M&A Deal Summary

Truecaller Acquires CallHero

On January 13, 2022, Truecaller acquired information technology company CallHero for 5M USD

Acquisition Highlights
  • This is Truecaller’s 1st transaction in the Information Technology sector.
  • This is Truecaller’s largest (disclosed) transaction.
  • This is Truecaller’s 1st transaction in Canada.
  • This is Truecaller’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2022-01-13
Target CallHero
Sector Information Technology
Buyer(s) Truecaller
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

CallHero

New Westminster, British Columbia, Canada
CallHero develops a unique technical solution for both Android and iPhone, which helps users verify and answer calls with the help of a digital assistant, a Smart Agent. CallHero is based in New Westminster, British Columbia.

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Buyer(S) 1

Buyer

Truecaller

Stockholm, Sweden
Category Company
Founded 2009
Sector Internet Software and Services
DESCRIPTION

True Software Scandinavia AB is used for verifying callers. Truecaller finds contact details globally given name or telephone number. True Software Scandinavia AB was founded in 2009 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Chillr

Mumbai, India

Backwater Technologies Pvt. Ltd. is a bank payments app. Book hotel rooms & flights, enjoy personalized deals and do much more directly from your Chillr app. Backwater Technologies Pvt. Ltd. was founded in 2014 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-11 Mayhem Studios

Bengaluru, India

Mayhem Studios is focuses on developing mobile games for the Indian market. Mayhem Studios was founded in 2022 and is based in Bengaluru, India.

Buy -
Mergr

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