Facebook buys Little Eye Labs to boost mobile development

As part of the acquisition, the startup will no longer accept new signups to its product.

Facebook has acquired year-old Indian startup Little Eye Labs to help concentrate on mobile development for the social media platform.

As part of the acquisition, Little Eye Labs will relocate to Menlo Park, California, the home of Facebook's headquarters.

"From there, we'll be able to leverage Facebook's world-class infrastructure and help improve performance of their already awesome apps. For us, this is an opportunity to make an impact on the more than 1 billion people who use Facebook," the startup wrote on its site.

The transaction also means that Little Eye Labs has stopped accepting any new signups to its service.

Its core business revolves around developing performance analysis and monitoring tools for Android developers. This includes tracking and monitoring how apps and processes consume handset resources such as power, memory, storage; the impact of processes and active hardware like GPS and Wi-Fi; and events and logs at the application and system level.

Although no new customers can sign up for these features, Little Eye Labs has promised a free version of its existing offering to its current customers, which will work up until June 30.

A source familiar with the deal told Tech Crunch that the acquisition was made in the range of $10 million to $15 million.