Healthcare Triangle signs platform development deal with SecureKloud, sets $3.2 million budget

Healthcare Triangle, Inc. -3.16%

Healthcare Triangle, Inc.

HCTI

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  • Healthcare Triangle entered platform development agreement with SecureKloud Technologies, with Blockedge as subcontractor, effective March 31, 2026.
  • SecureKloud will build integrated health advisory and care platform intended for Healthcare Triangle product offerings, with delivery expected in 12 to 15 months and no later than Sept. 30, 2027.
  • Project budget capped at USD 3 million, with USD 200,000 contingency; overruns above USD 3.2 million require prior written approval.
  • Intellectual property for deliverables will be owned exclusively by Healthcare Triangle, with no commissions or royalties owed to SecureKloud or Blockedge.
  • Agreement recognizes outstanding advances of about USD 3.48 million to SecureKloud and about USD 345,000 to Blockedge, with future invoices eligible for offset and no further payments until advances are settled.


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