Truecaller completes the acquisition of TextPlus Inc.
Truecaller (TRUBF) completed its previously announced acquisition of 100% of the shares in US-based TextPlus on 10 September 2026, at a purchase price corresponding to a cash- and debt-free valuation of USD 15.0 million.
Rhea-AI Summary
Truecaller (TRUBF) completed its previously announced acquisition of 100% of the shares in US-based TextPlus on 10 September 2026, at a purchase price corresponding to a cash- and debt-free valuation of USD 15.0 million.
The deal expands Truecaller’s footprint in the US and broadens its communications platform with complementary offerings such as second phone numbers and internet-based (VoIP) calling.
TextPlus will continue to operate as a separate company and brand, and will be consolidated into Truecaller as of 9 September.
Founded in 2009 and headquartered in Los Angeles, TextPlus provides cloud-based voice, messaging and connectivity services via its mobile platform, serving approximately 1.5 million monthly active users with a team of 14 employees.
Positive
- Acquisition completed of 100% of TextPlus shares on 10 September 2026
- Deal value implies USD 15.0 million cash- and debt-free valuation
- US expansion and added services such as second numbers and VoIP calling
- TextPlus user base of about 1.5 million monthly active users to be consolidated
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
STOCKHOLM, Sept. 11, 2026 /PRNewswire/ -- On the 10th of September Truecaller AB (publ) ("Truecaller" or the "Company") completed the previously announced acquisition of TextPlus Inc. ("TextPlus") (the "Acquisition"). The Acquisition increases Truecaller's footprint in the US and brings the Company closer to a comprehensive communications platform by broadening its capabilities with complementary offerings such as second numbers and internet-based calling, commonly known as VoIP.
Truecaller announced on 17 July 2026 that it had entered into an agreement to acquire
About TextPlus
Founded in 2009, TextPlus is a US-based communications technology company providing cloud-based voice, messaging and connectivity services through its proprietary mobile platform. TextPlus has built a large and diversified user base of approximately 1.5 million monthly active users serving consumers seeking affordable, app-based communication solutions. TextPlus is headquartered in Los Angeles and has a headcount of 14.
Advisors
DNB Carnegie Investment Bank AB acted as financial advisor, Squire Patton Boggs (US) LLP as legal advisor, and KPMG as financial and tax due diligence advisor in relation to the Acquisition for Truecaller.
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted as legal advisors to TextPlus and The Raine Group served as exclusive financial advisor to TextPlus.
For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 290800
andreas.frid@truecaller.com
About Truecaller:
Truecaller (TRUE B) is the leading global platform for safe and trusted communication. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 500 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information please visit corporate.truecaller.com
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SOURCE Truecaller AB
Truecaller acquired 100% of the shares in TextPlus. The valuation for the transaction corresponds to USD 15.0 million on a cash- and debt-free basis. TextPlus will continue to operate as a separate company and brand. Its financials will be consolidated into Truecaller as of 9 September 2026. TextPlus is a US-based communications technology company that offers cloud-based voice, messaging and connectivity services through its proprietary mobile platform, including second numbers and app-based communication solutions. TextPlus has a diversified user base of approximately 1.5 million monthly active users, is headquartered in Los Angeles, and has a headcount of 14.FAQ
What exactly did Truecaller acquire in the TextPlus transaction?
How will TextPlus operate after the acquisition by Truecaller?
What services does TextPlus provide?
How large is TextPlus in terms of users and organization?