Latest news with #HealthcareTriangle
Associated Press
28-05-2025
- Business
- Associated Press
Healthcare Triangle Secures Major Health System Contracts and Expands AI-Powered EHR Services Nationwide
New Multi-year Wins, Platform Innovation, and AI-driven Growth Strategy Position HCTI for Sustained Growth PLEASANTON, CALIF. - May 28, 2025 ( NEWMEDIAWIRE ) - Healthcare Triangle, Inc. (Nasdaq: HCTI) ('HCTI' or the 'Company'), a leader in digital transformation solutions including managed services, cloud enablement, and data analytics for the healthcare and life sciences industries – today announced approximately $1.0 million of new multi-year strategic contracts wins. These include major agreements with a top-tier university medical system and the largest hospital system on the East Coast. In addition, HCTI is significantly expanding its AI and EHR integration services, reinforcing its position as a trusted innovation partner to health systems nationwide. 'These strategic wins reflect our ability to deliver enterprise-scale transformation with speed and precision,' said Sujatha Ramesh, Chief Operating Officer of Healthcare Triangle. 'We're enabling digital maturity, operational efficiency, and cost-effective care delivery - firmly positioning HCTI as a mission-critical partner, not just a service provider.' Aligned with its innovation roadmap, HCTI has also expanded its portfolio with an AI-powered a next-generation AI medical document automation platform that transforms faxes, scanned forms, and unstructured clinical text into structured, actionable data - seamlessly integrating with the electronic health record (EHR). Existing healthcare systems have realized significant benefits by automating their document management processes through The solution has also facilitated the transformation of unstructured clinical text into structured, actionable data - seamlessly integrating with electronic health records (EHR) to enhance clinical decision-making and operational efficiency 'These wins and platform advancements are accelerating our shift to a recurring revenue model,' added David Ayanoglou, Chief Financial Officer of HCTI. 'We're delivering scalable, AI-powered solutions that improve margins, expand our footprint, and increase enterprise value. HCTI is well-positioned for long-term growth and profitability.' Further strengthening its community focus, HCTI is exploring high-impact EPIC workflow integrations tailored to community health system deployments. These efforts aim to enhance clinical efficiency, streamline onboarding, and bring enterprise-grade performance to underserved and regional networks - delivering scalable solutions at lower cost. With a growing portfolio of strategic contracts, breakthrough AI platforms, and an expanding presence across enterprise and community health systems, HCTI is charting a clear path towards sustainable, technology-driven growth. The Company remains focused on delivering innovation at scale and unlocking long-term value for clients, partners, and shareholders. HCTI maintains strategic partnerships with leading public cloud providers - Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure. About Healthcare Triangle Healthcare Triangle, Inc. based in Pleasanton, California, reinforces healthcare progress through breakthrough technology and extensive industry knowledge and expertise. We support healthcare including hospitals and health systems, payers, and pharma/life sciences organizations in their effort to improve health outcomes through better utilization of the data and information technologies that they rely on. Healthcare Triangle achieves HITRUST Certification for Cloud and Data Platform (CaDP), marketed as CloudEz(TM) and DataEz(TM). HITRUST Risk-based, 2-year (r2) Certified status demonstrates to our clients the highest standards for data protection and information security. Healthcare Triangle enables the adoption of new technologies, data enlightenment, business agility, and response to immediate business needs and competitive threats. The highly regulated healthcare and life sciences industries rely on Healthcare Triangle for expertise in digital transformation encompassing the cloud, security and compliance, data lifecycle management, healthcare interoperability, and clinical and business performance optimization. Forward-Looking Statements and Safe Harbor Notice All statements other than statements of historical facts included in this press release are 'forward-looking statements' (as defined in the Private Securities Litigation Reform Act of 1995), and include, among others, statements regarding the consummation of the private placement, satisfaction of the customary closing conditions of the private placement and the use of the proceeds therefrom. Such forward-looking statements include our expectations and those statements that use forward-looking words such as 'projected,' 'expect,' 'possibility' and 'anticipate.' The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties, and assumptions, including market and other conditions. Actual results could differ materially from current projections or implied results. Investors should read the risk factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, on file with the Securities Exchange Commission (the 'SEC') and in previous filings, subsequent filings and future periodic reports filed with the SEC. All the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. Investors: 1-800-617-9550 [email protected]
