Facebook to buy India-based app monitoring tool maker
Published on Jan 8, 2014 3:53 PM
LONDON (REUTERS) - Facebook Inc is buying India-based Little Eye Labs, a startup that builds performance analysis and monitoring tools for mobile Android apps, in a move that marks the social networking giant's first deal in the country.
Facebook has been working to boost its mobile technology as it focuses on growing revenue from its mobile advertising business.
The terms of the deal were not disclosed, but media reports suggest the price was less than US$15 million (S$19 million). The deal could likely boost interest in India's startups.
Facebook was not immediately available for comment outside regular US business hours.
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