Healthcare Triangle, Inc. (HCTI) has completed the acquisition of Niyama Healthcare, Inc. and a 100% equity stake in Ezovion Solutions Private Limited through its subsidiary QuantumNexis. This strategic transaction, valued at $5.7 million, positions HCTI to enhance its digital transformation solutions for healthcare and life sciences sectors, particularly in mental health and hospital information systems across India, Southeast Asia, and Europe. The acquisition includes Niyama's Mental Health SaaS platform with all associated intellectual property, contracts, and key personnel, as well as Ezovion Solutions' integrated Hospital Information System and Electronic Health Records solutions.
The financial structure of the deal involves cash, restricted common stock of HCTI, and potential earn-out payments contingent upon first-year financial performance. David Ayanoglou, CFO of HCTI, emphasized that this acquisition aligns with the company's mission to revolutionize healthcare delivery through intelligent, integrated platforms. Sujatha Ramesh, COO of HCTI, highlighted the strategic benefits, including expansion into high-growth segments like mental health and specialty care, enhancement of AI and cloud-first architecture, and the addition of recurring revenue streams through subscription-based offerings.
This acquisition strengthens HCTI's technology backbone by creating a unified digital health platform that integrates multiple healthcare solutions. The company gains access to high-quality talent with specialized domain expertise and creates immediate cross-selling opportunities within HCTI's existing customer base. During the transition period until August 15, 2025, Niyama will maintain operational continuity, handling revenue collection and payroll processing while full integration with HCTI systems and personnel progresses.
The acquisition underscores HCTI's commitment to transforming healthcare delivery through innovative technology solutions that address global healthcare needs with scalable SaaS offerings. By incorporating Niyama's Mental Health SaaS platform and Ezovion's hospital information systems, HCTI reinforces its leadership position in the digital healthcare landscape while expanding its reach into critical healthcare segments. This strategic move enables HCTI to offer more comprehensive digital transformation solutions to healthcare providers worldwide, particularly in regions where mental health services and integrated hospital systems represent significant growth opportunities.
