QuantumNexis, a subsidiary of Healthcare Triangle Inc., has announced strategic partnerships in Malaysia, marking a significant step in its international expansion strategy. These collaborations are projected to generate approximately USD 2 million in revenue, showcasing the company's rapid market penetration and dedication to innovating mental health and digital health solutions globally. The partnerships include a notable collaboration with V-Sure Tech Sdn Bhd, Malaysia's only on-demand lifestyle digital insurer, to provide QuantumNexis's GenAI-powered integrative mental health platform, Ziloy, to small and medium-sized enterprises (SMEs).
Further expanding its reach, QuantumNexis is also working with Malaysia's leading Third-Party Administrator (TPA) to make Ziloy accessible to enterprise populations. This initiative highlights the increasing demand for intelligent healthcare solutions in Malaysia, where recent surveys reveal that 29% of the population aged 16 or older experience mental health problems. This demographic insight has been pivotal in shaping QuantumNexis's strategic focus on the region, aiming to utilize its AI-driven platforms to address the urgent need for mental wellness solutions.
Suresh Venkatachari, Chairman of QuantumNexis, underscored the company's commitment to leading the global shift towards AI-powered digital health. He stated that these partnerships are a testament to their vision of transforming healthcare delivery worldwide. Sujatha Ramesh, Chief Operating Officer of Healthcare Triangle, Inc and QuantumNexis, also pointed out how these initiatives align with HCTI's global growth strategy and the rising international demand for cutting-edge healthcare solutions.
Looking beyond Malaysia, QuantumNexis is actively exploring additional opportunities in Southeast Asia. This includes NDA-backed discussions with hospital networks for mental wellness and wound care deployments, as well as pilot planning with a psychological rehabilitation group. These efforts are integral to HCTI's overarching strategy to scale Gen AI-powered healthcare solutions across the globe, further cementing its status as a pioneer in digital transformation for the healthcare and life sciences sectors.
