Cloud-Based Device Management Startup Soluto Acquired By Device Insurers Asurion For Up To $130M


Looks like another exit for an Israel-based startup — this one straddling the worlds of cloud services and hardware control. Soluto, a service that lets users manage PCs and other connected devices remotely, is getting acquired by Asurion, a company that offers device insurance services. The news is being reported as a work in progress by TheMarker and Calcalist. Globes, meanwhile, is reporting this as a done deal. Meanwhile, we have confirmed the sale through two separate sources. We’re hearing reports of up to $130 million, specifically between $100 million and $130 million.

You can see where a deal with Asurion makes a lot of sense.

The latter company, based out of Nashville, Tennessee, partners with carriers like Verizon, Sprint, AT&T, T-Mobile, and Clear to resell its services to consumers. Those services include physical replacement of broken devices — consumers can file and track claims —…

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