Type Public company Key people Lew Cirne CEO Lew Cirne | Traded as NYSE: NEWR Website newrelic.com Founded 2008 | |
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Industry Application performance management Stock price NEWR (NYSE) US$ 36.44 +0.44 (+1.22%)24 Mar, 4:02 PM GMT-4 - Disclaimer Headquarters San Francisco, California, United States Profiles | ||
New relic is the latest big data software analytics company to ipo thestreet
New Relic is an American software analytics company based in San Francisco, California.
Contents
New relic s patrick lightbody on their new analytics platform
History
Lew Cirne founded New Relic in 2008 and is the company's CEO. The name "New Relic" is an anagram of founder Lew Cirne's name.
In February 2013, New Relic raised $80 million from investors including Insight Venture Partners, T. Rowe Price, Benchmark Capital, Allen & Company, Trinity Ventures, Passport Capital, Dragoneer, and Tenaya Capital at a valuation of $750 million. The funding round helped New Relic extend its software analytics platform to include Android and iOS native mobile apps. In April 2014, New Relic raised another $100 million in funding led by BlackRock, Inc., and Passport Capital, with participation from T. Rowe Price Associates, Inc. and Wellington Management. Board members are Peter Fenton of Benchmark, Dan Scholnick of Trinity Ventures, Peter Currie of Currie Capital, Adam Messinger of Twitter, Sarah Friar of Square, and Lew Cirne. New Relic went public on December 12, 2014.
New Relic's technology, delivered in a software as a service (SaaS) model, was announced in 2013. monitors Web and mobile applications in real-time It allows developers to plug in technology from partners.
Marketing
Partnerships include IBM Bluemix, Amazon Web Services, CloudBees, Engine Yard, Heroku, Joyent, Rackspace Hosting, and Microsoft Azure as well as mobile application backend service providers Appcelerator, Parse, and StackMob.
Other marketing mentions:
Litigation
On November 5, 2012, CA Technologies (formerly Computer Associates) filed a lawsuit in the US District Court for the Eastern District in New York. The lawsuit claims that New Relic violated three patents that came into CA Technologies' possession through acquisitions. The three patents in question are numbers U.S. Patent 7,225,361 B2; U.S. Patent 7,512,935 B1; and U.S. Patent 7,797,580 B2. This is the first of two actions CA Technologies has filed in connection with alleged infringement of patents obtained in the acquisition of Wily Technology. In April 2013, CA Technologies filed a lawsuit asserting patent infringement of the same three APM patents against software developer AppDynamics. However, on April 20, 2015 AppDynamics and CA settled the two-year-old patent dispute. AppDynamics said that it paid a "modest fixed payment."