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Healthcare Triangle Creates “Purpose Health” to Monetize AI Demand and Accelerate Shareholder Returns

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Names Veteran Health Tech & AI Services Leader Sumit Ganguli as Chairman & CEO to Fuel Multi-Year Recurring Revenue Growth Across a Multi-Billion-Dollar Healthcare AI Market

PLEASANTON, Calif., July 27, 2026 /PRNewswire/ — Healthcare Triangle, Inc. (NASDAQ: HCTI), a healthcare and life sciences technology company enabling digital transformation through cloud, data, artificial intelligence, and security solutions, today announced that proven industry executive Sumit Ganguli has been appointed Chairman and Chief Executive Officer of Purpose Health, Inc., HCTI’s wholly owned, AI-led healthcare technology services subsidiary.

Ganguli brings an established track record of building elite technology and healthcare businesses and scaling revenues deep into the hundreds of millions of dollars.

Capitalizing on High-Margin Recurring Revenue Models

Purpose Health focuses on the U.S. and International healthcare markets, building AI infrastructure, Agentic AI & Healthcare solutions for providers, payors, life sciences & med-tech clients through advanced data management, cloud-enabled platforms and security solutions. Purpose Health expands HCTI’s core footprint by shifting engagement models toward client centric, high-productivity, AI led IT managed services and strategic joint ventures. This capital-efficient structure optimizes asset value for HCTI equity holders by targeting multi-year recurring revenue streams. The subsidiary is actively focusing on developing competency partnerships with leading Electronic Health Record (EHR) vendors, global hyperscale cloud providers, and AI market leaders.

“AI is rapidly transforming how healthcare is delivered, and providers, payors, life science & med-tech clients need a partner who understands both the technology and the operational realities of running a healthcare focused organization,” said Sumit Ganguli, Chairman and Chief Executive Officer of Purpose Health. “I am excited to build on Healthcare Triangle’s healthcare foundation and lead the domain centric team to deliver measurable, AI-driven value for our clients — grounded in the same principles of Respect, Integrity, Trust, and Empathy toward my clients, colleagues and investors, that have guided my career. I look forward to leading a Purpose-driven team.”

Executive Validation and Market Readiness

“Sumit’s track record of building and scaling technology services businesses focused on healthcare makes him the right leader to guide Purpose Health’s next chapter,” said David Ayanoglou, Chief Financial Officer of Healthcare Triangle. “His deep domain expertise and relationships across the healthcare ecosystem and ability to lead purposeful teams will accelerate our ability to deliver repeatable AI – led solutions and outcome-oriented partnerships to providers, payors, life science & med-tech clients in the US & internationally.”

Proven Enterprise Scale and Execution

Mr. Ganguli brings over three decades of international experience scaling IT and healthcare technology organizations across the U.S., Europe, and Asia.

Revenue Growth: As the President & CEO of a Healthcare & Technology focused company, from 2009 to 2024, he organically and inorganically scaled the business 18 – fold to approximately $ 175 M, transforming a small IT services firm into a global AI and Healthcare focused firm, with multi-year engagements with key healthcare Providers, Payors & Life Sciences clients. Mr. Ganguli grew the organization to almost four thousand colleagues, across multiple geographies. Enterprise Accounts: Personally directed multi-year, transformational healthcare client engagements valued between $25 million and $300 million. Established a JV with a leading Healthcare company to provide long term solutions to Healthcare Providers.Board Leadership: Most recently served as Vice Chairman and Board Member of the Healthcare & Technology focused IT Services firm from October 2024 to July 2026.AI tools: Worked with his team and India’s leading Technology University, Indian Institute of Technology, Madras and built and deployed Reinforced Learning based AI Monitoring & Operations tool at multiple clients.

Dr. Ganguli holds a Doctorate in Business Administration from Le Bow College of Business, Drexel University, where he researched the impact of national culture on firm culture and innovation. He serves as Vice President of the Corporate and Executive Council at Le Bow College of Business. He is an alumnus of Harvard Business School (OPM 52), NYU Stern School of Business, and IIM Calcutta, and holds a degree in Electrical Engineering from MS University of Baroda. He has served as an Adjunct Professor at Rutgers University and has spoken at leading healthcare industry forums. He is a contributing author to the award-winning book Success Breakthroughs with Jack Canfield.

