The networking giant Facebook made its first acquisition in India by acquiring Bangalore-based startup Little Eye Labs. Little Eye is a tool that helps Android app developers to measure, analyze and optimize their apps.
As per the report by The Times of India the entire LittleEye Labs team will move to Facebook’s headquarters in Menlo Park, California, where they would leverage the social networking giant’s infrastructure to improve the performance of their apps.
“Little Eye Labs will join forces with Facebook to take its mobile development to the next level! 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 in a note on their website.
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.[useful_banner_manager banners=25 count=1]
“This has been a fun and exciting journey. We’re eager to be working alongside the incredible team at Facebook and together, we’ll continue on our mission of building awesome analysis tools to aide in the development of brilliant apps,” said Rangarajan, the CEO of Little Eye. The company has raised seed funding from from GSF Superangels and Venture East Fund. Rajesh Sawhney, founder of GSF Accelerator, added, “Acquisition of Little Eye Labs by Facebook is a transformative deal for not only the Indian startup ecosystem but also for the whole of the emerging world. This validates GSF’s core tenet that Indian product startups are now ready for a global play.”
Subbu Subramanian, engineering manager in Facebook said, “I’m excited to announce that we’re acquiring Little Eye Labs. This is an opportunity to welcome some of the industry’s most- talented engineers to our team in Menlo Park, California. At Facebook, we remain focused on producing useful and engaging mobile apps. The Little Eye Labs technology will help us to continue improving our Android codebase to make more efficient, higher-performing apps.”
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