PLEASANTON, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) — Healthcare Triangle, Inc. (HCTI),
a leading provider of Healthcare and Life Sciences cloud transformation, managed services and
data analytics platform company,
PLEASANTON, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) — Healthcare Triangle, Inc. (HCTI),
a leading provider of Healthcare and Life Sciences cloud transformation, managed services and
data analytics platform company, announced today that it has acquired DevCool, Inc.
(“DevCool”), ranked by Inc. 5000 as among the fastest growing private companies in USA in
2021.
DevCool provides EHR Implementation and Managed Services to 6 of the top 10 hospitals in
the USA and specializes in providing services to cancer research hospitals and university
medical centres. The combined entity will focus on accelerating healthcare providers to adopt
cloud technologies in improving clinical, operational, and financial performance. This will open
up significant opportunities for HCTI, a premier partner of AWS, Google Cloud, and Microsoft
Azure, to upsell its SaaS Platforms like CloudEz, DataEz, and Readabl.AI to the existing client
base of DevCool.
“With the acquisition of DevCool, Healthcare Triangle will implement technological
advancements designed to improve hospitals' provisioning of patient care, reduce information
technology costs, and enable faster EHR deployments for hospital clients as part of its strategy
to consolidate its leadership position in the healthcare space. This will further allow clients to
host their EHR on public clouds (Amazon Web Services, Google Cloud, and Microsoft Azure)
with the HCTI’s CloudEz Platform and expertise,” said Suresh Venkatachari, Chairman and
CEO of Healthcare Triangle, Inc.
He added that, "With the acquisition of DevCool, we will add large health systems and
Integrated Delivery Networks (IDN) to HCTI’s client portfolio, and we expect it to be accretive to
EBITDA.”
“We see the acquisition of DevCool improving patient outcomes by implementing AI and Data
driven platforms across medical centers and clinical facilities. Healthcare Triangle (HCTI)
expects significant opportunities in cloud transformation services, further growth of data
analytics and AI platforms based recurring revenues in the healthcare domain,” said Shibu
Kizhakevilayil, Head of M&A and Board of Director of Healthcare Triangle Inc. “We look forward
to working with Sandeep Deokule and the DevCool team in our continued journey to become a
top 10 healthcare IT company in US,” said Mr. Kizhakevilayil.
"We are excited to be part of HCTI, and our goal is to continue helping hospitals innovate and at
the same time keep EHR Managed Services cost lower,” said Sandeep Deokule, founder of
DevCool. "DevCool along with HCTI will now be able to scale faster, deliver large scale EHR
implementations, and host applications on the cloud.”
About Healthcare Triangle, Inc. (HCTI)
Healthcare Triangle, Inc., based in Pleasanton, Calif., reinforces healthcare progress through
breakthrough technology and extensive industry knowledge and expertise. We support
healthcare organizations—including hospitals and health systems and health plans—as well as
pharma and life sciences organizations, in their efforts to improve health outcomes. Healthcare
Triangle enables the rapid 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 HealthcareTriangle.com.
Visit www.healthcaretriangle.com for more information.
About DevCool
DevCool, Inc., Fastest Growing Company in USA in 2021 (by Inc. 5000 Magazine) is a trusted
technology and business solutions provider for America's top healthcare organizations by
providing EHR IT Managed Services. DevCool helps to rethink Healthcare delivery models by
combining cutting edge Healthcare IT solutions and EHR Managed Services. For more
information, please visit http://www.devcool.com.
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