Recently Facebook Inc has acquired an Indian startup name Little Eye Labs which provides performance analysis and monitoring tools for Android developers. Entire team of Little Eye Labs will move to Facebook’s headquarters and will work from there. Little Eye Labs is only 18 months old and it has been acquired by Facebook, it’s interesting move by Facebook as like every other big companies Facebook is also focusing on mobile solution.
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Little Eye Labs is currently based in Bangalore and it was founded by four program analysis geeks. To give you brief about them, first person is Giridhar Murthy who worked at Apple earlier, Kumar Rangarajan who has worked at IBM and HP, Satyam Kandula is an IIT Kharagpur alumnus and ex IBMer Lakshman Kakkirala. There are some reports that say that Facebook has close this deal at around $10-15 million and it’s the first indian startup acquired by Facebook. Facebook is eyeing more in indian and can acquire more startups like Little Eye Labs.
Read the full blog here: http://bigxoomtv.com/facebook-acquires-indian-startup-little-eye-labs
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