Truecaller to Acquire US-based TextPlus
Communication app Truecaller has agreed to acquire US-based TextPlus Inc., expanding its presence in the United States. The deal brings complementary offerings like second numbers and VoIP calling.
Truecaller AB has entered into an agreement to acquire 100% of the shares in US-based communications software company TextPlus Inc. TextPlus provides a cost-effective alternative to traditional wireless carriers, offering services such as second phone numbers and internet-based calling (VoIP).
The acquisition is expected to increase Truecaller's footprint in the US market and move the company closer to offering a comprehensive communication platform. TextPlus's technology and user base are seen as complementary to Truecaller's existing services.
TextPlus has established itself as a flexible and affordable option for communication needs in the US. This strategic move aims to enhance Truecaller's service portfolio and reach.
The purchase price for the acquisition has not been disclosed. The transaction is subject to customary closing conditions.