New Relic
| New Relic, Inc. | |
|---|---|
 | |
| Type | Private |
| Industry | Application performance management |
| Founded | 2008 |
| Founder | Lew Cirne |
| Headquarters | San Francisco, California , United States |
| Key people | Ashan Willy (CEO) |
| Products | New Relic platform |
| Owners |
|
| Website | newrelic |
New Relic, Inc. is an American software company based in San Francisco. It develops software that helps companies watch the performance of websites, mobile applications, servers, and cloud systems.
The company was founded in 2008 by Lew Cirne. In 2014, New Relic became a public company. In 2023, private equity companies Francisco Partners and TPG Inc. bought New Relic for about $6.5 billion and made it a private company again.[1]
History
[change | change source]Lew Cirne founded New Relic in 2008. The name New Relic is an anagram of his name.[2]
In 2013, the company raised $80 million from investors. At the time, New Relic was valued at about $750 million.[3] It raised another $100 million in 2014.[4]
New Relic became a public company on the New York Stock Exchange in December 2014.[5]
In 2020, New Relic introduced New Relic One, a platform for monitoring software and computer systems. The company also bought Pixie Labs, which made monitoring software for Kubernetes.[6]
In 2021, Bill Staples became CEO and Cirne became executive chairman.[7] New Relic also bought CodeStream, a tool for software developers.[8]
In 2023, Francisco Partners and TPG agreed to buy New Relic for $6.5 billion.[1] The deal was completed in November 2023, and New Relic stopped trading on the New York Stock Exchange.[9]
In December 2023, Ashan Willy, a former chief executive of Proofpoint, was named CEO of New Relic.[10]
Products
[change | change source]New Relic provides its software through a software as a service model. Its tools help companies watch the performance of websites, mobile applications, servers, and cloud systems in real time.[11]
The platform can show information about application speed, errors, computer infrastructure, and user activity. It is used by software developers, DevOps teams, and system administrators.
In 2022, New Relic added new tools for monitoring public, private, and hybrid cloud systems.[12] It also introduced tools for finding security problems in software.[13]
References
[change | change source]- 1 2 Anirban Sen; Milana Vinn (August 3, 2023). "Focus: How two private equity firms negotiated New Relic deal down to $6.5 billion". Reuters. Retrieved 2026-08-11.
- ↑ Balise, Julie (August 26, 2015). "Stories behind Bay Area tech company names". SFGate. Retrieved 2026-08-11.
- ↑ Levy, Ari (February 5, 2013). "New Relic Reels in $80 Million to Expand Into Mobile". Bloomberg. Retrieved 2026-08-11.
- ↑ Rao, Leena (April 28, 2014). "Cloud App Monitoring Company New Relic Raises $100M". TechCrunch. Retrieved 2026-08-11.
- ↑ "New Relic IPO raises $115M, stock jumps 48% in debut". Silicon Valley Business Journal. December 10, 2014. Retrieved 2026-08-11.
- ↑ "New Relic acquires Kubernetes observability platform Pixie Labs". TechCrunch. December 10, 2020. Retrieved 2026-08-11.
- ↑ "New Relic to Promote Cloud Industry Veteran Bill Staples to CEO". SiliconANGLE. May 13, 2021. Retrieved 2026-08-11.
- ↑ "New Relic acquires CodeStream to provide chat in developer environments, inks Microsoft IDE partnership". TechCrunch. October 21, 2021. Retrieved 2026-08-11.
- ↑ Wiggers, Kyle (2023-07-31). "New Relic agrees to go private in $6.5B all-cash deal". TechCrunch. Retrieved 2026-08-11.
- ↑ Alspach, Kyle (December 4, 2023). "New Relic Hires Former Proofpoint Chief Exec As New CEO". CRN. Retrieved 2026-08-11.
- ↑ Shinal, John (June 3, 2013). "New Relic headed for an IPO". MarketWatch. Retrieved 2026-08-11.
- ↑ "New Relic launches its new infrastructure monitoring experience". TechCrunch. February 16, 2022. Retrieved 2026-08-11.
- ↑ "New Relic releases new vulnerability management solution". VentureBeat. May 18, 2022. Retrieved 2026-08-11.