Facebook is buying India-based Little Eye Labs, a start-up that builds performance analysis and monitoring tools for mobile Android applications, to help boost its technology as it focuses on growing revenue from its mobile business.
The terms of the deal were not disclosed, but media reports suggest the price was less than $15 million. A Facebook spokesman said the company would not comment on the terms of the deal.
“The Little Eye Labs technology will help us to continue improving our Android codebase to make more efficient, higher-performing apps,” Subbu Subramanian, Facebook’s engineering manager said.
The deal, the social networking giant’s first in India, could likely boost interest in the country’s start-ups.
Bangalore-based Little Eye Labs was founded in 2012 and currently employs seven people, all of whom will move to Facebook’s headquarters in Menlo Park, California, the company said in a statement on its website.
“We released our official version of Little Eye for Android in early April of this year, and since then we have had many Android developers and testers using Little Eye Labs to measure, analyze, and optimize their app’s performance,” the company said.