Posted by : Unknown
Thursday, 9 January 2014
Facebook acquires India's "Little Eye Labs", first take over in the country.
Social networking giant Facebook on Wednesday acquired India's Little Eye Labs, a company building performance analysis and monitoring tools for mobile app developers. Its first take over in the country, for an undisclosed amount.
"Today, we are 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," Little Eye Labs said on its website.
Little Eye Labs, Founded about a year ago by four IT professionals- Giridhar Murthy, Kumar Rangarajan, Satyam Kandula and Lakshman Kakkirala.
"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 infrastructure and help improve performance of their apps." the note said.
Other acquisitions Facebook has made to strengthen its mobile products include Parse. Facebook also recently made an unsuccessful attempt to buy instant messaging firm Snapchat, which reportedly turned down Facebook's $3 bn offer.