CloudMD Names Dhruv Chandra Chief Technology Officer to Accelerate Technological Advancement in Next Phase of Growth

CloudMD strengthens its commitment to innovation, exceptional customer experiences, data-driven insights, security, and compliance

VANCOUVER, British Columbia, April 10, 2023 (GLOBE NEWSWIRE) — CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), an innovative health services company transforming the delivery of care, announced the appointment of Dhruv Chandra as the Company’s new Chief Technology Officer. Dhruv will oversee and provide strategic direction to the technical and engineering teams within CloudMD. He will focus on the enhancement of the Company’s technology systems with a focus on a cloud-native, secure, and compliant architecture. Dhruv’s leadership experience coupled with his extensive cloud and security background will be harnessed across the entire CloudMD technology stack including the Kii platform to ensure a clear competitive advantage.

Dhruv has close to three decades of experience in technology transformation, risk management, data security, systems architecture, governance and compliance. He has an exemplary track record in leading transformation including as Principal Architect at Google and as Head of Governance and Compliance at RBC. Dhruv has led cross-functional teams to design, plan, implement, and govern complex technology strategies including managing cloud data risk management for some of Canada’s biggest financial institutions.

Dhruv primary responsibility will be ensuring vertical integration of technology that focuses on executing our product innovation roadmap, back-office integration, and driving our innovation agenda. He will help scale our systems to meet the increased customer demand for healthcare navigation and create a user experience that builds long-lasting relationships with users.

“Establishing a CTO role is critical to maximize our technical assets as we embark on CloudMD’s multi-year strategic growth plan,” said Karen Adams, CEO of CloudMD. “We were looking for a CTO who can push boundaries and stretch our thinking of what is possible in the delivery of healthcare.   Dhruv’s responsibilities will include developing our customer facing technology roadmap, system integration, and driving our innovation agenda. He will work with the executive team and division leaders on product development, growth strategies, R&D priorities, and development of the CloudMD innovation playbook. We are leveraging technology to make it easier for individuals to access heath care navigation that is both personalized and solves business problems such as absenteeism and disability for our customers.”

“I am excited to join CloudMD as there is an incredible opportunity to help redefine how healthcare is provided and to make a positive impact on millions of lives. I am looking forward to working with the executive team and other leaders on integrating and enhancing CloudMD’s technology capabilities,” said Dhruv Chandra, Chief Technology Officer.

Dhruv will work with the executive team to ensure CloudMD delivers on its purpose of empowering healthier lives and will report directly to Karen Adams, CEO of CloudMD.

About CloudMD Software & Services

CloudMD is an innovative North American healthcare service provider focused on empowering healthier living by combining leading edge technology with an exceptional national network of healthcare professionals. Every day, our employees and health care providers live our values of deliver excellence, collaboration, connected communication and accountability to solve complex health problems. CloudMD’ s industry leading workplace health and wellbeing solution, Kii, supports members and their families with a personalized and connected healthcare experience across mental, physical and occupation health. Kii delivers superior clinical health outcomes, consistent high engagement, and measurable ROI for payers such as employers, educational institutions, associations, government, and insurers. CloudMD is also a market leader in workplace absence management through data-driven prevention, intervention and return to work programs.

In addition, the Company sells health and productivity tools to hospitals, clinics, and other healthcare service providers to empower them to deliver better care. Visit www.cloudmd.ca to learn more about the Company’s comprehensive healthcare offerings.

“Karen Adams”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws, including statements about the Company’s growth strategy and profitability. These statements are based upon information currently available to CloudMD’s management. All information that is not clearly historical in nature may constitute forward‐looking statements. In some cases, forward‐looking statements may be identified by the use of terms such as “forecast”, “assumption” and other similar expressions or future or conditional terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward-looking statements contained in this news release are based on certain factors and assumptions made by management of CloudMD based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and CloudMD does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward‐looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in the Company’s MD&A (which is filed under the Company’s issuer profile on SEDAR and can be accessed at www.sedar.com), that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking statements. Although CloudMD has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward‐looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward‐looking statements. Accordingly, readers should not place undue reliance on forward‐looking information. CloudMD does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.

CONTACT: FOR ADDITIONAL INFORMATION, CONTACT:

Investor Relations

Investors@cloudmd.ca