Truli Technologies signs LOI to acquire

Truli Technologies Inc. announced Monday it has signed a letter of intent to acquire Inc.

Truli Technologies, based in Jersey City, is a development stage technology company which specializes in tech hiring software through its wholly-owned subsidiary VocaWorks Inc. is a marketplace platform for professional hiring.

Upon the deal closing, Truli said it plans to change its corporate name to and update its ticker symbol and corporate branding. will receive shares of a new series of Truli’s preferred stock, which will be convertible into 775 million shares of Truli common stock.

“Signing this understanding is another key step forward for Truli, as we continue to execute on our plan to grow our recruitment technology business,” said Miles Jennings, CEO of Truli. “ is a well-known recruitment brand with an exciting technology platform. We are excited by the prospect of joining together, and are confident that this transaction will help build sustainable, long-term shareholder value assuming it closes.”

It is expected that Jennings will continue as CEO of Truli if the merger is completed.

“We are pleased to take the next step forward with Truli. Greater access to capital, long-term investors, and strong management and leadership will help unlock its potential as a leader in professional recruitment,” Michael Woloshin, CEO of, said.