Facebook acquires start in Indian Little Eye Labs

India's startup scene broke new ground today as online networking behemoth Facebook procured Bangalore-based Little Eye Labs for an undisclosed aggregate. The arrangement was affirmed by aFacebook representative who said, "We are not going to remark on the terms of the arrangement."

The Business Standard reportsthat the Indian item startup makes execution examination instruments that help Android application engineers and analyzers fix issues. The apparatuses permit enhancement of assets utilizing point by point bits of knowledge about the workings of the application being referred to.

Industry sources esteem the arrangement between $10 million to $15 million.

The Little Eye Labs site imparts the tentative arrangements of the organization, expressing, "The whole Little Eye Labs group will move to Facebook's central station in Menlo Park, California. From that point, we'll have the capacity to influence Facebook's reality class base and help enhance execution of their officially magnificent applications. For us, this is a chance to have an effect on the more than 1 billion individuals who use Facebook."

The year-old startup, which got early stage financing from GSF Accelerator, is the brainchild of four Bangalore-based examination specialists who have worked at a portion of the world's greatest tech organizations -Giridhar Murthy (Apple Inc); Kumar Rangarajan (IBM and HP) ; Lakshman Kakkirala (IBM and Yahoo!) andSatyam Kandula, an IIT Kharagpur graduate. Rangaranjan is the current CEO of the organization.

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Facebook acquires Indian startup Little Eye Labs

India’s startup scene broke new ground today as social media behemoth Facebook acquired Bangalore-based Little Eye Labs for an undisclosed sum. The deal was confirmed by aFacebook spokesperson who said, “We are not going to comment on the terms of the deal.”
The Business Standard reportsthat the Indian product startup creates performance analysis tools that help Android app developers and testers fix problems. The tools allow optimisation of resources using detailed insights about the workings of the app in question.
Industry sources value the deal between $10 million to $15 million.

The Little Eye Labs blog shares the future plans of the company, stating, “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 world-class infrastructure and help improve performance of their already awesome apps. For us, this is an opportunity to make an impact on the more than 1 billion people who use Facebook.”
The year-old startup, which received early stage funding from GSF Accelerator, is the brainchild of four Bangalore-based analysis experts who have worked at some of the world’s biggest tech companies -Giridhar Murthy (Apple Inc); Kumar Rangarajan (IBM and HP) ; Lakshman Kakkirala (IBM and Yahoo!) andSatyam Kandula, an IIT Kharagpur alumnus. Rangaranjan is the current CEO of the company.
Read the entireBusiness Standardarticle here.

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