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Facebook buys Bangalore start-up to boost mobile apps

Posted: 10 Jan 2014     Print Version  Bookmark and Share

Keywords:memory  power consumption  mobile applications 

Facebook makes its first acquisition of an Indian company with the purchase of Little Eye Labs. The Bangalore-based start-up is expected to provide the social networking giant with performance analysis and monitoring tools to yield data concerning memory and power consumption of mobile applications.

Little Eye Labs was founded a little over a year ago by technology professionalsKumar Rangarajan, Satyam Kandula, Giridhar Murthy, Lakshman Kakkirala and Aditya Kulkarni and is backed by GSF and VenturEast Tenet Fund. Though terms of the deal were not disclosed, Little Eye is expected to have fetched around Rs 90 crore. The start-up community in India welcomes this buyout, believing that if a high profile company such as Facebook found it strategic to purchase a small local firm then other technology titans will follow suit.

"We released our official version of Little Eye for Android in early April of this year, and since then we have had many Android developers and testers using Little Eye Labs to measure, analyse, and optimise their app's performance," the company said on its website.

Little Eye Labs' team is expected to set up shop within Facebook's headquarters in Menlo Park, California once acquisition is finalised.





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