• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechPoint Cloud

New Relic’s Latest Defense Against Downtime

By
Heather Clancy
Heather Clancy
Down Arrow Button Icon
By
Heather Clancy
Heather Clancy
Down Arrow Button Icon
August 24, 2016, 3:31 PM ET
Courtesy of New Relic

Companies are always fighting to prevent technical glitches like sloppy coding and data center snafus from taking their critical software and web sites offline.

Keeping tabs on all these potentially costly behind-the-scenes interruptions usually requires paying for multiple monitoring services that provide various dashboards to track the problems.

Software company New Relic (NEWR) is trying to simplify the process by making it possible to monitor corporate technology infrastructure problems in one place and make it easier for managers to identify the source. A test version of the product, called New Relic Infrastructure, debuted with some of the company’s 14,000 customers in mid-August and should be more widely available by the end of the year, according to New Relic CEO Lew Cirne.

The new service was developed to reflect the increasingly complex nature of corporate data centers that involves companies using a mix of servers and databases operating in-house and with public cloud service providers such as Amazon Web Services, Microsoft, and Google, Cirne said. The new service builds on technology acquired through New Relic’s acquisition in November of Opsmatic, an early-stage startup focused on monitoring cloud servers.

“By far, the most common cause of an outage is a configuration change. There was good intent, but the change had a negative impact,” Cirne told Coins2Day. “But often, this is an invisible event.”

New Relic, which first gained traction in the field of “application performance monitoring,” held a successful initial public offering in 2014. Some of its high-profile accounts include Major League Baseball and Airbnb. (Coins2Day‘s parent company Time also uses New Relic’s software.)

Since that time, the number of software startups that sell systems for helping businesses monitor mission-critical applications and computing infrastructure has multiplied. One of New Relic’s more vocal rivals include AppDynamics, which hired a new CEO last year in preparation for its own IPO. The list also includes Datadog, which added $94.5 million in funding early this year.

Get Data Sheet, Coins2Day ’s daily technology newsletter.

New Relic had $58.6 million in sales for its quarter ending June 30, a 58% increase over the year-earlier period, and a 36 cents per share loss. The company closed its first “seven-figure” deal during that quarter with a global retailer that it declined to disclose.

For its current quarter, New Relic anticipates revenue of $61 to $62 million. Its longer-term outlook (as of its last financial report on Aug. 2) calls for full-year revenue of $251 to $255 million.

In mid-day trading Wednesday, New Relic’s shares were at $36.27. That’s above its IPO price of $23 per share, but below the one-year high of almost $40 that it reached last November.

About the Author
By Heather Clancy
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.