For the first time, the social media behemoth Facebook has acquired a Bangalore-based Little Eye Labs for an undisclosed sum. The deal was confirmed by a Facebook spokesperson who said, “We are not going to comment on the terms of the deal.” The Business Standard reports that 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 USD 10 million to USD 15 million.
Giridhar Murthy (Ex Apple ); Kumar Rangarajan (Ex IBM and HP) ; Lakshman Kakkirala (Ex IBM and Yahoo) and Satyam Kandula, an IIT Kharagpur alumnus are the persons behind Little Eye Labs.