Truli Technologies and Recruiter.com announce merge and acquisition of Genesys Talent

Truli Technologies, Inc., a development stage technology company specializing in recruitment software, has recently announced the closing of a private placement financing and the successful completion of a merger transaction and an asset purchase. Truli has acquired Recruiter.com, Inc., a recruitment technology platform, in a subsidiary merger transaction whereby Recruiter.com became a wholly-owned subsidiary of Truli. Simultaneously with the completion of the merger, Truli purchased certain specialized recruiting assets of Genesys Talent, LLC. Genesys will continue to own and develop its disruptive candidate sourcing and engagement technology, MatchList. Going forward, the Company intends to effect a name change from Truli Technologies, Inc. to Recruiter.com Group, Inc.

In connection with the merger and the asset purchase, Rick Roberts, who had previously served as President of Genesys, was appointed President of the Recruiting Solutions division of the Company, and Ashley Saddul, who had previously served as the Chief Technology Officer of Recruiter.com, was appointed the Chief Technology Officer of the Company.

Miles Jennings will continue as the Chief Executive Officer of the Company. Michael Woloshin, the founder and former CEO of Recruiter.com, will act as the Company’s independent business development consultant.

In addition, the Company increased the size of its Board of Directors and Evan Sohn, who had previously served as the special consultant to Truli in connection with the merger, was appointed to the Board of Directors as Executive Chairman. The Board of Directors has also appointed Tim O’Rourke, designated by Genesys in connection with the asset purchase, as a director of the Company.

“Completing these two acquisitions is a major achievement and step forward for the Company,” said Miles Jennings, CEO of Truli. “Recruiter’s exceptional brand and exciting technology platform will help the Company scale up quickly and capitalize on the massive demand for professional hiring. We’re also very excited to add Rick Roberts as President of the Recruiting Solutions division, Tim O’Rourke to our Board of Directors, the experienced team from Genesys Talent, and their roster of enterprise clients.”

Rick Roberts comes to the Company from Genesys Talent, with over 20 years of achievements driving corporate performance by expertly aligning team development and revenue goals with corporate objectives. Prior to leading Genesys Talent as President, he was President of the Willis Group, Regional Vice President of Modis, a division of Adecco, and Director at Ibase Consulting. Tim O’Rourke, Managing Director of ICON Information Consultants, a top provider of human capital solutions, consulting, payroll and professional services, and a shareholder of Genesys Talent, will join Truli’s Board of Directors. ICON has earned recognition as the largest women-owned business in the Houston area, with hundreds of millions of dollars in yearly revenue.

“Recruiter.com is one of the best-known recruitment brands with an impressive technology offering. We are excited to join forces and look forward to addressing the immediate need for qualified mid to senior level candidates,” said Rick Roberts. “We are confident that our vision of a centralized recruiting platform will drive tremendous growth and value for our clients and shareholders.”

Michael Woloshin commented: “Following the merger with Truli, Recruiter.com is on its way to becoming a powerful recruiting industry leader. I look forward to seeing its continued development and growth in the months and years ahead.”

SOURCE Truli Technology

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