New Relic

NEWR Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of New Relic, Inc. Is Fair to Shareholders

Retrieved on: 
Monday, July 31, 2023
Class Action Lawsuit, Professional Services, Legal, Sale, Fraud, NYSE, Advertising, Francisco Partners, Security (finance), New Relic

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of New Relic, Inc. (NYSE: NEWR) to Francisco Partners for $87.00 per share in cash is fair to New Relic shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of New Relic, Inc. (NYSE: NEWR) to Francisco Partners for $87.00 per share in cash is fair to New Relic shareholders.
  • On behalf of New Relic shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.
  • Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

New Relic to be Acquired by Francisco Partners and TPG for $6.5 Billion

Retrieved on: 
Monday, July 31, 2023
Software, Data Analytics, Data Management, Engineering, Professional Services, Technology, Apps, Applications, Manufacturing, Moelis & Company, Wardwell, LLP, Partnership, Kirkland & Ellis, Partner, TPG Inc., Qatalyst Partners, Disclosure, Morgan Stanley, J.P. Morgan & Co., Latham & Watkins, HMI, TPG, Acquisition, Francisco Partners, Hart–Scott–Rodino Antitrust Improvements Act, JANA Partners LLC, NYSE, Security (finance), Cryptocurrency, Management, New Relic

Hope Cochran, Lead Independent Director of the New Relic Board, said, “We are pleased to have reached this agreement with Francisco Partners and TPG, which delivers significant, immediate value to shareholders.

Key Points: 
  • Hope Cochran, Lead Independent Director of the New Relic Board, said, “We are pleased to have reached this agreement with Francisco Partners and TPG, which delivers significant, immediate value to shareholders.
  • TPG will invest in New Relic through TPG Capital, the firm’s U.S. and European late-stage private equity platform.
  • Morgan Stanley & Co. LLC is acting as lead financial advisor to Francisco Partners and TPG.
  • Davis Polk & Wardwell LLP, Paul Hastings LLP, and Kirkland & Ellis LLP are acting as legal counsel to Francisco Partners and TPG.

New Relic Announces First Quarter Fiscal Year 2024 Results

Retrieved on: 
Monday, July 31, 2023
Software, Technology, Engineering, Manufacturing, Radar, Canaccord Genuity, Partnership, Table, Investment, Interactive application security testing, Commitment, GAAP, IAST, APM, Americans for Technology Leadership, TPG, Sumathi Best Television Current Reporting Award, Operation Active Endeavour, Francisco Partners, Observability, Growth, Gigaom, Magic, ESG, Security (finance), AWS, NYSE, Conference, Bank, Cryptocurrency, Artificial Intelligence for IT Operations, New Relic

New Relic, Inc. (NYSE: NEWR), the all-in-one observability platform for every engineer, announced financial results for the first quarter of fiscal year 2024.

Key Points: 
  • New Relic, Inc. (NYSE: NEWR), the all-in-one observability platform for every engineer, announced financial results for the first quarter of fiscal year 2024.
  • Fiscal 2024 First Quarter Results:
    Revenue: Total revenue was $242.6 million, up 12% from $216.5 million one year ago.
  • New Relic is also withdrawing its previous financial guidance for fiscal year 2024 and has suspended any further updates as a result of the pending transaction.
  • See the section titled “Non-GAAP Financial Measures” and the tables entitled “Reconciliation from GAAP to Non-GAAP Results” below for details.

New Relic Launches Interactive Application Security Testing

Retrieved on: 
Wednesday, July 26, 2023
Security, Data Management, Apps, Applications, Technology, Software, DevOps, SDLC, Noise, D24, Privacy, APM, IAST, Organization, Risk, Engineering, Growth, NYSE, Online shopping, Risk management, New Relic

New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced the public preview of New Relic Interactive Application Security Testing (IAST) .

Key Points: 
  • New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced the public preview of New Relic Interactive Application Security Testing (IAST) .
  • New Relic IAST goes beyond incumbent security testing solutions by providing continuous visibility and context into security findings, advanced detection accuracy with near zero false positives, proof-of-exploit, and guided remediation to eliminate vulnerabilities before deploying applications to production.
  • And, current application security testing methods often rely on a reactive approach, which can result in increased costs, false positives, and missed release cycles.
  • New Relic IAST can help software engineers and security teams solve these issues by providing much needed visibility and rapid detection while nearly eliminating the false positives found in other application security testing methods.

