SWEDEN —Truecaller AB has completed its acquisition of TextPlus Inc., securing 100 percent of the US-based communications technology firm for a purchase price of USD 15 million on a cash- and debt-free basis. Following the transaction, TextPlus will maintain its brand and operate as an independent unit while being consolidated into Truecaller's financial reporting. DNB Carnegie Investment Bank AB, Squire Patton Boggs (US) LLP, and KPMG served as advisors to Truecaller, while The Raine Group and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP advised TextPlus.
Founded in 2009 and based in Los Angeles with a team of 14 employees, TextPlus provides cloud-based voice, text messaging, and app-based connectivity services, maintaining an active user base of approximately 1.5 million monthly users. Sweden-headquartered Truecaller offers global call identification and spam blocking services, reaching over 500 million active users worldwide. This strategic addition integrates complementary IP-based voice calling (VoIP) and secondary phone number functionalities into Truecaller's ecosystem.
The acquisition strategically strengthens Truecaller's footprint within the North American market, where demand for virtual connectivity solutions continues to grow. By integrating cloud-native voice and virtual line technologies, the company accelerates its transition from a caller identification utility into a broader communication platform. The deal highlights growing consolidation across digital communications, as providers aggregate voice, messaging, and privacy tools to increase user engagement and diversify monetization channels.
For investors and industry participants, the transaction demonstrates how targeted M&A allows platforms to acquire specialized technologies and user bases efficiently. The integration of VoIP and virtual numbers opens new opportunities for subscription models, enterprise solutions, and expanded consumer service layers across key geographic markets.
