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Facebook acquires its first company in India

Zafar Anjum | Jan. 9, 2014
Facebook has acquired Bangalore-based Little Eye Labs

Facebook has acquired Little Eye Labs, a Bangalore-based start-up, according to the company's announcement on 8 January.

The company builds mobile app analysis tools for app developers and testers.

"This is Facebook's first acquisition of an Indian company, and we are happy to become part of such an incredible team," the company said on its website.

The acquisition price has not been disclosed. However, TechCrunch reports Facebook paid between US$10 and $15 million to acquire the Indian startup.

According to the company, Little Eye Labs was founded about a year ago by a bunch of program analysis geeks who wanted to build better tools for Mobile developers. They were later backed by GSF and VenturEast Tenet Fund.

The company had released their official version of Little Eye for Android in early April last year.

"The entire Little Eye Labs team will move to Facebook's headquarters in Menlo Park, California," the company has stated. "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."

Current customers of Little Eye will receive further information on plans to offer a free version of Little Eye until June 30, 2014, the company has assured.

 

 

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