Yahoo
11-04-2025
- Business
- Yahoo
Healthcare Triangle Announces the Appointment of Chief Financial Officer and Director on the Board
PLEASANTON, CALIF. - April 11, 2025 (NEWMEDIAWIRE) - Healthcare Triangle, Inc. (Nasdaq: HCTI) ("HCTI" or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI for the healthcare and life sciences industries, today announced two key executive appointments to drive its next phase of strategic growth and operational excellence. The company has named Mr. David Ayanoglou as its new Chief Financial Officer (CFO) and appointed Ms. Sujatha Ramesh as a Director on the Ayanoglou- Chief Financial Officer David joins HCTI with a distinguished career of over 22 years of corporate finance experience, predominantly around software M&A and financial reporting. David has entrepreneurial drive and is passionate about strategy, value creation and relationship building. In the last four years, David has been consulting to clients on M&A transactions, Corporate Reporting and CFO related matters in the Technology and Healthcare spaces. Prior to that David was a Director of Valuations and Transaction Support at Open Text where he served for over 13 years and participated in the execution of over 43 transactions where the deal sizes ranged from $5M to $1.62B (Including acquisition of divisions of Dell/EMC). Three of the deals that David executed on were greater than $1B. The acquisitions that David participated in are the primary reason for Open Text's market capitalization increasing over $11B during his tenure. David has also held senior finance roles including external reporting for a large SEC filer, and audit & assurance at KPMG LLP. "I am thrilled to welcome David on board. His breadth of experience in corporate finance, M&A and strong business acumen will be an invaluable asset to the Company. I look forward to working with David to lead Healthcare Triangle to the next phase of their development," said Dave Rosa, Chairman of the Board, Healthcare Triangle, Inc. "I also want to thank Thyagarajan Ramachandran for his commitment to the Company over the past 4 years serving as CFO and wish him well in his future endeavours." "HCTI has overcome great difficulties and is now on a war path footing to success. I am excited to be part of this next chapter for HCTI," said David Ayanoglou. David is a graduate of the University of Toronto (Rotman School of Business), a CPA, Chartered Accountant and a Chartered Business Valuator. Ramesh Director on the Board Sujatha currently serves as the HCTI's Chief Operation Officer(COO). With over 25 years of senior executive experience across the Technology and Financial Services sectors, Sujatha brings a powerful combination of operational expertise, governance and controls insight, strategic foresight, and global execution excellence to HCTI's boardroom. Her appointment further strengthens the Company's leadership team as HCTI continues its global expansion and transformation initiatives."Sujatha's appointment to the Board reflects our confidence in her leadership and the critical role she plays in shaping the future of HCTI," said Dave Rosa, Chairman of the Board, Healthcare Triangle, Inc. "Her deep domain expertise, proven success in enterprise transformation, and unwavering commitment to innovation make her a tremendous asset to our Board." "It is a true honor to join the Board of Directors during this pivotal moment in HCTI's evolution," said Sujatha Ramesh. "I am excited to collaborate with our leadership team to shape and execute a bold strategic vision - one that drives transformative innovation, operational excellence, and lasting impact across the global healthcare and life sciences ecosystem." Sujatha's appointment underscores HCTI's commitment to advancing operational excellence and digital innovation across its global footprint. Sujatha holds an MBA from NYU's Leonard N. Stern School of Business and a Master of Science in Information Systems and Applications. Her dual appointment underscores HCTI's commitment to excellence in leadership, execution, and innovation as the Company continues to redefine healthcare through technology. About Healthcare Triangle Healthcare Triangle, Inc. based in Pleasanton, California, reinforces healthcare progress through breakthrough technology and extensive industry knowledge and expertise. We support healthcare including hospitals and health systems, payers, and pharma/life sciences organizations in their effort to improve health outcomes through better utilization of the data and information technologies that they rely on. Healthcare Triangle achieves HITRUST Certification for Cloud and Data Platform (CaDP), marketed as CloudEz(TM), DataEz(TM) and HITRUST Risk-based, 2-year (r2) Certified status demonstrates to our