Truecaller's acquisition of TextPlus expands its US communications footprint and diversifies revenue beyond caller ID
Executive summary: Truecaller agreed to acquire all outstanding shares of TextPlus Inc. The acquisition expands Truecaller’s presence in the United States and adds messaging functionality to its caller ID service, potentially opening new revenue streams.
Who is involved: Truecaller AB (publ) and TextPlus Inc.
Likely next: The transaction will proceed toward closing, subject to customary regulatory approvals and integration of TextPlus’ technology into Truecaller’s platform.
Truecaller AB has entered into a definitive agreement to purchase 100% of TextPlus Inc., a US‑based communications software provider. The deal adds messaging capabilities to Truecaller’s existing caller ID and spam‑blocking platform, broadening its product suite in the American market. Financial terms and a closing timeline were not disclosed in the announcement.
Timeline
- — Truecaller enters into an agreement to acquire US-based TextPlus Inc. (PR Newswire)
Analysis — what this means
Sectors affected
- Communications software