NIIT Technologies Ltd. may buy a company or a software product to help it get outsourcing contracts from the global healthcare industry, its chief financial officer, Pratibha Advani, said.

The plan comes as Indian technology companies eye opportunities from increased U.S. spending to digitize healthcare records, a potential investment spree that would help offset the impact of the global economic downturn, when clients cut spending and sought lower rates.

New Delhi-based NIIT Technologies–which currently gets business from the banking, financial services, insurance, travel and transportation, and retail industries–will unveil its strategy for the healthcare segment in early 2011, Ms. Advani said in a recent interview with Dow Jones Newswires.

NIIT Technologies had about 1.56 billion rupees ($35.2 million) in cash at the end of September and may use some of that for an acquisition, Ms. Advani said, adding that the company’s experience in the insurance sector will help it in healthcare as both are closely linked.

She didn’t elaborate on the company’s strategy.

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