Truecaller enters into an agreement to acquire US-based TextPlus Inc.

Truecaller AB, a leading global platform for safe and trusted communication, has announced its agreement to acquire TextPlus Inc., a US-based communications software company, for a total purchase price of USD 15 million. The acquisition, which is expected to be completed in the third quarter of 2026, is contingent upon customary regulatory approvals. Truecaller plans to finance the deal using its own funds, signaling a strategic investment in expanding its footprint in the US communications market.

TextPlus, founded in 2009 and headquartered in Los Angeles, offers a flexible and cost-effective alternative to traditional wireless carriers through its cloud-based voice, messaging, and connectivity services. The company has built a substantial user base, boasting approximately 1.5 million monthly active users who utilize its platform for VoIP calls and SMS messaging. TextPlus has demonstrated robust financial performance, with adjusted net revenue reaching USD 5.2 million for the twelve-month period ending May 2026, reflecting a compound annual growth rate of about 45% since 2023.

The strategic rationale behind Truecaller’s acquisition of TextPlus lies in the complementary strengths of both companies. By integrating TextPlus’s offerings, Truecaller aims to enhance its capabilities in the US market, particularly in providing services such as second numbers and internet-based calling. This acquisition not only allows for cross-selling opportunities but also facilitates knowledge sharing across Truecaller’s existing Android and iOS platforms. The merger is expected to optimize user acquisition strategies and introduce innovative use cases, such as business-focused number solutions, thereby driving growth and value for both entities.

The acquisition aligns with broader sector dynamics, as the demand for alternative communication solutions continues to grow amid increasing competition from traditional telecom providers. As consumers seek more cost-effective and flexible communication options, companies like Truecaller and TextPlus are well-positioned to capitalize on this trend. The merger is anticipated to strengthen Truecaller’s position in the market, allowing it to leverage TextPlus’s established infrastructure and user base to further penetrate the US communications landscape.

Overall, this acquisition reflects Truecaller’s commitment to building a comprehensive communications platform while enhancing its competitive edge in the rapidly evolving telecommunications sector. As the integration progresses, the combined capabilities of Truecaller and TextPlus may set a new standard for user experience in mobile communication, fostering innovation and trust in an increasingly digital world.