Penny IT Stock: Company Completes Strategic Acquisition of Niyama Healthcare and Ezovion Solutions
The stock is up by 46.7 per cent from its 52-week low of Rs 16.37 per share.
Healthcare Triangle, Inc. (HCTI), a subsidiary of SecureKloud Technologies Ltd. and a leader in digital transformation for healthcare and life sciences, announced on June 16, 2025, the successful completion of a strategic acquisition. Through its wholly-owned subsidiary QuantumNexis, HCTI acquired the business and assets of Niyama Healthcare, Inc., a mental health SaaS platform, and a 100% equity stake in Ezovion Solutions Private Limited, a hospital information systems provider. This acquisition significantly bolsters HCTI's global presence and expands its digital healthcare offerings, particularly in the mental health and hospital information system (HIS) markets across India, Southeast Asia, and Europe.
Under the terms of the agreement, HCTI has gained Niyama’s Mental Health SaaS platform, including its intellectual property, existing contracts, and key personnel. The transaction also grants HCTI complete ownership of Ezovion Solutions Pvt. Ltd., a company recognized for its integrated Hospital Information System (HIS) and Electronic Health Records (EHR) solutions. The total consideration for this acquisition amounts to USD 5.7 million, structured with a USD 1.5 million cash payment (of which USD 1.2 million was paid at closing), USD 3 million in restricted common stock of HCTI, and up to USD 1.2 million in earn-out payments contingent on first-year financial performance.
This strategic move is expected to add both strategic and financial value to HCTI, expanding its product offerings into high-growth segments like mental health and specialty care with scalable SaaS solutions. It will also enhance HCTI's AI and cloud-first architecture through the integration of Niyama's and Ezovion's platforms, adding recurring revenue streams from new subscription-based offerings. Furthermore, the acquisition strengthens HCTI's technology backbone, brings in high-quality talent, and creates immediate cross-selling opportunities across HCTI’s existing customer base. During the transition period until August 15, 2025, Niyama will continue to support operational continuity while full integration into HCTI systems proceeds.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
About the Company
SecureKloud Technologies Ltd, founded in 1985, delivers enterprise cloud transformation services. They provide digital transformation solutions, including managed services, cloud enablement, cybersecurity, and AI-powered data analytics, serving Health Systems, Life Science Companies, and Enterprises. Key platforms include CloudEdge (managed cloud foundation), DataEdge (AI engineering), Neutral Zone (data collaboration), and Blockedge (blockchain management).
The company has a market cap of Rs 80.2 crore. On Tuesday, shares of SecureKloud Technologies Ltd plunged 2.04 per cent to Rs 24 per share from its previous closing of Rs 24.50 per share. The stock is up by 46.7 per cent from its 52-week low of Rs 16.37 per share.
Disclaimer: The article is for informational purposes only and not investment advice.