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

Event summary

Truecaller completed the acquisition of TextPlus Inc. on September 10, 2026, for $15 million on a cash- and debt-free basis.
TextPlus, a US-based communications technology company, has approximately 1.5 million monthly active users and 14 employees.
TextPlus will continue to operate as a separate company and brand but will be consolidated into Truecaller as of September 9, 2026.
The acquisition aims to expand Truecaller's footprint in the US and broaden its capabilities with second numbers and VoIP services.

The big picture

Truecaller's acquisition of TextPlus aligns with its strategy to become a comprehensive communications platform. The deal underscores the growing trend of consolidation in the communications technology sector, particularly as companies seek to expand their service offerings and user bases. With a valuation of $15 million, the acquisition is a modest but strategic move for Truecaller, aiming to enhance its capabilities in second numbers and VoIP services.

What we're watching

Integration Strategy: How Truecaller will integrate TextPlus's operations while maintaining its separate brand identity.
User Growth: Whether TextPlus's user base will grow under Truecaller's ownership and contribute to Truecaller's overall user metrics.
Market Expansion: The pace at which Truecaller can leverage TextPlus's capabilities to strengthen its position in the US market.