Facebook acquired little eye labs

We had reported earlier that Facebook was planning to buy Little Eye Labs, an Indian startup that makes a software tool for analyzing the performance of Android apps.

Now the Indian Start Up Little Eye labs has confirmed it 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 forces with Facebook to take its mobile development to the next level! This is Facebook’s first acquisition of an Indian company, the Startup said in an announcement on their site.

The deal was being facilitated by Indian Software Products Industry Roundtable (iSpirt) and 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.

Little Eye Labs was founded about a year ago by five former IBM employees who wanted to build better tools for Mobile developers and were later backed by GSF and VenturEast Tenet Fund.

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 onwards, map resource consumption by the Android device for various apps and a whole lot more 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.

Little Eye – Performance Monitoring for Android Apps from Little Eye Labs on Vimeo.

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 are valuable to its contribution towards Facebook and give its users a whole new experience.

A year back the social media giant bought Instagram for a whopping $ 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.