Software analytics company New Relic, Inc. (NYSE: NEWR) announced that the company has been recognized and positioned by Gartner as a leader for the fourth consecutive year in the December 2015 “Magic Quadrant for Application Performance Monitoring Suites” report by Cameron Haight, Will Cappelli, and Federico De Silva.
In the report, Gartner projects that “by 2020, 60 percent of Application Performance Monitoring (APM) buyers will reside outside of IT operations organizations, up from less than 35 percent today.” New Relic identified this trend early on and designed its solutions to deliver software analytics data to bridge multiple functions across an organization. Developers, IT operations, and business leaders all need to have the right data at their fingertips in order to make smarter decisions, be more responsive to customer demands, and deliver engaging customer experiences.
Another trend Gartner discusses in their report is that SaaS-based APM solutions are having a much bigger impact than ever. The firm notes that “releases of new products and features are occurring much more rapidly due to a combination of SaaS-based delivery models and the adoption of agile development methods.” Given New Relic is a pure, multi-tenant SaaS solution, customers can benefit from a rapid pace of innovation by the company.
“We are excited to be recognized for the fourth consecutive year as a Leader in Gartner’s Magic Quadrant for Application Performance Monitoring Suites,” said Lew Cirne, CEO and founder of New Relic. “It has been an important year for New Relic in our mission to advance the APM market to the cloud and help customers large and small make the most of software analytics. These efforts have never been more important given the critical role software plays for companies in relating to their customers. New Relic is dedicated to helping companies unlock the data from their software to achieve better application performance, customer experience, and business success.”
Notable recent milestones for New Relic and the software analytics market include:
● In December 2014, New Relic listed on the New York Stock Exchange as NEWR;
● In May, Gartner reported New Relic as one of the Top 10 vendors ranked by revenue, and that the company’s growth was recorded at 71.3 percent, about 4.5 times faster than the entire APM market. (Gartner Market Share Analysis for Application Performance Monitoring, 2014, May 2015);
● New Relic launched an app-centric view of Docker monitoring in June, addressing the lack of monitoring visibility with Docker containers for IT operations teams;
● At AWS re:Invent, New Relic previewed new Amazon EC2 monitoring capabilities to enable developers and IT operations to adapt to transient workloads;
● New Relic acquired Opsmatic, announced in November, to bring live-state infrastructure monitoring to DevOps teams;
● In November, New Relic also announced second quarter fiscal 2016 financial results, with revenues of $42.9 million, up 69 percent year over year, and 12,840 total paid business accounts;
● At the company’s annual conference, FutureStack15, the company expanded the New Relic Software Analytics Cloud. Delivering a single platform with real-time analytics embedded into every product, New Relic is reinventing how organizations measure application performance, customer experience, and business outcomes.
About New Relic Software Analytics Cloud
A multi-tenant, integrated Software-as-a-Service (SaaS) platform, the New Relic Software Analytics Cloud is designed to enable companies to understand every customer's experience at a granular level across a vast range of dimensions. Dimensions can be related to performance (timing, errors, crash), user experience (sessions, interactions, pageviews), business outcomes (SKUs, revenue, customer ID), geography (country, zip code, ISP), or even customer-added attributes. Underpinning the New Relic Software Analytics Cloud to make sense of this massive amount of data is NRDB, which is designed to process more than two million events per second. As part of New Relic’s scalable cloud-based architecture, NRDB provides companies a powerful analytics engine, without organizations having to invest the time and expense to build and maintain their own.
About the Magic Quadrant
Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
A copy of the 2015 Magic Quadrant for Application Performance Monitoring Suites report is available here.
Additional thoughts on the 2015 Magic Quadrant for Application Performance Monitoring Suites and the APM market can be found on the New Relic blog.
This press release contains "forward-looking" statements, as that term is defined under the federal securities laws, including but not limited to, market trends and characteristics, New Relic’s future growth prospects and ability to succeed, features of the New Relic Software Analytics Cloud, including availability, effect on the market and potential benefits to customers, benefits of the acquisition of Opsmatic, and conclusions by Gartner’s researchers. 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-Q, 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.