[00:00.00]From VOA Learning English,
[00:02.96]this is the Technology Report.
[00:06.47]Two large Internet companies Facebook and Google
[00:11.78]recently purchased two India-based technology start-up companies.
[00:18.15]India is home to tens of thousands of computer software engineers
[00:23.56]and a growing information technology industry.
[00:27.74]The sales of the start-up companies
[00:30.42]are expected to influence others
[00:32.70]to launch businesses in the country.
[00:35.66]Facebook closed its deal to buy Little Eye Labs in early January.
[00:42.62]Four engineers in Bangalore launched Little Eye Labs
[00:47.72]about a year and a half ago.
[00:50.19]The company builds mobile application software tools,
[00:55.55]the deal is set to be worth between 10 and 15 million dollars.
[01:01.90]It is the first time Facebook has purchased an Indian start-up company.
[01:08.66]Google bought the cyber security company Imperium.
[01:14.73]Imperium has offices in Bangalore and California.
[01:19.75]Media reports set the value of the deal at about $9 million.
[01:26.84]The two deals are considered small but important.
[01:32.43]Experts say they will help increase interest in Indian start-ups
[01:37.88]among phone technology companies,
[01:40.47]such businesses often buy small companies
[01:44.79]either for the technology they develop or the ability of their creators.
[01:51.09]Rutvik Doshi is with Inventus Capital Partners,
[01:55.96]an investment company in Bangalore.
[01:59.28]"Till date none of these large U.S. companies
[02:03.08]had ever acquired anything in India to write home about.
[02:07.15]If they both turn out to be successful for these respective companies,
[02:11.31]they will start looking at India more seriously,
[02:14.80]in terms of there is more talent, there is more technology,
[02:17.34]and entrepreneurship happening here,” said Doshi.
[02:19.50]Indian software engineers have gained recognition around the world.
[02:25.31]Most of the engineers work for big Indian technology companies,
[02:31.06]but the number of Indian technology start-up companies is on the rise.
[02:36.32]Rising money for the start ups is not always easy.
[02:41.41]Rajesh Sawhney help to create a company called GSF Accelerator,
[02:47.98]it provided financial support for Little Eye Labs.
[02:52.97]Mr Sawhney says most of the start-ups in India
[02:56.76]have worked on developing products for the home market.
[03:01.21]But he says the recent deals with Facebook and Google
[03:06.10]will lead investors and business people to widen their efforts.
[03:12.58]"The time now is to encourage these start ups
[03:14.46]to start thinking global and that is what [the] internet allows today.
[03:18.40]We need to encourage our bright,
[03:20.79]young talent in India to start building products for world markets
[03:24.86]like Israelis have done or like U.S. start-ups do,” said Sawhney.
[03:26.94]Bangalore’s successful technology services and outsourcing industry
[03:32.97]mostly does back office work for Western companies.
[03:37.67]But this work has put India on the technology map, the success
[03:43.85]that the industry has created will help open the door to future growth.
[03:49.97]And that is the Technology Report from VOA Learning English.
[03:56.36]I'm June Simms.