Facebook acquires Indian start-up Little Eye Labs

It has been announced today that Facebook is buying Little Eye Labs, a tech start-up from India that builds tools for mobile developers.

It is set to be Facebook's first acquisition of an Indian company, and will involve the entire Little Eye Labs team relocating from Bangalore to Facebook's headquarters in Menlo Park, California.

"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 statement. "For us, this is an opportunity to make an impact on the more than 1 billion people who use Facebook."

Little Eye Labs is used by developers and testers to analyse mobile apps, providing tools that are able to give detailed insights about the behaviour of the app and enabling easy benchmarking and optimization of resources.

The deal has been estimated to be around $15 million (£9 million), though neither company has divulged precise details of the deal.

Praveen Bhadada, a consultant for Bangalore-based firm Zinnov, told the BBC that the deal represents "a giant step from an Indian start-up ecosystem perspective."

"The number of technology start-ups forming every year in India has quadrupled since 2006," said Bhadada. "This acquisition will certainly provide necessary boost to the already growing ecosystem."

The Little Eyes Labs team will be working alongside the team at Face book to "help improve performance of their already awesome apps."

"This has been a fun and exciting journey," the company added. "We're eager to be working alongside the incredible team at Facebook, and together, we'll continue on our mission of building awesome analysis tools to aide in the development of brilliant apps."