en.Wedoany.com Reported - Swedish telecom technology company Truecaller signed an agreement on July 17, 2026, to acquire all equity of US communication software company TextPlus Inc. The acquisition is valued at $15 million on a cash and debt-free basis, funded from the company's own resources. Upon completion, Truecaller will expand its presence in the US market and add features such as second numbers and internet-based calling, further advancing toward a comprehensive communication platform.
Founded in 2009 and headquartered in Los Angeles, USA, TextPlus provides cloud-based voice, messaging, and connectivity services through its proprietary mobile platform. The company offers users a flexible and cost-effective alternative to traditional wireless carriers, with its platform supporting VoIP calls, SMS messaging, and data network access. TextPlus has approximately 1.5 million monthly active users and focuses on providing affordable communication solutions for consumers. Financial data shows that in the 12 months ending May 2026, its adjusted net revenue was $5.2 million, with a compound annual growth rate of approximately 45% since 2023 and strong profitability. The company currently has 14 employees.
Truecaller CEO Rishit Jhunjhunwala stated that the TextPlus team has built a service that helps people improve communication, aligning with Truecaller's philosophy, and the two parties will join forces to deliver communication services in a secure and trustworthy manner. TextPlus CEO and founder Scott Lahman noted that telecom only works when users trust it, and both companies are committed to achieving safer and more reliable communication.
From a strategic perspective, this acquisition will unlock Truecaller's expansion potential in the US. The two parties will leverage their respective strengths to optimize user acquisition and introduce new use cases—such as business-oriented number solutions—through cross-selling in key markets, promoting knowledge sharing across Android and iOS platforms, and expanding proven technologies to new regions. The acquisition helps Truecaller enhance its capabilities, bringing it closer to becoming a comprehensive communication platform. TextPlus can solidify its position in the US market as an alternative to consumer telecom and mobile virtual network operators. Both companies share a product-centric culture and are committed to sustainable profitable growth.
The acquisition is subject to customary regulatory approvals and closing conditions, and is expected to be completed in the third quarter of 2026. During the acquisition process, DNB Carnegie Investment Bank AB served as financial advisor to Truecaller, Squire Patton Boggs (US) LLP as legal advisor, and KPMG as financial and tax due diligence advisor. TextPlus's legal advisor is Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP, and The Raine Group served as its exclusive financial advisor.
Truecaller (TRUE B) is a global secure and trusted communication platform dedicated to building trust in communication, with over 500 million active users. It has been listed on Nasdaq Stockholm since October 8, 2021.
