New Relic
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AppDynamics posts long-awaited IPO filing
AppDynamics has revealed its filing for a U.S. IPO. The IT company, which helps businesses like Salesforce and IBM with applications management, is targeting a $100 million offering. Despite a competitive landscape, which includes New Relic and Dynatrace, AppDynamics has shown strong revenue growth over the past year. For the nine months ending in October, revenue came in at $158.4 million… Read More
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Crunch Network
The AWS juggernaut
After last year’s AWS re:Invent conference, we posed the question, “Is Amazon the Most Important Enterprise Company?” Having just returned from re:Invent 2016, we can say the answer is a resounding “Yes”. In terms of both enterprise adoption and the pace of innovation, AWS is a juggernaut. This year again the company highlighted several organizations… Read More
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New Relic extends monitoring to containers and micro service environments
Monitoring used to be a relatively simple matter. Most companies had a fixed number of applications to monitor. These were usually delivered on the web and lived for a number of years on a fairly fixed number of servers. Today’s environment is far more varied and complex, and New Relic made a series of announcements today designed to help customers deal with new ways of delivering… Read More
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Sales startup Immediately will shut down as team members join New Relic
Immediately, a startup that built mobile sales tools, will be shutting down at the end of the month, while part of the team will move on to cloud-monitoring company New Relic. According to the official announcement, both the Immediately app (which offers a number of features, including phone logging and detecting when emails are opened) and the company’s Gong app (a “pocket… Read More
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New Relic CEO On The Joy Of Not Being In “That Unicorn Bucket”
Lew Cirne, founder and CEO of the seven-year-old software analytics company New Relic, has a lot for which to be thankful. Near the very top of his list? The fact that New Relic went public a year ago, after raising roughly $214 million from investors. (Its market cap is currently $1.78 billion.) We talked earlier today about what’s keeping so many other companies from doing the same. Read More
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New Relic Now Lets Developers Dive Deeper Into Their Analytics
New Relic is launching a new analytics component for its application and server monitoring suite today that allows developers to drill even deeper into the data their code (and users) generate. The New Relic Software Analytics Cloud is now available to all paying New Relic customers. New Relic’s VP of product management Patrick Lightbody told me the team realized that basic monitoring… Read More
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New Relic Beats In Its FQ2 With Revenue Of $42.9M, And A Lower-Than-Expected Per-Share Loss Of $0.17
Today following the bell, New Relic reported the results of the second quarter of its fiscal 2016, including an adjusted per-share loss of $0.17, off revenue of $42.9 million. The street had expected New Relic to lose an adjusted $0.22, on revenue of $41.20 million. The firm, down over a point in regular trading, is essentially unmoved in after-hours trading. Using normal accounting… Read More
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AppDynamics, A “Unicorn,” Raises Fresh $83.4 Million, And It’s Targeting More
Looks like investors approve of former Adobe digital chief David Wadhwani. Just weeks after it was announced that Wadhwani has joined seven-year-old, San Francisco-based AppDynamics as its new CEO, an SEC filing shows the company has raised a fresh $83.4 million in funding as part of a round that’s targeting up to $150 million. AppDynamics makes software to monitor the performance… Read More
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New Relic Posts Strong FQ1 Revenue, Beats On Profit And Guides Above Street Expectations
New Relic reported its first quarter, fiscal 2016 performance today, including better-than-expected revenue, and lower-than-expected per-share loss. While the latter clause is correct, it’s worth noting that on either a normal (GAAP) and adjusted (non-GAAP) basis, New Relic lost more in its most recent quarter than it did in the comparable year-ago period. However, due to changes in… Read More
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The New Rules Of Going Public
According to a recent report, Twilio wants to go public. Twilio, a company that provides software-based communications tools for developers, closed out 2014 on a $100 million annual run rate. Or, put another way, Twilio brought in just over $8 million in top line last December. Box, New Relic and Hortonworks each recently proved that the IPO window is open and that investors have an appetite… Read More
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A Relic, An Iron And The King Dish Their Financial Results To Wall Street
It’s earnings season, which puts a bright light on newly and recently public technology firms’ performances. Given that 2015 is widely expected to be an active year for IPOs, how are the new kids doing? Let’s take a look at New Relic, the most recently public; MobileIron, the middle child; and King, which, of the three, has been public the longest. Read More
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New Relic And Hortonworks See Strong Public Debuts
In early trading, New Relic’s shares are up 31 percent in its first day as a public company. Another technology company, Hortonworks, will begin trading this morning as well. Update: Hortonworks has opened to a massive gain of more than 40 percent as well. For tech IPOs, today is a huge day. The two companies are trading on different exchanges, with New Relic selecting the NYSE, and… Read More
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Lending Club’s IPO Pops 56% In Its First Day, Sets Stage For Hortonworks And New Relic Offerings
Lending Club had a strong debut in the public markets today, popping 56 percent from its $15 IPO price to more than $23 per share. As TechCrunch reported previously, the company’s offering was “the largest IPO for a U.S.-based tech company” thus far this calendar year. The company’s IPO sets the stage for tomorrow’s flotations of both Hortonworks and New Relic. Read More
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New Relic Files To Go Public
New Relic, a company that provides app-monitoring on a SaaS-basis, filed to go public today. The company intends to use the ticker symbol “NEWR” in the flotation, and its offering is underwritten by Moran Stanley, J.P. Morgan, and four other groups. The company’s financials appear to be strong, when compared to current market norms. In the first 6 months of 2014, the company… Read More
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New Relic Buys Dashboard Tool Ducksboard As It Continues Expansion Into Analytics
When you think of New Relic, you might think of traditional server-side application performance monitoring, and of course New Relic does that and other monitoring tasks, but increasingly it’s moving into analytics and today at its FutureStack user conference, the company announced it has bought cloud dashboard-building tool Ducksboard as it continues to broaden its analytics… Read More
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New Relic Goes Beyond Server Monitoring And Adds Software Analytics
New Relic, maker of server and application-monitoring tools for developers, today announced what is probably the company’s biggest release since it launched in 2008. With New Relic Insights (formerly known under its codename Rubicon), the company is now using its platform to go beyond its traditional core features and is launching a real-time business analytics platform (or… Read More
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New Relic Makes A Bet On A Real-Time Service That Processes Billions Of Data Points For Ad Hoc Analysis
Every couple of months, New Relic CEO Lew Cirne has coded on a secret project, away from the family and mostly anyone else. He has been a code monk, cloistered in a cabin, developing a real-time analytics engine code-named Rubicon that uses live application data to do ad hoc analysis. Cirne says the service he developed is essentially a database that processes billions of data points on a… Read More
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Loggly, A Splunk Competitor, Raises $10.5M For Cloud-Centric Approach To Log Management
Loggly, the cloud-based log management service, has raised $10.5 million from new investors Cisco and Data Collective. Trinity Ventures, True Ventures and Matrix Partners also participated in the round, bringing the total investment to $20.9 million for the San Francisco company. Read More
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What Would Square’s Jack Dorsey Do?
New Relic CEO Lew Cirne asked himself a question upon embarking on developing a new startup inside the company he co-founded. He wondered: “How would Jack Dorsey do it?” Dorsey started Twitter and then Square. He is now Twitter’s chairman and runs Square, too. He innovates arguably more than any CEO in the startup world. And he had a system Cirne could use. Today… Read More
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