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From VOA Learning English, this is the Technology Report.
Two large Internet companies, Facebook and Google, recently bought two smaller, India-based technology companies. India is home to thousands of computer software engineers and a growing Information Technology industry. The sales of the smaller companies are expected to influence others in India to launch technology businesses. Facebook closed its deal to buy Little Eye Labs in January. Four engineers in the city of Bangalore launched Little Eye Labs about a year and a half ago. The company builds mobile application software tools. The deal is said to be worth between $10 and 15 million. The second deal involved Google and Imperium, a cyber-security company. Imperium has offices in Bangalore and the American state of California. Media reports say that deal was valued at $9 million. The two deals are considered small, but important. Experts say they will help increase interest in Indian start-ups among foreign technology companies. Such businesses often buy small companies either for the technology they develop or the skills and ideas of their creators. Rutvik Doshi is with an investment company in Bangalore. He says if both deals are successful, Facebook and Google will then start looking at India for more skilled workers and new businesses. Indian software engineers have gained recognition around the world. Most of the engineers work for big Indian technology companies. But the number of Indian technology start-up companies is increasing. The success that the industry has created will help open the door to future growth.
