Truecaller has entered into an agreement to acquire TextPlus, a U.S.-based communications software company, for $15 million on a cash- and debt-free basis.
The acquisition will give Truecaller full ownership of TextPlus and expand its presence in the United States, where the company is seeking to build a broader platform for trusted mobile communications.
Truecaller will finance the transaction using its existing funds. The deal remains subject to customary regulatory approvals and closing conditions and is expected to be completed during the third quarter of 2026.
Founded in 2009 and headquartered in Los Angeles, TextPlus provides cloud-based voice, messaging and connectivity services through its mobile platform.
The company allows users to obtain dedicated phone numbers, make internet-based voice calls and send or receive SMS messages using a data connection.
These services provide an alternative to conventional wireless carrier plans, particularly for consumers seeking an additional phone number, lower-cost calling or app-based domestic and international communication.
TextPlus has approximately 1.5 million monthly active users and operates with a team of 14 employees.
For the 12 months ending May 2026, TextPlus generated adjusted net revenue of $5.2 million. Its revenue has grown at an approximate compound annual rate of 45% since 2023, and Truecaller said the business is profitable.
The acquisition will add second-number services and Voice over Internet Protocol calling capabilities to Truecaller’s existing communication platform.
Truecaller is primarily known for helping users identify incoming calls, detect spam and reduce unwanted or fraudulent communications. The company has more than 500 million active users globally.
Adding TextPlus will move Truecaller closer to offering a more comprehensive suite of communication services rather than focusing primarily on caller identification and trust.
Users could eventually access identity, safety, messaging, internet-based calling and dedicated phone number capabilities within a broader Truecaller ecosystem.
The acquisition also gives Truecaller an established U.S. user base and a technology platform designed specifically around app-based telecommunications.
Truecaller believes TextPlus can help accelerate its expansion in the U.S. market, where the company sees opportunities to provide safer communication services and alternatives to traditional mobile plans.
The companies plan to pursue cross-selling opportunities across their respective markets and customer bases.
Truecaller could introduce TextPlus services to users in additional regions, while TextPlus may benefit from Truecaller’s global reach, brand and experience identifying spam and fraudulent communications.
The transaction is also expected to support knowledge sharing between the companies’ technology teams.
Truecaller has developed a large presence through its Android-focused products, particularly in emerging markets. TextPlus brings additional experience operating communications services across mobile platforms, including the U.S. market and iOS ecosystem.
The companies may also evaluate new business-focused phone number products.
Dedicated second numbers can help professionals, small businesses and independent workers separate personal communications from customer or commercial interactions without maintaining a separate physical device.
Truecaller said the combined platform could also support TextPlus as it develops into a more complete consumer telecommunications and mobile virtual network operator replacement product.
A mobile virtual network operator typically provides wireless services using infrastructure leased from established network operators. TextPlus currently delivers much of its communication functionality through cloud infrastructure and data networks.
Combining these capabilities with Truecaller’s communication identity and fraud-prevention technology could help the companies build services that address both affordability and trust.
Spam, impersonation and fraudulent communications have become significant challenges across calls and messaging. Consumers may avoid legitimate communications when they cannot determine who is contacting them.
Truecaller’s identity technology is designed to make those interactions more transparent, while TextPlus provides the underlying tools for users to communicate through voice, SMS and dedicated numbers.
Both companies said they share a product-focused culture and an emphasis on sustainable, profitable growth.
TextPlus has operated for more than a decade with a relatively small team, scalable cloud infrastructure and disciplined financial model.
Truecaller expects the acquisition to provide product expertise, market insights and proven technology that can be introduced across a larger international user base.
TextPlus, meanwhile, will gain access to Truecaller’s global distribution, engineering resources and established position in trusted communications.
DNB Carnegie Investment Bank is serving as Truecaller’s financial adviser on the transaction. Squire Patton Boggs is acting as legal adviser, while KPMG provided financial and tax due diligence services.
Gunderson Dettmer is serving as legal adviser to TextPlus, and The Raine Group is acting as the company’s exclusive financial adviser.
The acquisition represents a further step in Truecaller’s effort to expand beyond caller identification and develop a connected communications platform that helps consumers and businesses interact more safely and efficiently.
KEY QUOTES:
“Scott and the rest of the TextPlus team have built a service that helps people communicate far better than they used to. This philosophy is exactly in line with Truecaller. We’re very excited to join forces and power communication services in a safe and trusted manner. The culture of the team, the financial discipline and the impressive tech all align with Truecaller, and we’re confident that we will together be able to grow this business to much greater heights. Truecaller and TextPlus both have changed how mobile communication takes place, and it’s only natural that we come together.”
Rishit Jhunjhunwala, CEO of Truecaller
“Telecom only works when people can trust it. Truecaller and TextPlus share a commitment to safer, more trusted communication, and we’re excited about the opportunity to help restore trust in every connection.”
Scott Lahman, Founder and CEO of TextPlus