clients the highest standards for data protection and information security. Healthcare Triangle enables the adoption of new technologies, data enlightenment, business agility, and response to immediate business needs and competitive threats. The highly regulated healthcare and life sciences industries rely on Healthcare Triangle for expertise in digital transformation encompassing the cloud, security and compliance, identity management, data lifecycle management, healthcare interoperability, and clinical and business performance optimization. For more information, visit Forward-Looking Statements and Safe Harbor Notice All statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include our expectations and those statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate." The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties and assumptions. Actual results could differ materially from current projections or implied results. Investors should read the risk factors set forth in the Company's Annual Report on Form 10-K filed with the SEC on February 18, 2025, subsequent filings and future reports filed with the SEC. All the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The Company cautions that statements and assumptions made in this news release constitute forward-looking statements and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management undertake no obligation to revise these statements following the date of this news release. ContactsInvestors:1-800-617-9550ir@ View the original release on Sign in to access your portfolio
Yahoo
18-03-2025
- Business
- Yahoo
Healthcare Triangle Announces the Appointment of Chief Operating Officer
PLEASANTON, CA - March 18, 2025 (NEWMEDIAWIRE) - Healthcare Triangle, Inc. (Nasdaq: HCTI) ("HCTI" or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI for the healthcare and life sciences industries, today announced the appointment of Ms Sujatha Ramesh as its new Chief Operating Officer (COO). Sujatha joins HCTI with a distinguished career of over 25 years of senior executive experience in the Technology and Financial Services industry. Sujatha specializes in strategic transformation, technology leadership, operational efficiency, and regulatory compliance. With a distinguished global career, she has successfully led multi-million-dollar initiatives, driving organizational resilience, operational excellence, and digital innovation. Recognized for bridging strategy with execution, Sujatha has spearheaded enterprise-wide transformations across the Americas, Europe, Asia, and Latin America, including Mexico. Prior to joining HCTI, Sujatha held senior leadership roles at Fortune 500 organizations. Most recently, she served as Global Head of Strategic Initiatives at Citigroup, where she held various senior leadership roles, spearheading large-scale operational transformation, governance frameworks, risk and control management, financial optimization, and technology modernization efforts. "We are delighted to welcome Sujatha as the new COO of Healthcare Triangle, Inc.," said Dave Rosa, Chairman of the Board, Healthcare Triangle, Inc. "Sujatha's extensive industry expertise, leadership acumen, and strategic vision make her the ideal choice to lead HCTI in its next phase of growth and success." Previously, Sujatha has held leadership positions at prominent organizations, including Publicis Sapient, Infinite Computer Solutions, and Capgemini (formerly iGATE Global Solutions). In these roles, she managed complex technology projects. Recognized industry thought leader and honored listee in Who's Who in America ( has spoken at global forums and mentored future leaders as a guest speaker at academic institutions. "HCTI is entering a pivotal phase of strategic transformation. I look forward to driving operational excellence, unlocking efficiencies, and delivering breakthrough technology solutions for our clients that positions HCTI for sustained long term success," said Sujatha Ramesh. Sujatha holds an MBA from NYU Leonard N. Stern School of Business and a Master of Science (MS) in Information Systems and Applications. About Healthcare Triangle Healthcare Triangle, Inc. based in Pleasanton, California, reinforces healthcare progress through breakthrough technology and extensive industry knowledge and expertise. We support healthcare including hospitals and health systems, payers, and pharma/life sciences organizations in their effort to improve health outcomes through better utilization of the data and information technologies that they rely on. Healthcare Triangle achieves HITRUST Certification for Cloud and Data Platform (CaDP), marketed as CloudEz(TM), DataEz(TM) and HITRUST Risk-based, 2-year (r2) Certified status demonstrates to our clients the highest standards for data protection and information security. Healthcare Triangle enables the adoption of new technologies, data enlightenment, business agility, and response to immediate business needs and competitive threats. The highly regulated healthcare and life sciences industries rely on Healthcare Triangle for expertise in digital transformation encompassing