Finally the rumour took form of reality and the day donned with great hope and aspiration for the founders and co-workers of the Bangalore based Mobile app analysis tools manufacturing firm, the Little Eye Labs that was acquired by the Social Media King Facebook. The company lately announced the news ensuring that the acquisition has been confirmed. Go through the official site of Little Eye Labs and you can clearly see a banner ensuring the fact at the top of the page with a tagline below that reads, “Little Eye Labs is joining Facebook”. You can read more details on the tie up after clicking on the Read More. option.
However, going through the details we got informed that after the acquisition the total Little Eye Lab team will be shifted to the headquarters of Facebook situated at Menlo Park, from where the team will operate with Facebook employees and will intensely work to take the Mobile Development of the company to the next level. The company is proud enough to declare that Little Eye Lab is the first Indian company to get acquired by Facebook and that they are extremely happy to become the part of such a reputed firm. To hover eye over the work credential of Little Eye Labs, the company released its first official version of Little Eye Analysis tool for Android in April 2013.
While shifting of the company to the Facebook headquarter might create headache for some of its existing customers, the company has promised to offer them free service up to June 2014. And to talk about the financial tie up of the company though nothing official revealed, sources say that Facebook has paid between $10 to $15 million to acquire the Indian firm. But the real financial deal will come to limelight only after either of the parties make it official.
The Little Eye Labs was started in May 2012 by four techno leaders Giridhar Murthy, Kumar Rangarajan, Satyam Kandula, & Lakshman Kakkirala. All of them are techno leaders with prior work experience in leading techno MNCs of the world and Mr. Rangarajan who also currently work as the CEO of Little Eye Labs has prior worked in IBM and HP. Apart, Mr. Murthy was a co-worker of Apple; Kandula is a member of the alumni at IIT Kharagpur and Kakkirala has also before worked with IBM and Yahoo. Initial investment of the company was somewhat $100,000 – $200,000 which was provided by GSF Superangels & Venture East Fund.