Healthcare Triangle Awarded Contract Expansion with Fortune 500 Biopharmaceutical Customer
July 19 2023 - 8:00AM
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 that it has secured a multi-year program expansion
contract with a top-five customer, a Fortune 500 biopharmaceutical
company. The agreement extends the customer’s suite of cloud
DevOps, data engineering, and data platform management solutions.
“Over the past four years of this client’s program, HCTI has
developed a high performance computing (HPC) environment supported
by a custom deployment of DataEz™, our HITRUST-certified, fully
managed AI engineering and analytics platform-as-a-service. This
new agreement renews and expands our managed services engagement,
reinforcing our value as a trusted advisor and a
highly-engaged business partner,” said Lena Kannappan, head of
business, strategy and partnerships for Healthcare
Triangle. “Our expertise in challenging the status quo,
providing strategic alternatives, and implementing creative, novel
solutions in cloud transformation and cloud acceleration for
pharmaceutical and life sciences organizations enabled us to
broaden our range of services for this program. We are thrilled to
continue this highly valued client relationship.”
Healthcare Triangle advances industry-transforming solutions in
the areas of cloud services, data science, cyber security and
professional and managed services for the healthcare and life
sciences industries. The Company is strategically partnered with
leading public cloud providers including Amazon Web Services,
Google Cloud, Microsoft Azure Cloud, and EHR vendors.
About Healthcare TriangleHealthcare 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™ and DataEz™. 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. For more information,
visit www.healthcaretriangle.com.
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 Prospectus filed with the SEC on October 7, 2021,
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.
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
Media:Michael Campanamichael.c@healthcaretriangle.com
Investors:1-800-617-9550ir@healthcaretriangle.com
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