the cloud, security and compliance, identity management, data lifecycle management, healthcare interoperability, and clinical and business performance optimization. For more information, visit Forward-Looking Statements and Safe Harbor Notice All statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include our expectations and those statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate." The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties and assumptions. Actual results could differ materially from current projections or implied results. Investors should read the risk factors set forth in the Company's Annual Report on Form 10-K filed with the SEC on February 18, 2025, subsequent filings and future reports filed with the SEC. All the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The Company cautions that statements and assumptions made in this news release constitute forward-looking statements and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management undertake no obligation to revise these statements following the date of this news release. ContactsInvestors:1-800-617-9550 ir@
Associated Press
18-03-2025
- Business
- Associated Press
Healthcare Triangle Announces the Appointment of Chief Operating Officer
NEWMEDIAWIRE) - Healthcare Triangle, Inc. (Nasdaq: HCTI) ('HCTI' or the 'Company'), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI for the healthcare and life sciences industries, today announced the appointment of Ms Sujatha Ramesh as its new Chief Operating Officer (COO). Sujatha joins HCTI with a distinguished career of over 25 years of senior executive experience in the Technology and Financial Services industry. Sujatha specializes in strategic transformation, technology leadership, operational efficiency, and regulatory compliance. With a distinguished global career, she has successfully led multi-million-dollar initiatives, driving organizational resilience, operational excellence, and digital innovation. Recognized for bridging strategy with execution, Sujatha has spearheaded enterprise-wide transformations across the Americas, Europe, Asia, and Latin America, including Mexico. Prior to joining HCTI, Sujatha held senior leadership roles at Fortune 500 organizations. Most recently, she served as Global Head of Strategic Initiatives at Citigroup, where she held various senior leadership roles, spearheading large-scale operational transformation, governance frameworks, risk and control management, financial optimization, and technology modernization efforts. 'We are delighted to welcome Sujatha as the new COO of Healthcare Triangle, Inc.,' said Dave Rosa, Chairman of the Board, Healthcare Triangle, Inc. 'Sujatha's extensive industry expertise, leadership acumen, and strategic vision make her the ideal choice to lead HCTI in its next phase of growth and success.' Previously, Sujatha has held leadership positions at prominent organizations, including Publicis Sapient, Infinite Computer Solutions, and Capgemini (formerly iGATE Global Solutions). In these roles, she managed complex technology projects. Recognized industry thought leader and honored listee in Who's Who in America ( has spoken at global forums and mentored future leaders as a guest speaker at academic institutions. 'HCTI is entering a pivotal phase of strategic transformation. I look forward to driving operational excellence, unlocking efficiencies, and delivering breakthrough technology solutions for our clients that positions HCTI for sustained long term success,' said Sujatha Ramesh. Sujatha holds an MBA from NYU Leonard N. Stern School of Business and a Master of Science (MS) in Information Systems and Applications. About Healthcare Triangle Healthcare Triangle, Inc. based in Pleasanton, California, reinforces healthcare progress through breakthrough technology and extensive industry knowledge and expertise. We support healthcare including hospitals and health systems, payers, and pharma/life sciences organizations in their effort to improve health outcomes through better utilization of the data and information technologies that they rely on. Healthcare Triangle achieves HITRUST Certification for Cloud and Data Platform (CaDP), marketed as CloudEz(TM), DataEz(TM) and HITRUST Risk-based, 2-year (r2) Certified status demonstrates to our clients the highest standards for data protection and information security. Healthcare Triangle enables the adoption of new technologies, data enlightenment, business agility, and response to immediate business needs and competitive threats. The highly regulated healthcare and life sciences industries rely on Healthcare Triangle for expertise in digital transformation encompassing the cloud, security and compliance, identity management, data lifecycle management, healthcare interoperability, and clinical and business performance optimization. For more information, visit Forward-Looking Statements and Safe Harbor Notice All statements other than statements of historical facts included in this press release are 'forward-looking statements' (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include our expectations