About Healthcare Triangle, Inc. (NASDAQ:HCTI)

Healthcare Triangle, Inc. is a leading provider of cloud, data, artificial intelligence, and cybersecurity solutions tailored specifically for the healthcare and life sciences industries. HCTI enables digital transformation to improve health outcomes, optimize clinical workflows, and lower costs while maintaining rigorous regulatory compliance and data security.

About Purpose Health, Inc.

Purpose Health, Inc., a wholly owned subsidiary of Healthcare Triangle, Inc., is an AI-led healthcare technology services firm dedicated to building next-generation digital infrastructure, Agentic AI solutions & Healthcare solutions for U.S. & International Healthcare providers, payors, life sciences & med-tech clients. Through strategic partnerships with leading Healthcare Solution companies and AI led solutions, Purpose Health delivers scalable, high-productivity managed services and point solutions to the healthcare sector.

Forward-Looking Statements

This press release contains “forward-looking statements,” which are statements related to events, results, activities or developments that HCTI expects, believes or anticipates will or may occur in the future. Forward-looking statements often contain words such as “intends,” “estimates,” “anticipates,” “hopes,” “projects,” “plans,” “expects,” “seek,” “believes,” “see,” “should,” “will,” “would,” “target,” “aims” and similar expressions and the negative versions thereof. Such statements are based on HCTI’s experience and perception of current conditions, trends, expected future developments and other factors it believes are appropriate under the circumstances and speak only as of the date made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market acceptance of AI infrastructure solutions, client adoption rates, and general economic conditions. Actual results could differ materially from those anticipated. Healthcare Triangle undergoes no obligation to update any forward-looking statements to reflect new information, events, or circumstances after the date of this release. Forward-looking statements are inherently uncertain, and actual results may differ materially from assumptions, estimates or expectations reflected or contained in the forward-looking statements as a result of various factors. For details on the uncertainties that may cause actual results to be materially different than those expressed in forward-looking statements, please review the Company’s Annual Report on Form 10-K and other reports on file with the Securities and Exchange Commission at www.sec.gov, particularly the information contained in the section entitled “Risk Factors.” The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect new information or future events or otherwise, except as required by law.

Investor Relations & Capital Markets Contact:
Healthcare Triangle, Inc. (NASDAQ: HCTI)
1-800-617-9550
ir@healthcaretriangle.com 

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SOURCE Healthcare Triangle, Inc.

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Catapult Becomes First Music Distributor to Integrate AI Disclosure Directly into Distribution Platform

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Catapult today announced it has become the first music distributor to embed mandatory AI disclosure fields into its distribution platform. Artists and labels uploading new releases must now indicate whether any element of the project such as cover art, sound recording, composition, or the artist identity itself was generated or substantially assisted by artificial intelligence.

FRISCO, Texas, July 27, 2026 /PRNewswire-PRWeb/ — Catapult today announced it has become the first music distributor to embed mandatory AI disclosure fields into its distribution platform. Artists and labels uploading new releases must now indicate whether any element of the project such as cover art, sound recording, composition, or the artist identity itself was generated or substantially assisted by artificial intelligence.

“By giving artists and labels a simple, transparent way to disclose AI use at the point of delivery, we protect intellectual property, keep releases fully compliant with store guidelines, and help expand the overall market for creators who choose to work with these new tools.”

When submitting content, artists are prompted at every relevant section to answer whether that specific data was AI-generated. Clear yes/no disclosure questions appear next to cover art uploads, sound recording details, composition information, and artist identity fields, making the process straightforward and impossible to overlook.

The update arrives as a growing number of digital music stores and streaming platforms are beginning to require clear disclosure of AI involvement. By building the requirement into the submission workflow itself, Catapult ensures every release it delivers already meets current and emerging platform rules. Failure to accurately disclose AI use can result in music being removed or taken down from stores and streaming services. Honesty is therefore the best policy to both protect the artist’s release and to maintain long-term access to the platforms that drive revenue.

“AI is still in its early days in the music industry, but the volume of AI-assisted submissions is rising quickly,” said Caleb Carruth, founder of Catapult. “We decided to lead rather than follow. By giving artists and labels a simple, transparent way to disclose AI use at the point of delivery, we protect intellectual property, keep releases fully compliant with store guidelines, and help expand the overall market for creators who choose to work with these new tools.”

The company emphasized that the new disclosure fields are designed to support, not restrict, artists. Creators who use AI for artwork, composition assistance, vocal generation, or other elements can now declare that use accurately and move forward with confidence that their releases will be accepted by the platforms that increasingly demand such transparency.

