Devcool Inc completes spin-off of HiPaaS Inc - its next generation healthcare cloud platform business

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Devcool Inc, a premier Healthcare consulting and managed services company, announced today that it has completed its spin-off of HiPaaS, Inc.

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“With HiPaaS Inc, companies can lay the base foundation to quickly deliver new solutions using machine learning, AI and data lake technologies." said Sandeep Deokule, CEO of Devcool and HiPaaS.

Devcool Inc (http://www.devcool.com ), a premier Healthcare consulting and managed services company, announced today that it has completed its spin-off of HiPaaS, Inc (http://www.hipaas.com ). HiPaaS Inc will focus on delivering next generation Healthcare technology cloud products, while Devcool Inc continues its growth and focuses on Healthcare consulting services.

With HiPaaS, companies can redesign their healthcare infrastructure in an effective and efficient manner. HiPaaS is a HIPAA compliant interoperability cloud platform to enable EDI, HL7, FHIR, SMART on FHIR, or custom Integrations using APIs.

"The spin-off of HiPaaS helps us to better focus on healthcare technology innovation and deliver next generation cloud products to solve real healthcare problems. HiPaaS platform brings new technologies like iPaaS, Python, React, DevOps, Kafka and Neo4j to the aging healthcare infrastructure. Our investment in the platform will continue to generate tremendous value for customers.” said DevCool Inc Founder and Chief Executive Officer Sandeep Deokule. “With HiPaaS Inc, companies can lay the base foundation to quickly deliver new solutions using machine learning, AI and data lake technologies. We have lot more ground to cover and this spin-off will help us to operate HiPaaS as a Silicon Valley startup.”

With recent business wins, HiPaaS Inc has a strong revenue outlook and significant opportunity to create value in healthcare cloud computing market space. It is projected that this market would be USD 51.9 billion by 2024.

Devcool will continue to support their clients who are currently using HiPaaS until they can ensure a smooth handover to HiPaaS Inc. Sandeep Deokule will continue as CEO of both companies supported by experienced leadership teams, well suited to lead these organizations on their journeys.

For more information, visit http://www.hipaas.com or visit the company on Twitter and LinkedIn.

Contacts – sales@hipaas.com, resumes@hipaas.com and investors@hipaas.com

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Sandeep Deokule
HiPaaS Inc
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since: 09/2016
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