Zoomcar Standardizes on New Relic

Retrieved on: 
Monday, July 24, 2023
Fleet Management, Software, Internet, Automotive, Data Management, Technology, General Automotive, Vehicle Technology, Database, Communication, Partnership, SLA, PagerDuty, Artificial Intelligence for IT Operations, MTTD, MTTR, APM, Zoomcar, CPU, City, Growth, Syndrome, NYSE, Online shopping, Risk management, 3D printing, Engineering, New Relic

With 90% of India’s car sharing market and a strong focus on mobile experience, Zoomcar selected New Relic for its significant cost savings over all other vendors.

Key Points: 
  • With 90% of India’s car sharing market and a strong focus on mobile experience, Zoomcar selected New Relic for its significant cost savings over all other vendors.
  • One of the key factors that drove Zoomcar to choose New Relic was its ability to scale alongside Zoomcar's rapidly growing business.
  • The New Relic all-in-one approach helps the Zoomcar team gain insight into the performance of its applications in real-time.
  • Car performance and the Zoomcar guest chat function are also monitored by New Relic, which creates seamless communication between the owner and renter.

Aviso Names Former FICO and Salesforce.com CIO Claus Moldt and ex-UIPath & Microsoft Head of AI Products Prabhdeep (PD) Singh as Chief Advisors

Retrieved on: 
Thursday, July 20, 2023
Professional Services, Data Management, Business, Technology, Software, Finance, Artificial Intelligence, Cloud, Knowledge, ChromeOS, PD, RingCentral, LLM, Workplace, Synthetic media, ChatGPT, UiPath, Microsoft, Salesforce, ERP, Confidentiality, New Relic, Risk, CRM, Generative, Chief Advisor of Bhutan, CIO, GTM, AI, FICO, NYSE, Cloud database, Sales, Management, Aviso

Aviso , the only end-to-end AI revenue operating system, announced two new Advisors have joined the company from the AI and CRM software industry: Claus Moldt, previously Global Chief Information Officer at Salesforce.com and Chief Product Officer and CIO at FICO, and Prabhdeep (PD) Singh, former Head of AI Products at UiPath and Microsoft.

Key Points: 
  • Aviso , the only end-to-end AI revenue operating system, announced two new Advisors have joined the company from the AI and CRM software industry: Claus Moldt, previously Global Chief Information Officer at Salesforce.com and Chief Product Officer and CIO at FICO, and Prabhdeep (PD) Singh, former Head of AI Products at UiPath and Microsoft.
  • Claus and PD will play instrumental roles as Chief Advisors helping scale Aviso’s AI Chief of Staff, MIKI , and Aviso’s industry-leading AI Revenue Operating System.
  • 1 item on CNBC’s list of top technology areas to spend on, topping the list at 47 percent and more than doubling the next closest category.
  • “This is an exciting time akin to the cloud boom in the early 2000s where we saw new category leaders emerge,” said Claus Moldt, Chief Technology Advisor of Aviso AI.

New Relic Announces Date of First Quarter Fiscal Year 2024 Financial Results Conference Call and Participation in an Upcoming Investor Conference

Retrieved on: 
Tuesday, July 18, 2023
Software, Mobile, Wireless, Networks, Internet, Hardware, Data Management, Apps, Applications, Technology, Public Relations, Investor Relations, Engineering, Communications, Manufacturing, Corporate finance, SVP, NYSE, Cryptocurrency, New Relic

New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced it will report its financial results for fiscal year 2024 first quarter, which ended June 30, 2023, after market close on Tuesday, August 8, 2023.

Key Points: 
  • New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced it will report its financial results for fiscal year 2024 first quarter, which ended June 30, 2023, after market close on Tuesday, August 8, 2023.
  • The company will host a conference call at 2:00 p.m. PT / 5:00 p.m.
  • ET to review the financial results and business outlook with the investment community.
  • A live webcast and replay of the event will be available on the New Relic investor relations website at http://ir.newrelic.com .