Catapult views the feature as part of a broader commitment to growing the total opportunity for independent artists while maintaining the integrity of the music marketplace. By staying ahead of platform requirements, the distributor aims to reduce friction for its clients, safeguard intellectual-property rights, and ultimately help artists generate more revenue in an evolving landscape.

Catapult is an independent music distribution service that delivers releases to major streaming platforms and digital stores worldwide on behalf of artists and labels. Founded in 1997, the company focuses on accurate metadata, artist support, and practical tools that help creators navigate a rapidly changing industry.

For more information, visit https://www.catapultdistribution.com

Media Contact

Caleb Carruth, Catapult, 1 8448954236, inquiries@catapultdistribution.com, https://www.catapultdistribution.com/

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Modern Corrections Runs on Connected Infrastructure: Securus Technologies Advances the Future of Connected Corrections at ACA

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For more than 30 years, Securus has helped correctional agencies modernize operations through purpose-built technology that strengthens safety, efficiency, visibility, and outcomes.

PLANO, Texas, July 27, 2026 /PRNewswire/ — Correctional agencies today face increasing pressure to improve safety, strengthen investigations, expand programming, and operate more efficiently amid persistent staffing and budget challenges. At the American Correctional Association (ACA) 156th Congress of Correction and Correctional Exposition, July 30–August 2 in Pittsburgh, Securus Technologies will engage correctional leaders on how connected technology infrastructure can reduce complexity, improve operational performance, strengthen safety, and support better outcomes.

For more than 30 years, Securus has helped agencies modernize communications, investigations, operations, and programming through technology built specifically for correctional environments. Its integrated platform brings together communications, mobility, investigative intelligence, education, and operational insights in a connected ecosystem designed to help agencies operate more efficiently and effectively.

Backed by national scale, deep workflow integration, and decades of corrections expertise, Securus helps agencies modernize with confidence. Continued investment in secure infrastructure and innovation enables the company to support correctional environments ranging from local facilities to some of the nation’s largest systems while delivering the operational reliability agencies depend on.

Visit Securus at Booth 1119.

Technology Has Become Operating Infrastructure

Correctional technology has become essential operational infrastructure. Beyond communications, agencies increasingly rely on connected networks, devices, intelligence tools, education platforms, and operational systems to improve safety, efficiency, accountability, and outcomes.

As demands grow around staffing, visibility, and reentry, agencies need technology that works as a unified ecosystem rather than a collection of standalone products. Built specifically for correctional environments, Securus combines purpose-built infrastructure, integrated platforms, and deep corrections expertise to help agencies modernize with confidence and support their evolving needs over time.

One Ecosystem. Built Around How Facilities Actually Operate.

As corrections leaders come together at ACA, Securus provides firsthand insight into how a connected corrections ecosystem helps agencies modernize the core functions that drive facility performance, from communications and officer mobility to investigative intelligence, education, and operational visibility.

Featured demonstrations include:

EVOTAB® Tablets: A purpose-built corrections technology platform that transforms fragmented services into modern, connected infrastructure. Built on flexible LTE, Wi-Fi, and hybrid deployment models, EVOTAB enables secure access to communications, education, workforce development, and rehabilitative programming while helping agencies simplify administration, expand access to services, and modernize operations. Partner facilities have reported a 22% reduction in infractions following secure tablet deployment.Officer T80: A secure mobile device purpose-built for corrections professionals that consolidates critical staff tools into a single platform, helping officers access information more efficiently, reduce administrative burden, and respond more effectively in dynamic operating environments.OmniLens® Investigative Intelligence: A unified intelligence platform that brings together communications, investigative insights, and risk indicators to help agencies identify threats earlier, strengthen investigations, improve coordination, and support more informed operational decisions.Securus One: The secure infrastructure layer that connects communications, intelligence, operational workflows, and daily services across the correctional environment. By integrating people, services, and systems into a single platform, Securus One helps agencies reduce complexity, improve visibility, and create a scalable foundation for future innovation.

These solutions move agencies beyond fragmented technologies and disconnected vendors toward a more connected operating environment. Because they are designed to work together on a common infrastructure, agencies gain greater visibility, reduce operational complexity, and create a more scalable foundation for future modernization.

