September 26, 2023
New Relic Launches Session Replay
Video-like playback feature includes privacy controls like encryption and obfuscation New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, launched New Relic Session Replay to provide engineers with vital context through a video-like playback feature to reproduce and resolve issues faster. With this, engineers gain a deeper understanding of users’ interactions and optimize digital experiences with a granular view of telemetry data, down to the code level. Provided as an integrated capability of the New Relic all-in-one observability platform, engineers now have a cost-effective way to capture and scale the number of sessions while also increasing data flow and driving new users to the New Relic platform. According to the New Relic 2023 Observability Forecast , organizations clearly see the value of observability, with 41% of respondents receiving more than $1 million in total annual value. Even so, many still experienced hurdles to achieving full-stack...
September 14, 2023
New Relic Announces Completion of “Go-Shop” Period
Hart-Scott-Rodino waiting period has expired Acquisition by Francisco Partners and TPG remains on track to close late 2023 or early 2024 New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced the completion of the 45-day “go-shop” period pursuant to the terms of the previously announced definitive agreement to be acquired by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a leading global alternative asset management firm, for $87.00 per share in cash, representing an equity valuation of approximately $6.5 billion (“the Transaction”). The “go-shop” period concluded at 11:59 p.m. Pacific time on September 13, 2023. During the “go-shop” period, at the discretion of the Company’s Board of Directors, New Relic and representatives of Qatalyst Partners, financial advisor to the Company, actively solicited alternative acquisition proposals from 53 potentially interested strategic and...