from the November 2013 issue

Asurion acquires Soluto for $100m

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

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 develops software to help people correct problems in Windows. It 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.

Soluto, founded in 2008 and based in Tel Aviv, has 40 employees. Asurion, which offers technical support services and repaid for mobile phones and computers, has 10,000 employees. We'll grow gradually."part and parcel of being a start-up."

Reprinted from the Israel High-Tech & Investment Report November 2013

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