Truecaller enters into an agreement to acquire US-based TextPlus Inc.
Summary
Truecaller has agreed to acquire 100% of TextPlus for USD 15.0 million on a cash- and debt-free basis. TextPlus provides cloud-based voice, messaging, and VoIP services through a mobile platform with about 1.5 million monthly active users. The deal expands Truecaller’s US presence and adds complementary communication features such as second numbers and internet-based calling. Truecaller will fund the acquisition with its own cash, and the company says the two teams and technologies fit well together.
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Consumer Communications Software
Mobile Apps
Identity Verification Software
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Truecaller
$50M to $100M