Facebook Acquires Little Eye Labs To Improve Mobile Apps
Little Eye Labs, an Android app performance analysis startup, announced that it has been acquired by Facebook. This happens to be Facebook’s first acquisition of an Indian company.
The team will move to Facebook’s headquarters in Menlo Park, and will take advantage of the company’s infrastructure to improve Facebook’s apps.
“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 and VenturEast Tenet Fund,” the Little Eye Labs team says in a message on its site. “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.”
“For us, this is an opportunity to make an impact on the more than 1 billion people who use Facebook,” they say.
The startup is telling its customers that they plan to offer a free version of Little Eye until the end of June to “treat its customers well” during the transition.
Terms of the deal were not disclosed, but TechCrunch is reporting that it was somewhere between $10 million and $15 million.
Image via Little Eye Labs