Software analytics company New Relic, Inc. (NYSE:NEWR) today announced that revenue in Europe, Middle East and Africa (EMEA) increased by 94 percent year-over-year from fiscal year 2014 to fiscal year 2015. Revenue from EMEA grew to 19 percent of the company’s total revenue in fiscal year 2015, demonstrating a growing importance of the region to New Relic’s increasingly global business.
“Every business is becoming a software business and New Relic is excited to help companies around the globe build and manage beautiful software,” said Lew Cirne, New Relic CEO and founder. “The New Relic Software Analytics Platform is designed to help companies play offense with software to provide insights into their application performance, customer experience and ultimately drive business success.”
Leading brands across Europe, including Bauer Media Group, Burberry, ClearScore, Confused.com, Rightmove and Zalando have chosen New Relic to provide tools to help them manage their digital initiatives, cloud migration and more. Since its formation, New Relic has prided itself on being a pure-play, multi-tenant SaaS vendor for software analytics. As a result, New Relic’s customers can enjoy the many benefits of the SaaS model, including the ability to deploy in minutes, automatic upgrades, and not having additional on-premise hardware or software to manage.
Supporting Customer and Partner Quotes
"Rightmove connects U.K. home hunters with properties through software, and New Relic helps us ensure that our software is running and delivering the best possible customer experience. We are a data-driven business and are proud to partner with New Relic as the leader in software analytics,” said Tim Harding, Head of Operations at U.K.-based Rightmove.
“With New Relic, we were able to get to the cloud faster, meaning we could deploy faster and get our games out to users faster. New Relic was an integral part of moving to the cloud and continues to give us the constant clarity and confidence we need to run great apps,” said Dave Shanker, Head of Technical Operations at U.K.-based Miniclip.
"New Relic provides 7digital with the insight we need to get our music to listeners around the world. Thanks to New Relic and others, we have the real-time data we need to constantly tune our products and improve the listening experience,” said Paul Shannon, VP of Technology at U.K.-based 7digital.
“With over 600 magazines, 400 digital products and 50 radio and TV stations, the Bauer Media Group aims to deliver the best customer experience to our millions of viewers across the globe. We have implemented New Relic to get easy-to-understand and yet detailed insights about our user experience and the overall performance of our digital products. New Relic helps us to quickly identify and resolve potential issues, and fundamentally better understand our business,” said Dr. Stefan Link, COO at Bauer Xcel Media Germany / Bauer Media Group, a global media company headquartered in Hamburg, Germany.
“The Zalando team is shifting toward a microservices architecture to help us to move faster and keep code complexity low as our team grows. Monitoring with New Relic is crucial for continuing to build a great product and deliver a top-notch shopping experience for our customers,” said Alexander Kops, Delivery Lead for Brand Solutions at Germany-based Zalando.
“Trustpilot relies on New Relic for in-depth, real-time data for understanding how our product is performing across the entire stack. New Relic allows us to deliver the best possible user experience for our community of business reviewers,” said Rudy Martin, VP of Operations at Denmark-based Trustpilot.
"Rackspace is excited to partner with global cloud leaders like New Relic. New Relic is a natural complement for Rackspace customers around the world, as these modern companies look to understand and boost performance of their apps,” said Jeff Cotten, Managing Director, International, at Rackspace.
New Relic Announces New European Development Center in Barcelona
New Relic also announced an expansion of its Barcelona, Spain, office into its new European Development Center. In October 2014, New Relic established its original Barcelona office through the acquisition of Few Ducks, S.L., or Ducksboard, a privately held startup focused on the data-visualization market. New Relic is focused on hiring technical talent from across Europe to continue to grow its Barcelona office and develop new technologies.
Meanwhile, the company has also grown its broader European team. In fiscal year 2015, New Relic added field representatives in the U.K. to address demand for the software analytics market and reach more customers. The company also increased headcount in Dublin in order to allow for continued growth for its customer support and sales teams in Ireland.
Gartner Reports Strong Growth for APM Worldwide and in EMEA
One of markets that the New Relic Software Analytics Platform participates in is the Application Performance Monitoring (APM). According to Gartner, spending for APM software spending accelerated 15.8 percent to $2.6 billion worldwide in 2014, which was the fastest growing technology segment in the broader IT Operations and Management marketplace. For EMEA (Western Europe, Eastern Europe, Middle East/North Africa) Gartner reported 15.3 percent in regional revenue growth year over year, ranking it second only to North America, according to the May 27, 2015 “Market Share Analysis: Application Performance Monitoring, 2014” report written by Federico de Silva.
About New Relic Software Analytics Platform
The New Relic Software Analytics Platform is a market-leading multi-tenant SaaS software analytics platform built for modern architectures. New Relic's integrated products (APM, Browser, Insights, Mobile, Plugins, Server, and Synthetics) are designed to allow developers and IT operations to manage the performance of their applications and create new digital customer experiences. New Relic's platform can help companies make better, data-driven decisions using real-time data from production software.
This press release contains “forward-looking” statements, as that term is defined under the federal securities laws, including but not limited to statements regarding the benefits of the New Relic Software Analytics Platform and the SaaS model, New Relic’s position in the software analytics market, New Relic’s future international expansion, including in Barcelona, the U.K. and Dublin, customer and revenue growth for APM and in EMEA, and the importance of EMEA on New Relic’s global business. The achievement or success of the matters covered by such forward-looking statements are based on New Relic’s current assumptions, expectations, and beliefs and are subject to substantial risks, uncertainties, assumptions, and changes in circumstances that may cause New Relic’s actual results, performance, or achievements to differ materially from those expressed or implied in any forward-looking statement. Further information on factors that could affect New Relic’s financial and other results and the forward-looking statements in this press release is included in the filings we make with the SEC from time to time, including in New Relic’s most recent Form 10-K, particularly under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Copies of these documents may be obtained by visiting New Relic’s Investor Relations website at http://ir.newrelic.com or the SEC's website at www.sec.gov. New Relic assumes no obligation and does not intend to update these forward-looking statements, except as required by law.