A little known data analyzing startup, Little Eye Labs of India has been acquired by Facebook and the largest social network will use the technology to further strengthen its worldwide mobile services.
Bangalore-based Little Eye Labs became the first ever Indian firm to get acquired by the California-based Facebook, which developed a software that analyzes the app performance at Google Android platform, such as analyzing users, memory used and power consumption on smartphones and tablets.
According to the notice posted at LEL’s website, the team of 8 employees of the startup will move to Facebook’s headquarters at Menlo Park, California. The startup was founded in 2012 by five International Business Corp, engineers and backed by angel investors GSF India as well as VentureEast India.
The app data analyze software tool provider were charging a fee of $50 per month or $500 per year to the app developers, who subscribe to test the performance of their Android applications.
Subbu Subramanian, Facebook Engineering Manager confirmed the acquisition and said,
“I’m excited to announce that we’re acquiring Little Eye Labs, a company that produces world-class technology to help developers build more efficient products with Android. This is an opportunity to welcome some of the industry’s most talented engineers to our team in Menlo Park, California.”
The deal amount and further details isn’t available yet, but the startup will be continuing its services to already subscribed developers until June 30 2014. We have contacted the Little Eye Labs for comments, stay tuned for more updates.