Marks its first acquisition in India.
Facebook has completed the acquisition of India-based start-up ‘Little Eye Labs’, which develops performance analysis and software tool for evaluating the performance of Android applications.
The latest acquisition, worth between $10m and $15m, marks the social networking major’s first acquisition in India, and would strengthen its mobile offering.
Little Eye Labs said in a statement that with the 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," the start-up added.
As part of the acquisition, the entire team of Bangalore-based Little Eye Labs will move to Facebook’s headquarters in Menlo Park, California where it will develop analysis tools and assist in developing apps.
"From there, we’ll be able to leverage Facebook’s world-class infrastructure and help improve performance of their already awesome apps," the start-up added.
"For us, this is an opportunity to make an impact on the more than 1 billion people who use Facebook."
The GSF and VenturEast Tenet Fund-backed start-up has launched its official version of Little Eye for Android in early April, and claims having several Android developers and testers using its software to measure, analyse, and optimise the performance of their apps.