Observability Tools and Platforms Market worth $4.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, July 14, 2023
Cloud, Carbon, Communication, Table, Telecommunications, SolarWinds, Logic, Cloud computing, Telemetry, Research, Organization, Accounting, Red Hat, Growth, ML, MTTR, Government, Region, Engineering, Urbanization, IBM, Internet of things, ScienceLogic, Confusion, AI, Major Players, Video game, Sales, Surveying, Risk management, Stream bed, Microsoft, DevOps, Vertical, New Relic, Dynatrace, Observability, AppDynamics, Broadcom Inc.

Observability Tools and Platforms Market in Asia Pacific has been studied for countries such as China, Japan, India, and the Rest of Asia Pacific.

Key Points: 
  • Observability Tools and Platforms Market in Asia Pacific has been studied for countries such as China, Japan, India, and the Rest of Asia Pacific.
  • The presence of many prominent large multi-national companies and emerging fruitful startups in the region has led to rising demand for the latest Observability tools and platforms.
  • Observability Tools and Platforms Market Advantages:
    Real-time insights into the functionality of systems, applications, and infrastructure are provided via observability technologies.
  • To describe and forecast the Observability Tools and Platforms Market based on components (solution, and services), deployment type, verticals, and regions.

Observability Tools and Platforms Market worth $4.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, July 14, 2023
Cloud, Carbon, Communication, Table, Telecommunications, SolarWinds, Logic, Cloud computing, Telemetry, Research, Organization, Accounting, Red Hat, Growth, ML, MTTR, Government, Region, Engineering, Urbanization, IBM, Internet of things, ScienceLogic, Confusion, AI, Major Players, Video game, Sales, Surveying, Risk management, Stream bed, Microsoft, DevOps, Vertical, New Relic, Dynatrace, Observability, AppDynamics, Broadcom Inc.

Observability Tools and Platforms Market in Asia Pacific has been studied for countries such as China, Japan, India, and the Rest of Asia Pacific.

Key Points: 
  • Observability Tools and Platforms Market in Asia Pacific has been studied for countries such as China, Japan, India, and the Rest of Asia Pacific.
  • The presence of many prominent large multi-national companies and emerging fruitful startups in the region has led to rising demand for the latest Observability tools and platforms.
  • Observability Tools and Platforms Market Advantages:
    Real-time insights into the functionality of systems, applications, and infrastructure are provided via observability technologies.
  • To describe and forecast the Observability Tools and Platforms Market based on components (solution, and services), deployment type, verticals, and regions.

Embrace Closes Funding Round to Transform How Engineering Teams Build Better, Bolder Mobile Experiences

Retrieved on: 
Thursday, July 13, 2023
Insurance, Pressure, VMware, ENIAC, Consumer, Culture, GOAT, APM, AV8, Sale, Lightning, New Relic, Tablet, Taco Bell, NEA, Acquisition, Allianz, Yahoo!, The New York Times, Engineering, Portal del Tunal (TransMilenio), Apple, UX, Growth, Wildlife Game Refuges Act of 1916, Yum! Brands, AI, ROI, SVP, Rest, AppDynamics, Software, Mobile phone, Industrial design, Video game, Management, Embrace, Discover, Observability

CULVER CITY, Calif., July 13, 2023 /PRNewswire/ -- Embrace, the solution to help engineers build better mobile experiences, is sharing its continued success in driving mobile transformation alongside an announcement of an upround of $20 million in growth financing. The inside round, a show of wholehearted support from all prior lead investors, was led by NEA with participation from Greycroft, AV8 (Allianz), and Eniac.

Key Points: 
  • The new funding is dedicated to powering continued product innovation to help mobile teams build the best mobile experiences, buttressed by the launch of Embrace's innovative new brand focused on the "builders" of mobile experiences consumers love.
  • With these accelerative factors, the everyday focus of consumers is squarely on mobile, and the pressure on mobile teams to build creative, reliable, and performant experiences has never been greater.
  • Mobile is all about the details, and Embrace's mobile experience engineering solution helps get them right.
  • Embrace gives mobile teams, especially their engineers, a unique insight into all the variables, across hardware, software, networks, and UX, that shape each and every end-user's mobile experiences.