Stay updated with breaking news from Ew relic. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
New Relic's newest integration with Atlassian, a ground-breaking move in the field of observability, offers engineers improved insights and productivity by streamlining incident management and resolution.
ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Growth Strategy” third quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy underperformed the benchmark Russell 2000 Growth Index in the third quarter with particular weakness in several healthcare holdings. The strategy generated gains across three of the nine […]
Splunk, a cybersecurity and data analytics firm, was in the process of shifting its business model from licensing its software to charging for subscriptions when it announced an agreement last week to sell itself to Cisco, making it the third-largest software acquisition of all time.
Buyout firms Francisco Partners and TPG saved hundreds of millions of dollars in their $6.5 billion deal to buy New Relic by walking away from negotiations with the business software company in May and then returning two months later with a lower offer, people familiar with the matter said. The two private equity firms offered more than $90 per share in cash to acquire New Relic in May, a bid that the company rejected as inadequate, the sources said. Francisco Partners and TPG walked away from the discussions as a result.
Shares of New Relic, Inc. (NEWR) are up 13% on Monday after the company announced that it is being taken private by Francisco Partners and TPG in a $6.5 billion deal.
Observability eliminates this walled garden by creating a single source of truth and a shared understanding of software environments throughout the software development lifecycle.