Bangalore, January 9 2014: An Indian startup -- less than two years old -- is Facebook's first acquisition in this country. Bangalore-based Little Eye Labs builds performance analysis and monitoring tools for mobile Android apps.
The company says on its website: "The entire Little Eye Labs team (pictured in our illustration) will move to Facebook’s headquarters in Menlo Park, California. From there, we'll be able to leverage Facebook’s world-class infrastructure and help improve performance of their already awesome apps. For us, this is an opportunity to make an impact on the more than 1 billion people who use Facebook. Little Eye Labs was founded by a bunch of program analysis geeks who wanted to build better tools for Mobile developers."
"We released our official version of Little Eye for Android in early April ( 20134) and since then we have had many Android developers and testers using Little Eye Labs to measure, analyze, and optimize their app's performance. We’re thankful for the opportunity we’ve had to make an impact in the development of some of the best apps out there. Current customers of Little Eye will receive further information on plans to offer a free version of Little Eye until June 30, 2014."
Reuters quotes Subbu Subramanian, Facebook's engineering manager: "The Little Eye Labs technology will help us to continue improving our Android codebase to make more efficient, higher-performing apps."
No one is talking of the value of the acquisition and the media is floating numbers for $ 3-4 million to $ 15 million.