Truecaller to Acquire Israel-Based CallHero for USD 4.5m.
MANews-(C)2009-2022
Sweden-based smartphone application company Truecaller AB, a platform for verifying contacts and blocking unwanted communications, has agreed to acquire Israel-based smartphone technical solution provider CallHero for USD 4.5m, the company said.
Of the agreed purchase price, USD 2.6m will be paid in cash upon completion of the acquisition and USD 1.9m through newly issued shares in Truecaller. The acquisition will be financed through existing cash and newly issued shares in Truecaller AB.
CallHero has developed 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. The solution...
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