UPDATE 1-Facebook to buy Android app monitoring tool maker
(Adds comments from Facebook)
Jan 8 (Reuters) - Facebook Inc is buying India-based Little Eye Labs, a startup that builds performance analysis and monitoring tools for mobile Android apps, to boost its technology as it focuses on growing its mobile business.
The terms of the deal were not disclosed, but media reports suggest the price was less than $15 million. 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," Subbu Subramanian, Facebook's engineering manager said.
The deal, the social networking giant's first in India, could likely boost interest in the country's startups.
Bangalore-based Little Eye Labs' team will move to Facebook's headquarters in Menlo Park, California, the company said in a statement on its website. (link.reuters.com/qud85v)
"We released our official version of Little Eye for Android in early April of this year, and since then we have had many Android developers and testers using Little Eye Labs to measure, analyze, and optimize their app's performance," the company said.
The one-year old company is backed by GSF and VenturEast Tenet Fund. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Supriya Kurane)
- Lost passenger jet was diverted deliberately: Malaysian PM
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Malaysia PM says lost plane's movements indicate a deliberate act
- UPDATE 2-Satellite data shows missing Malaysia plane may have flown thousands of miles-source
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data