and those statements that use forward-looking words such as 'projected,' 'expect,' 'possibility' and 'anticipate.' The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties and assumptions. Actual results could differ materially from current projections or implied results. Investors should read the risk factors set forth in the Company's Annual Report on Form 10-K filed with the SEC on February 18, 2025, subsequent filings and future reports filed with the SEC. All the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The Company cautions that statements and assumptions made in this news release constitute forward-looking statements and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management undertake no obligation to revise these statements following the date of this news release. Contacts Investors: 1-800-617-9550
Yahoo
28-02-2025
- Business
- Yahoo
Healthcare Triangle, Inc Announces Closing of $15.2 Million PIPE Offering
PLEASANTON, CA - February 28, 2025 (NEWMEDIAWIRE) - Healthcare Triangle, Inc (NASDAQ: HCTI) ("HCTI" or the "Company"), a leader in digital transformation solutions, including managed services, cloud enablement, cybersecurity, and data analytics for the healthcare and life sciences industries, today announced the closing of its previously announced PIPE offering for gross proceeds of approximately $15.2 million, prior to deducting placement agent fees and other expenses payable by the Company. The entire transaction was priced at the market under Nasdaq rules. The PIPE offering consists of 36,190,485 units (each a "Unit"), with each unit consisting of (i) one share of common stock or one pre-funded warrant to purchase one share of common stock at an exercise price of $0.00001 per share, (ii) one series A warrant to purchase one share of common stock at an exercise price of $0.84 (subject to adjustments), and (iii) one series B warrant to purchase one share of common stock at an exercise price of $0.84 (subject to adjustments). The price per Common Unit was $0.42 (or $0.41999 per Unit in the case of units that include pre-funded warrants). Additional details on the transaction will be available in the Company's Form 8-K, which will be filed with the U.S. Securities and Exchange Commission and available at Aggregate net proceeds to the Company were approximately $13.68 million, after deducting placement agent fees and other expenses payable by the Company. The Company expects to use the net proceeds from the offering, together with its existing cash future acquisitions, general corporate purposes, and working capital requirements. Based on receiving approximately $13.68 million in net proceeds from the Unit offering, the Company believes as of February 28, 2025, it is in compliance with Nasdaq's minimum $2,500,000 stockholders' equity requirement. RBW Capital Partners LLC (a division of Dawson James Securities, Inc.) and Spartan Capital Securities, LLC acted as the co-placement agents in connection with the offering. Sichenzia Ross Ference Carmel LLP acted as counsel to the Company. Manatt, Phelps & Phillips, LLP acted as counsel to the placement agents. The common stock, the pre-funded warrants, the series A warrants, the series B warrants and the common stock issuable upon the conversion of the pre-funded warrants, the series A warrants, and the series B warrants have not been registered under the Securities Act of 1933, as amended, or any state securities laws and, until so registered, may not be offered or sold in the United States or any state absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Healthcare Triangle, Inc. Healthcare Triangle, Inc. based in Pleasanton, California, reinforces healthcare progress through breakthrough technology and extensive industry knowledge and expertise. We support healthcare including hospitals and health systems, payers, and pharma/life sciences organizations in their effort to improve health outcomes through better utilization of the data and information technologies that they rely on. Healthcare Triangle achieves HITRUST Certification for Cloud and Data Platform (CaDP), marketed as CloudEzTM, DataEzTM and HITRUST Risk-based, 2-year (r2) Certified status demonstrates to our clients the highest standards for data protection and information security. Healthcare Triangle enables the adoption of new technologies, data enlightenment, business agility, and response to immediate business needs and competitive threats. The highly regulated healthcare and life sciences industries rely on Healthcare Triangle for expertise in digital transformation encompassing the cloud, security and compliance, identity management, data lifecycle management, healthcare interoperability, and clinical and business performance optimization. Forward Looking Statements This press release may contain information about Healthcare Triangle, Inc.'s view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in "Risk Factors" included in our SEC filings. Company Contact: Media: Thyagarajan Ramachandran, CFO; rt@ Investor Relations Contact :1-800-617-9550; ir@ View the original release on Sign in to access your portfolio
