New Relic to go private in US$6.5 billion deal

By

All-cash deal made by TPG and Francisco Partners.

New Relic to go private in US$6.5 billion deal
New Relic said it has agreed to be taken private by TPG and Francisco Partners in a US$6.5 billion ($9.7 billion) all-cash deal amid stiff competition in the application performance monitoring space from rival software companies Datadog and Dynatrace. New Relic's shares rose about 13 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
cloudnewrelicsoftware

Sponsored Whitepapers

Operational excellence is a key part of system modernisation
Operational excellence is a key part of system modernisation
Barracuda’s security portfolio give MSPs teeth to help customers overcome cybersecurity challenges
Barracuda’s security portfolio give MSPs teeth to help customers overcome cybersecurity challenges
The State of Zero Trust Transformation, 2023
The State of Zero Trust Transformation, 2023
How Mainframe Modernization Begins with Application Modernization
How Mainframe Modernization Begins with Application Modernization
Insights Driven by Data. Verify, and keep verifying: Cybersecurity in a zero-trust world
Insights Driven by Data. Verify, and keep verifying: Cybersecurity in a zero-trust world

Most Read Articles

RBA reveals three-year project to upgrade payment IT systems

RBA reveals three-year project to upgrade payment IT systems
Microsoft ending support for Windows 10 could send 240 million PCs to landfills

Microsoft ending support for Windows 10 could send 240 million PCs to landfills
Intel spins out AI software firm

Intel spins out AI software firm
CBA backs GitHub automations to get new features to customers faster

CBA backs GitHub automations to get new features to customers faster

Digital Nation

More than half of loyalty members concerned about their data
More than half of loyalty members concerned about their data
Health tech startup Kismet raises $4m in pre-seed funding
Health tech startup Kismet raises $4m in pre-seed funding
State of Security 2023
State of Security 2023
COVER STORY: What AI regulation might look like in Australia
COVER STORY: What AI regulation might look like in Australia
How eBay uses interaction analytics to improve CX
How eBay uses interaction analytics to improve CX

Log In

  |  Forgot your password?