Facebook has purchased its first India-based company called Little Eye Labs.

Little Eye Labs is a India-based mobile analytic company for Android developers that was launched about a year ago by a group of program analysis geeks who wanted to build better tools for mobile developers.

Little Eye Labs provides developers with insights which helps them in optimizing their app's resource consumption; this includes memory issues, battery drainage, crashes and excessive data usage.

If the rumors are to be believed, Facebook has has been eyeing the Little Eye Labs for some time now.

The folks at Little Eye Labs even wrote a blog post confirming this news, "Today, we're very excited to announce that Facebook is acquiring our company. With this acquisition, 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."

No one has yet disclosed the numbers of this deal but according to TechCrunch Little Eye Labs worth is between $10 and $15 million.

According to the deal the entire Little Eye Labs team would be moving to the Facebook's Menlo Park office in California, from where they would "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."

"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."

Why this acquisition?

Last year Facebook introduced its Android beta testing program where its allowing its users to test out the Facebook apps before they are released for the public. The sole aim behind this test is to find flaws in the Facebook apps so that the company can fix them before actually releasing them and Little Eye Labs fits perfectly in this bill as it would developers test out the Facebook apps on Android. Moreover, this acquisition would also help Facebook set foot in India which is a growing market for the company.

What are your thoughts? Leave us your comments below.

Reach us at Facebook for more updates.

Related Posts with Thumbnails

Post a Comment