Facebook is in early talks to acquire Little Eye Labs, a Bengaluru-based startup, which would mark the social networking firm’s first acquisition in India.
Reports revealed that the latest deal is anticipated to be completed within the next few weeks.
The startup develops performance analysis and monitoring tools that assist Android application developers in detecting and repairing performance issues by visualising the app’s behaviour and estimating app’s power, memory and network data usage trends, according to Business Standard.
Little Eye labs was established in May 2012 by four Bangalore-based programme analysis geeks including Giridhar Murthy, Kumar Rangarajan, Lakshman Kakkirala and Satyam Kandula, who used to work for major tech firms.
The latest deal would also turn out to be a first for software product think-tank Indian Software Products Industry Roundtable (iSpirt), which facilitated the deal via its M&A Connect programme.
In October, Facebook acquired Israeli data compression startup Onavo for over $150m, which focuses on mobile app intelligence, data and compression.
