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Facebook buys Indian tech start-up Little Eye Labs

01.08.14_technewsrprt_stories_facebook

In what marks its’ first acquisition in India, Facebook has acquired Bangalore-based startup, Little Eye Labs.

Little Eye Labs builds mobile app analysis tools for developers and testers to help analyze data of the behavior of the app, including how much power, data and memory that an app is using which makes it a major coup for Facebook whose users are increasingly logging in from mobile devices.

Though neither company disclosed the value of the deal, reports said industry estimates were around $15 million.

“This is Facebook’s first acquisition of an Indian company, and we are happy to become part of such an incredible team,” Little Eye said in a statement on its website Wednesday.

“The Little Eye Labs technology will help us to continue improving our Android code base to make more efficient, higher-performing apps,” Facebook engineering manager Subbu Subramanian said, according to The Economic Times.

The Bangalore-based startup was founded in May last year by four programme analysis geeks — Giridhar Murthy, who worked at Apple earlier, Kumar Rangarajan, who has worked at IBM and HP, Satyam Kandula, an IIT Kharagpur alumnus and ex IBMer Lakshman Kakkirala.

The company which has seven employees will be moving to Facebook’s headquarters in Menlo Park, California.

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