We had reported earlier that Facebook was planning to buy Little Eye Labs, an Indian startup that makes software tools for analyzing the performance of Android apps.
The Indian startup Little Eye Labs has now confirmed its acquisition by Facebook. According to TechCrunch, the deal is in the range of $10 million to $15 million.
With this acquisition, Little Eye Labs will join hands with Facebook to take mobile development to the next level! This is Facebook’s first acquisition of an Indian company, the startup said in an announcement on their website.
The deal was facilitated by Indian Software Products Industry Roundtable (iSpirt) under its M&A connect programme.
After the acquisition, the entire Little Eye Labs team will move to Facebook’s headquarters in Menlo Park, California. From there, they will leverage Facebook’s infrastructure to build analysis tools to help develop apps.
The company also said that current customers of Little Eye for Android, which helps developers measure, analyze and optimize their app’s performance, will “receive further information on plans to offer a free version of Little Eye until June 30, 2014″ and more information can be found on its ‘downloads’ page.
It is a performance analysis tool for Android developers helping them analyze and optimize Android Apps. They help in monitoring apps built for Android 2.3 and onwards, map resource consumption by the Android device for various apps and a whole lot of other features. New on the block, they have recently introduced techniques to keep tabs on the performance score and thread views of various apps on the device.
Since its inception Facebook has always been on the lookout to expand its horizons, increase its reach and connect. In the past, Facebook has acquired Snaptu from Israel, Sofa from Amsterdam, Octazen from Kula Lumpur and now they have come much closer to home by showing interest in Little Eye Labs, a Bangalore based startup.
With the flood of Android devices in the market and increase in the number of Android apps, developers would love to have a tool like the Little Eye Lab to help them improve their products. Facebook, known for its foresight into social expansion, buys into companies that make valuable contribution to Facebook and give its users a whole new experience.
A year back the social media giant bought Instagram for a whooping $1 billion and very recently even got turned down by Snapchat who were offered a $3 billion dollar (all cash) deal. With over 40 acquisitions in the kitty, who knows what Facebook will be up to next? We do wish Little Eye Labs all the very best.