Report: Facebook has acquired Little Eye Labs for around $10 to $15 million
Facebook has been rumored to be in the midst of acquiring Little Eye Labs. The deal has been confirmed and it has been pegged to be worth around $10 to $15 million, according to TechCrunch.
Little Eye Labs is an India-based startup that has created a software tool to analyze the performance of Android applications. Little Eye Labs investors included VenturEast and GSF.
“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,” said Little Eye Labs in a statement posted on their website.
The whole Little Eye Labs team will be moving to Facebook’s headquarters California to build analysis tools and apps.
Another recent acquisition Facebook made to bolster their mobile team is Parse. Parse is a mobile backend-as-a-service company.
Little Eye Labs started less than 18 months ago. It is believed that Little Eye Labs made a pitch to Twitter, but received a better deal from Facebook.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry