Securekloud's Healthcare Triangle to debut in Singapore; stock up by ~2%

26 Jul 2022 , 12:47 PM

Securekloud Technologies Limited’s Healthcare Triangle Inc., a leading provider of cloud transformation, managed services, and data analytics platforms for healthcare and life sciences, announced its launch in Singapore with the goal of bolstering digital healthcare in the city-state and throughout the Asia Pacific (APAC).

Healthcare Triangle expects to invest up to USD 25 million in Singapore over the next five years, creating over 500 jobs.

The event was presided over by Guest of Honor P. Kumaran, the High Commissioner of India, and other dignitaries.

The APAC region is currently seeing an increase in the adoption of virtual healthcare, with increasing investments in the digitalization of healthcare institutions hastening the adoption of digital health platforms.

Because of the rise of artificial intelligence, IoT, and Big Data in healthcare, the region’s digital health market, which was valued at USD 40.3 billion in 2021, is expected to grow to USD 326.7 billion by 2030 at a CAGR of 26.5%. As a result, Healthcare Triangle’s entry into the region couldn’t come at a better time.

The company’s joint venture expansion into the region is expected to spur further innovation and strengthen Singapore’s position as a medical innovation hub. They hope to use their experience working in the developing healthcare technology industry in the United States to assist healthcare companies in scaling their digital solutions and innovation in the region.

At around 12.48 PM, Securekloud was trading 1.85% higher at Rs77.20 against previous close of Rs75.80 on NSE. So far, it hit intraday high of Rs77.50 and a 52-week low of Rs75.10.