Truecaller Expands Its Communications Platform with TextPlus Acquisition

On July 17, 2026, Truecaller AB, a renowned provider of safe and trusted communication solutions, announced its acquisition of the U.S.-based communications software company TextPlus Inc. This strategic move aims to bolster Truecaller’s footprint in the United States and broaden its service offerings, aligning with its mission to create a comprehensive communication platform.

The Acquisition Details

Truecaller has successfully negotiated to acquire 100% of TextPlus shares for $15 million in a cash and debt-free transaction. The acquisition will be financed through Truecaller’s own funds, emphasizing the company's commitment to enhancing its product offering without incurring additional debt. The deal is pending regulatory approvals but is expected to close in the third quarter of 2026.

Rishit Jhunjhunwala, CEO of Truecaller, expressed his enthusiasm about the acquisition, stating that both companies share a philosophy centered around enabling better communication experiences for users. “Scott and the rest of the TextPlus team have built a service that helps people communicate far better than they used to. This aligns perfectly with Truecaller’s commitment to safe, efficient communication,” he remarked.

About TextPlus

Founded in 2009 and headquartered in Los Angeles, TextPlus has made significant strides in enabling affordable communication. The company offers cloud-based voice, messaging, and connectivity services, positioning itself as a cost-effective alternative to traditional wireless carriers. With approximately 1.5 million active monthly users, TextPlus has gained recognition for facilitating VoIP calls and seamless text messaging services over data networks.

TextPlus is not only well-regarded for its technology but also for its strong user base and impressive growth metrics. Reportedly, the company's adjusted net revenue for the twelve months ending May 2026 reached $5.2 million, showcasing a compound annual growth rate of about 45% since 2023.

Scott Lahman, CEO and founder of TextPlus, shared his excitement regarding the merger. He stated, “Telecom only works when people can trust it. Truecaller and TextPlus share a commitment to safer, more trusted communication, and we are eager to help restore trust in every connection.” This integration marks a promising future for both entities as they focus on fostering a culture of trust in telecommunications.

Strategic Benefits for Truecaller

For Truecaller, acquiring TextPlus unlocks substantial potential for further expansion within the U.S. telecommunications market. The acquisition will not only deepen partnerships between both firms but will also facilitate cross-selling of valuable services across existing customer bases. By leveraging TextPlus's proven technologies and user-friendly services, Truecaller plans to extend its offerings to include features like second phone numbers and enhanced VoIP solutions.

The merger enhances Truecaller’s ability to optimize user acquisition strategies and introduce innovative business-focused solutions, ultimately expanding their ecosystem's growth and value. Furthermore, the acquisition aligns with Truecaller’s robust product-oriented culture, ensuring that both teams remain committed to driving sustainable profitability.

Conclusion

As telecommunications increasingly hinge on secure and reliable communication, Truecaller’s acquisition of TextPlus is a noteworthy strategy that aligns with the evolving market needs. By combining forces, both companies are expected to not only strengthen their market presence but also enhance user trust, experience, and overall satisfaction in communication services. With this acquisition, Truecaller is taking a definitive step toward solidifying its role in the global communications landscape.