Secure Connectivity Built Around Agency Needs

Because no two correctional environments are alike, Securus offers flexible deployment models, including LTE, Wi‑Fi, and hybrid solutions, that align with each agency’s infrastructure, security requirements, and operating environment. Whether serving a county jail or a statewide system, Securus helps agencies expand secure access, improve visibility, and modernize on their terms.

Visibility That Drives Better Decisions

Safety, accountability, and operational performance depend on timely, actionable insight. Securus embeds visibility into everyday workflows, helping administrators and investigators monitor activity, identify risks, strengthen investigations, and make more informed decisions.

The result is greater operational awareness, stronger outcomes, and more efficient use of resources across the facility.

“For more than three decades, Securus has helped agencies modernize how facilities operate. Today, we are helping shape the future of connected corrections by bringing secure communications, mobility, investigations, programming, and operational intelligence into one integrated ecosystem designed around each agency’s needs,” said Kevin Elder, Interim CEO & President, Securus Technologies. “Our scale allows us to continually invest in the infrastructure, security, innovation, and operational expertise that help agencies modernize with confidence. As technology becomes increasingly central to safety, operations, and rehabilitation, we remain focused on helping customers build safer, more efficient, and more adaptable environments that can evolve alongside the needs of modern corrections.”

About Securus Technologies

Securus Technologies, an Aventiv company and the industry leader, equips more than 1,800 correctional agencies with a comprehensive portfolio of technology solutions that enhance public safety and optimize facility operations. Securus helps agencies bring communications, intelligence, mobility, education, monitoring, and operational visibility together in one integrated ecosystem that improves safety, efficiency, and outcomes. Through purpose-built infrastructure, extensive corrections expertise, and continuous investment in innovation, Securus helps agencies modernize how corrections work while supporting successful reentry and stronger communities.

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Tri Lite, Inc. Welcomes Aron S. Ruben to Lead Business Development and Account Management

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CHICAGO, July 21, 2026 /PRNewswire/ — Tri Lite, Inc., a leading designer and manufacturer of specialty lighting and electrical products for the material handling and safety markets, today announced the appointment of Aron S. Ruben as Business Development & Account Manager.

In this role, Ruben will be responsible for cultivating new business relationships, strengthening existing dealer, distributor, and OEM partnerships, and driving growth across Tri Lite’s line of loading dock lights, warning lights, beacons, portable task lights, and MARS safety products. He will work closely with Tri Lite’s sales and operations teams to identify new opportunities and ensure that customers continue to receive the responsive, high-quality service on which the company has built its reputation.

“What excites me most is the opportunity to join a company with real history, trusted products, and a strong foundation for continued growth,” said Ruben. “Tri Lite has a respected name in industrial lighting, dock safety, warning lights, signaling solutions, and MARS safety products, and I’m excited to help build on that legacy with energy, creativity, and a customer-first approach.”

Ruben added that his focus will be on building long-term, results-driven relationships with customers. “I plan to help customers succeed by being proactive, responsive, and highly engaged,” he said. “My goal is to understand each customer’s business, what products they rely on, what challenges they face, and where Tri Lite can help them operate more efficiently, serve their customers better, or identify new opportunities.”

“My approach is simple: listen first, follow through, and build trust through consistent action,” Ruben said. “I believe strong customer relationships are earned over time by being reliable, honest, responsive, and genuinely invested in the customer’s success.”

Ruben brings a diverse background to business development, shaped by sales, operations, marketing, and branding experience across a wide range of industries — from maritime fishing and seafood export to entertainment marketing and film and television production to leadership roles in the medicinal and recreational cannabis industry across multiple states. That range has taught him how to step into fast-moving markets, quickly understand customers, build relationships, solve problems, and create momentum from the ground up. His background also reflects a multicultural, international perspective, shaped by his education and work across the United States, Iceland, Italy, and Europe, which has made him adaptable, curious, and comfortable working across different industries, cultures, and business environments.

Founded in 1987, Tri Lite has grown into an industry leader known for durable, American-made lighting and electrical solutions used on loading docks, forklifts, emergency vehicles, and in industrial facilities worldwide. The company’s products are sold globally through a network of dealers, distributors, and original equipment manufacturers.

About Tri Lite, Inc.

Tri Lite, Inc. is a leading designer and manufacturer of specialty lighting and electrical products for the material handling and safety markets. Founded in 1987, the company is committed to product innovation, customer satisfaction, and environmental responsibility, offering dock lights and signals, warning lights, back-up alarms, and sirens that are made in the U.S.A. and sold globally. For more information, visit www.triliteinc.com.

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