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October 30, 2013 01:57 pm GMT

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

iphone-broken-appsLooks 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 TheMarkerand 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.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KihzFBp6p2k/

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