×

Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

New Relic Set to Be Acquired by Francisco Partners and TPG – Merger Arbitrage Mondays

  • August 7, 2023

Key Highlights

  • New Relic (NEWR) to be acquired by Francisco Partners and TPG for $5.75 billion
  • Francisco Partners and Symphony Technology Group are among private equity firms competing to buy Avid Technology (AVID).
  • Bain Capital is nearing a potential deal to take Chindata Group Holdings Ltd. (CD) prviate.

New Relic (NEWR)

Headquartered in San Francisco, New Relic functions as a web tracking and analytics firm, offering cloud-based software that enables websites and mobile apps to monitor user interactions and the operational performance of software and hardware used by service providers. While certain companies have names that clearly indicate their services, others may not reveal their purpose immediately.  “New Relic,” however, is an anagram of its founder Lew Cirne’s name.

New Relic’s platform gathers over 3.1 exabytes of data annually, handles more than 333 billion web requests daily, and processes over 4,000 queries per second. This system enables the consolidation, organization, visualization, and examination of data, aiming to deliver valuable analytics to its clientele.

Only plus or premium subscribers can access this post. Subscribe today.