Stockholm – September 16, 2026 -- Truecaller AB has completed its acquisition of Los Angeles-based TextPlus Inc. for a purchase price valuing the target at USD 15.0 million on a cash- and debt-free basis. The transaction closed on September 10, 2026, with TextPlus consolidated into Truecaller's financials as of September 9.
Truecaller gains US foothold and VoIP capability through TextPlus deal
The acquisition expands Truecaller's presence in the United States and adds second-number and internet-based calling (VoIP) capabilities to its offering, moving the company toward a broader communications platform. Truecaller had first announced the agreement to acquire 100% of TextPlus shares on July 17, 2026.
TextPlus brings 1.5 million monthly active users and 14 staff
Founded in 2009, TextPlus operates a cloud-based voice, messaging and connectivity platform serving consumers seeking affordable, app-based communication tools. The company counts approximately 1.5 million monthly active users and employs 14 people at its Los Angeles headquarters. TextPlus will continue to operate as a separate company and brand under Truecaller's ownership.
Multiple advisory firms supported the transaction on both sides
DNB Carnegie Investment Bank AB served as financial advisor to Truecaller, with Squire Patton Boggs (US) LLP as legal advisor and KPMG providing financial and tax due diligence. On the TextPlus side, Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted as legal advisor while The Raine Group served as exclusive financial advisor.