Facebook acquires app optimization tool developer Little Eye Labs
The first Facebook acquisition in India reflects a growing focus of local startups on technology development
IDG News Service - Facebook is acquiring Little Eye Labs, an Indian developer of a tool for performance analysis and monitoring of Android apps, the startup said.
The financial terms of the deal were not disclosed. "We are not going to comment on the terms of the deal," Facebook said, while confirming the acquisition. Little Eye said on its website that it had stopped accepting new customers for its tool, and is working on a free version of the tool that customers can use until June 30.
Little Eye, in Bangalore, said its entire team will move to Facebook's headquarters in Menlo Park, Calif. "From there, we'll be able to leverage Facebook's world-class infrastructure and help improve performance of their already awesome apps," the company said in a post on its website on Wednesday. "For us, this is an opportunity to make an impact on the more than 1 billion people who use Facebook."
The startup released its official version of its product Little Eye for Android in April last year, and since then "had many Android developers and testers using Little Eye Labs to measure, analyze, and optimize their app's performance."
Little Eye, founded in 2012, spotted a good opportunity in app optimization as Android adoption picked up, and more importantly made itself visible, said Sanjay Anandaram, who advises startups in Bangalore.
The acquisition, which was first rumored late last year, is described as Facebook's first acquisition of an Indian company, and reflects the transition by Indian startups from the more popular business model of services outsourcing to developing technologies and products, usually targeted at mobile markets.
These technology-focused startups will have to look abroad to be acquired as there are no large Indian technology companies to acquire them, only IT services companies, Anandaram said. The acquisition of Little Eye will draw attention to the potential of Indian companies, he added.
"At Facebook, we remain focused on producing useful and engaging mobile apps," wrote Subbu Subramanian, Facebook engineering manager on his Facebook page. "The Little Eye Labs technology will help us to continue improving our Android codebase to make more efficient, higher-performing apps."
- 15 Non-Certified IT Skills Growing in Demand
- How 19 Tech Titans Target Healthcare
- Twitter Suffering From Growing Pains (and Facebook Comparisons)
- Agile Comes to Data Integration
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
- What Datapipe customers need to know about the new PCI DSS 3.0 compliance standard This handy quick reference outlines what PCI DSS 3.0 is, who needs to be compliant and how Alert Logic solutions address the new...
- The 12 PCI DSS 3.0 requirements addressed by Peer 1 Hosting This handy quick reference outlines the 12 PCI DSS 3.0 requirements, who needs to be compliant and how Alert Logic solutions address the...
- Defense Throughout the Vulnerability Life Cycle This whitepaper provides insight into how to leverage threat and log management technologies to protect your IT assets throughout their vulnerability life cycle.
- The Critical Role of Support in Your Enterprise Mobility Management Strategy Most business leaders underestimate the importance of tech support when they choose an EMM solution. Here's what to put on your checklist.
- Live Webcast Best Practices for the Hyperconverged Enterprise Network To the Age of Constant Connectivity and Information overload
- Live Webcast Unmasking the Differences between Consumer and Enterprise File Sync & Share The consumerization of IT combined with the rapid pace of the modern mobile workplace is forcing enterprise IT teams to evaluate file sync...
- Live Webcast Government Agency Webifies Outdated COBOL Applications Let this CTO tell you how his agency converted 1980s-era green screens into an e-filing portal for the 100,000 cases handled each year...
- The New Way to Work Knowledge Vault This Knowledge Vault focuses on how, in today's increasingly virtual world, it's more important than ever to engage deeply with employees, suppliers, partners,...
- Getting Ready for BlackBerry Enterprise Service 10.2 Find out how BlackBerry® Enterprise Service 10 helps organizations address the full spectrum of EMM challenges, while balancing the needs of both the... All Applications White Papers | Webcasts