Truecaller Acquires TextPlus for $15M to Expand US Communications Footprint — Truecaller AB (publ)

Event summary

Truecaller AB agrees to acquire 100% of TextPlus Inc. for $15M (cash and debt-free).
TextPlus operates a US-based cloud communications platform with 1.5M monthly active users.
Acquisition expected to close in Q3 2026, financed with Truecaller's own funds.
TextPlus generated $5.2M in adjusted net revenue for the year ending May 2026 (45% CAGR since 2023).
Deal expands Truecaller’s US presence and adds VoIP capabilities to its communications platform.

The big picture

Truecaller’s acquisition of TextPlus reflects a strategic push to consolidate its position in the US communications market, where demand for affordable, app-based alternatives to traditional carriers is growing. The deal aligns with broader industry trends toward digital transformation in telecom, particularly as consumers and businesses increasingly rely on cloud-based solutions. With TextPlus’s profitable growth trajectory (45% CAGR) and Truecaller’s global scale, the combined entity could challenge incumbent telcos by offering integrated, trust-focused communication services.

What we're watching

Integration Challenges: How Truecaller will merge TextPlus’s lean team and US-focused operations with its existing global platform.
Market Penetration: Whether the acquisition accelerates Truecaller’s shift toward becoming a comprehensive communications provider in the US.
Revenue Synergies: The pace at which cross-selling opportunities between Truecaller and TextPlus drive incremental growth.