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Truecaller agrees to acquire TextPlus for expansion

PRIVATEJul 17, 2026about 2 months ago

Acquiring Company

Truecaller AB

Acquired Company

TextPlus

StockholmLos AngelesCommerce and ShoppingSoftwareSales And Marketinginformation technology & servicesInformation TechnologyHardwareMobileMessagingVoip

Description

Truecaller AB has entered into an agreement to acquire 100% of shares in TextPlus Inc. for a valuation of USD 15.0 million. This acquisition enhances Truecaller's presence in the US market and broadens its communication capabilities. The complementary offerings from TextPlus, including VoIP services, align with Truecaller's mission for safer communication.

Company Information

Company

Truecaller AB

Location

56 Maester Samuelsgatan

Stockholm, Stockholm County, Sweden

About

Truecaller AB is a communications and technology company focused on enhancing mobile communication. By providing services that improve caller identification and spam detection, Truecaller aims to empower users with safer communication. The company constantly innovates to create reliable and efficient services for its users globally.

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Strategic

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired TextPlus?

TextPlus was acquired by Truecaller AB, based in Stockholm. The deal was reported on July 17, 2026. Truecaller AB is a communications and technology company focused on enhancing mobile communication. Truecaller AB is privately held and operates in Commerce and Shopping.

When did Truecaller AB acquire TextPlus?

Truecaller AB's acquisition of TextPlus was reported on July 17, 2026. Truecaller AB has entered into an agreement to acquire 100% of shares in TextPlus Inc. for a valuation of USD 15.0 million. This acquisition enhances Truecaller's presence in the US market and broadens its communication capabilities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TextPlus do?

TextPlus Inc. is a US-based communications technology company that specializes in cloud-based voice, messaging, and connectivity services. It is privately held, operating in Information Technology, and is based in Los Angeles.

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