Facebook acquires first Indian tech start-up “Little Eye Labs”

Posted on January 8, 2014

FB_Little Eye Labs

Facebook has finally made its first Indian acquisition, Social media giant Facebook today confirmed that it has acquired a Bangalore-based product startup, Little Eye Labs, for an undisclosed amount. This is the US-based company’s first acquisition in India. Already speculations were rife in the month of December that Facebook is seeking to acquire Indian Mobile Performance Analysis firm. Little Eye Labs was founded in May 2012 by Giridhar Murthy, Kumar Rangarajan -CEO of the company, Satyam Kandula, and Lakshman Kakkirala.

Little Eye Labs builds performance analysis and monitoring tools that identify and fix performance problems for Android app developers. The product company had earlier this year received investment between $100,000 and $200,000 from early-stage start-up incubator GSF Accelerator. Announcing the acquisition news Little Eye Labs posted on its website –

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.

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 and were later backed by GSF andVenturEast Tenet Fund. 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, analyze, and optimize their app’s performance. We’re thankful for the opportunity we’ve had to make an impact in the development of some of the best apps out there.

The entire Little Eye Labs team will move to Facebook’s headquarters in Menlo Park, California. 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.

Of course, we want to make sure we treat our customers well even as we make this transition. Current customers of Little Eye will receive further information on plans to offer a free version of Little Eye until June 30, 2014. More information can be found on the Downloads page.

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.

We would like to take this opportunity to thank all our wonderful customers for their support, our investors for believing in us (Sateesh Andra from VenturEastRajesh Sawhney and all the GSF super angels), our advisors for guiding us (thanks Jaideep MirchandaniBrij Bhasin and all the GSF mentors), YourStory for our first break (thanks Shradha), the awesome BlrDroid community and its organizers (thanksAmrit SanjeevSoham MondalBadrinath KulkarniPranay Airan & Aravind Krishnaswamy), the helpful folks at Droidcon(Zainab & Kiran), the extremely supportive Londroid organizers (Carl-Gustaf Harroch & Kevin McDonagh), the folks @ Google for giving us our big break with Google I/O and our many many well-wishers and friends. Last, but not the least, all our families for trusting our crazy enterprise and for supporting us. Each and every one of you has made us what we are today and we are ever grateful for it.

 

The next phase in our incredible journey begins now. Here we go…

 

– The Little Eye Labs team

 

Although terms of the deal and financials were not disclosed. The team of Little Eye Labs will move to Facebook’s headquarters in Menlo Park, California.

 

 via http://www.binarycse.com