcare domain expertise to provide solutions and services that reinforce healthcare progress.
Through our platform, solutions, and services, we support healthcare delivery organizations, healthcare insurance companies, pharmaceutical,
and Life Sciences, biotech companies, and medical device manufacturers in their efforts to improve data management, develop analytical
insights into their operations, and deliver measurable clinical, financial, and operational improvements.

We offer a comprehensive suite of software, solutions,
platforms, and services that enables some of the world’s leading healthcare and pharma organizations to deliver personalized healthcare,
precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to real-world
evidence, and accelerate their digital transformation. We combine our expertise in the healthcare technology domain, cloud technologies,
DevOps and automation, data engineering, advanced analytics, AI/ML, IoT, security, compliance, and governance to deliver platforms and
solutions that drive improved results in the complex workflows of Life Sciences, biotech, healthcare providers, and payers. Our differentiated
solutions, enabled by our intellectual