New Relic, Inc.

New Relic, Inc. is an American software company headquartered in San Francisco, California, specializing in cloud-based observability. Its core business revolves around providing a unified data platform that enables engineers and IT teams to monitor, debug, and optimize their entire software stack. The company's mission is to help organizations build and manage robust software and user experiences by offering comprehensive insights into complex digital systems.

The New Relic Intelligent Observability Platform offers a suite of products and services, including Application Performance Monitoring (APM), infrastructure monitoring, digital experience monitoring, log management, and vulnerability management. The platform provides real-time alerts, AI-powered insights, and supports open standards like OpenTelemetry, catering to a broad market segment that includes startups, enterprises, DevOps, Site Reliability Engineering (SRE), and ITOps teams.

In a significant corporate development, New Relic was acquired by private equity firms Francisco Partners and TPG Inc. for approximately $6.5 billion in November 2023, transitioning the company from publicly traded (NYSE: NEWR) to privately held. Following the acquisition, Ashan Willy was appointed Chief Executive Officer in December 2023. The company is currently focused on an AI-first platform strategy, emphasizing "Intelligent Observability" to enhance its market positioning. In late 2023, New Relic also disclosed a cybersecurity incident involving unauthorized access to an internal environment via stolen credentials.