Asurion acquires Soluto for $100m

Tel Aviv’s cloud-based PC management services can manage personal computers, unobtrusively and remotely, from any device.

Tomer Dvir, CEO of Soluto. A whiz kid who just sold his company for $100 million to Asurion.

Tomer Dvir, CEO of Soluto. A whiz kid who just sold his company for $100 million to Asurion.

Asurion, a leader in technology protection services, has paid upwards of $100 million to acquire Soluto, the Tel Aviv-based online software problem solver.

According to Hebrew media reports, the American corporation first sent an email to Soluto’s CEO Tomer Dvir about buying out the award-winning Israeli company but the young computer whiz thought it was a joke.

Dvir co-founded the company with Ishay Green. The 45-member team recently moved into new digs on Rothschild Blvd, one of Tel Aviv’s innovation addresses.

Asurion will reportedly use Soluto’s headquarters as its R&D base in Israel. This is the American company’s first blue-and-white purchase.

In 2010, Soluto won a prestigious TechCrunch Disrupt award for software that helps cut down PC boot-up time by up to half.

Soluto has raised $20 million from Bessemer Venture Partners, Giza Venture Capital and Index Ventures, as well as private investors Eric Schmidt and Michael Arrington.

Related Articles

About Viva Sarah Press

Viva Sarah Press is an associate editor and writer at ISRAEL21c. She has extensive experience in reporting/editing in the print, online and broadcast fields. She has jumped out of a plane, ducked rockets and been attacked by a baboon all in the name of a good story. Her work has been published by international media outlets including Israel Television, CNN, Reuters, The Jerusalem Post and Time Out.