Software analytics leader New Relic, Inc. (NYSE: NEWR) announced today a new cloud pricing option to help customers expand and standardize their monitoring coverage across their applications running on cloud infrastructure. The new pricing option is tailor-made for the pricing approaches of public cloud leaders, creating a scaled range of prices for New Relic APM to match up with different instance sizes offered by the public cloud providers.
Public cloud providers have seen tremendous growth, in part because they allow companies to provision infrastructure resources on demand to support the business. This means that cloud-based workloads tend to vary significantly from applications running on physical servers inside a company’s data center, both in terms of the size and lifespan of the workload. Under New Relic’s new cloud pricing option, customers license based on the types of instances they expect to use and how they plan to use them.
“New Relic is the world’s leading cloud-based monitoring platform, helping our customers move their workloads to public cloud platforms like Amazon Web Services, Microsoft Azure and Google Cloud Platform,” said Lew Cirne, founder and CEO, New Relic. “We are committed to offering our customers a choice of pricing options as they continue to expand and standardize on New Relic across their computing environments.”
“At Credit Sense we are building a cutting edge platform that redefines the financial and lending sector. The new iteration of our platform was built on Amazon Web Services infrastructure to support our highly scalable micro-services architecture. Real-time visibility, instant access to key metrics of the platform and the business were amongst the top requirements. New Relic APM in combination with New Relic Insights enabled us to gain a full real-time visibility, set benchmarks, and measure ongoing performance of these micro-services in the cloud," said Roman McBride, technical manager, Credit Sense. "New Relic's cloud pricing option offers us flexibility to align our monitoring needs with the power of Amazon Web Services elastic scalability. Thanks to New Relic, we now have a single interface for all of our performance and business monitoring needs. New Relic APM was the only cost effective product that allowed us to scale our infrastructure elastically without losing any visibility in the process.”
Additional Resources and Availability
Beginning today, New Relic's cloud pricing is available as an option for New Relic APM Essentials and Pro subscriptions for customers who manage their applications on cloud services. Customers with on-premise environments can continue to purchase via New Relic’s existing host-based pricing model.
This press release contains “forward-looking” statements, as that term is defined under the federal securities laws, including but not limited to statements regarding market trends and dynamics, particularly with respect to the current and future pricing models and methods of public cloud providers, as well as the benefits of the new cloud pricing option to New Relic and its customers. 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 New Relic makes 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.