FACEBOOK is buying India-based Little Eye Labs, a startup that builds performance analysis and monitoring tools for mobile Android apps, 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 $15m.
“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,” said Little Eye Labs in a statement.
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,” said Facebook’s engineering manager Subbu Subramanian.
The deal, the social networking giant’s first in India, could likely boost interest in the country's startups.
The one-year old firm is backed by GSF and VenturEast Tenet Fund.