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Globes: Cloud-Based Device Management Soluto Acquired By Device Insurers Asurion For $100 -130 Million

According to Globes, Tel Aviv-based Soluto which has developed software to correct problems in Windows, has raised $20 million.

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Soluto won the Techcrunch Disrupt prize in May 2010
Asurion Corporation has acquired Soluto, the Israeli online software problem solver for $100 million. The Tel Aviv-based company was founded by CEO Tomer Dvir and Ishay Green who each own 10% of the company.
Soluto started as a cloud-based platform that let people help each other with managing their own and other people’s devices.
Tomer Dvir, the CEO and co-founder, has told   Techcrunch that one of the driving ideas behind creating the service was to help his mother with her computer when he was not near her. “I can help her set up and run Skype, Spotify, whatever, ” he said.
Soluto won the Techcrunch Disrupt prize in May 2010. The company has raised $20 million from Giza Venture Capital,  Bessemer Venture Partners, and Index Ventures , as well as private investors Eric Schmidt and Michael Arrington.
Asurion LOGO
The company has more than 3 million downloads of its first product, and over 15 million carried out through its platform. Soluto expanded beyond PCs into smartphones and tablets, and even enterprise services such as SMB-focused products.

On the other hand , Asurion , based in Missouri, provides services that are not only replacing  faulty or broken handsets. Their software-based services can benefit from the Soluto  solutions.

Asurion partners with carriers like AT&T,   T-Mobile,  Verizon and Sprint.





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