Healthcare Triangle (NASDAQ: HCTI) signs advance agreement to acquire AI engagement firms

Healthcare Triangle, Inc. (NASDAQ: HCTI) entered into an advance agreement with Teyame AI LLC to acquire Spanish companies Teyame 360 SL and Datono Mediacion SL, which operate AI-powered customer experience solutions.

The proposed transaction involves up to approximately $50 million in total consideration, combining cash, company stock shares, non-voting convertible preferred stock, and contingent earnout-based equity consideration. The parties target a first quarter 2026 closing, subject to a definitive purchase agreement, due diligence completion, shareholder approval, and other standard closing conditions.

Healthcare Triangle expects the acquired assets to generate approximately $34 million in incremental annual revenue and $4.2 million in incremental EBITDA for fiscal year 2025, based on financial information received from Teyame.

“The transaction will bring real world lived experience of Agentic Gen AI and is about to change the game for HCTI. It’s where the rubber meets the road in AI,” said David Ayanoglou, chief financial officer of Healthcare Triangle.

The Madrid-based assets currently serve banking and insurance clients while piloting healthcare applications. Their technology includes chatbot automation, multilingual patient engagement tools, and real-time analytics capabilities.