Facebook is said to make its first acquisition in India soon. The social networking giant reportedly in plans to acquire Indian app performance analysis startup Little Eye Labs.
According to a report by Business Standard, Facebook in talks to acquire Bangalore-based product start-up Little Eye Labs. The report citing internal sources said that the acquisition is expected to be announced in the next few weeks and it will be the first acquisition by Facebook in India.
Little Eye Labs, India-based startup company, is founded in May 2012 by Giridhar Murthy, Kumar Rangarajan, Satyam Kandula and Lakshman Kakkirala. The founders of the concern have work experience from some renowned IT companies, including Apple, IBM, HP and Yahoo.
The startup company currently provides a performance analysis tool for Android developers to measure, analyze and optimize Android apps. The company had received an investment between $100,000 and $200,000 from early-stage start-up incubator GSF Accelerator earlier this year, the report said.
The acquisition of the Indian startup company by Facebook would result the innovation of software product think-tank Indian Software Products Industry Roundtable (iSpirt) which is said to bring Indian product companies to the global map.