Digital intelligence leader New Relic, Inc. (NYSE: NEWR) announced plans to establish its first European availability zone for its Digital Intelligence Platform located in Germany. Upon its expected launch in 2018, customers will be able to access the full power of New Relic’s cloud-based platform, while having the confidence that their data remains within Europe. With 44 percent year-over-year revenue growth in the EMEA region (Europe, Middle East, and Africa) from fiscal year 2016 to 2017, New Relic has driven success with leading enterprises across the region. The announcement supports the company’s broad international growth plan.
“Enterprises across Europe are moving to the cloud, adopting DevOps, and creating new digital customer experiences to drive business growth––and they need a single platform to monitor the success of these critical efforts,” said Lew Cirne, CEO and founder, New Relic. “With the announcement of our planned European availability zone in Germany, we are doubling down on our commitment to servicing our customers across Europe, which has so much opportunity.”
“Revenues of Public IT Cloud Services in Western Europe are expected to grow 23 percent CAGR to $41.4 billion from 2015 to 2020,” said Michael Ceroici, research analyst, European Datacenter Group, IDC. “As European Public Cloud Services play catch up with the market in North America, IDC expects growth will be driven by increased confidence in cloud security developments, broader cloud adoption among European SMEs, and the desire to streamline datacenter ownership and maintenance costs.”
New Relic’s Growing Presence in Europe
New Relic has expanded its team across Europe to offer increased partnership and support to its growing global customer base. The company has offices focused on sales and service in Dublin, London, Munich, and Zürich. In addition, in 2015 New Relic announced its European Development Center in Barcelona, responsible for creating new platform innovations across the New Relic Digital Intelligence Platform, including recently expanded integrations with Amazon Web Services.
The New Relic Digital Intelligence Platform
The New Relic Digital Intelligence Platform is a SaaS solution that delivers full-stack visibility into the performance of digital initiatives––from the underlying host, through the application to the end-user experience. Innovative enterprises throughout Europe use New Relic’s platform to gain powerful analytics and actionable insights that help them build and run modern digital businesses. New Relic’s platform is powered by a multi-tenant cloud database, which is built to scale during peak business events, such as holidays or sales, allowing companies to have visibility into their systems when they need it most.
FutureStack: Berlin Features Digital Leaders from ProSiebenSat.1, Allianz X, Amazon, Verivox, and Lotto24
The announcement was made at FutureStack: Berlin, New Relic’s first-ever full day event for customers and partners in Germany. The Berlin event featured a keynote from Founder and CEO Lew Cirne, and real-world success stories from ProSiebenSat.1, Allianz X, Amazon, Verivox, and Lotto24. It also included hands-on product trainings and networking events for customers to connect with peers across industries. New Relic kicked off its global FutureStack Tour to a sold-out crowd in London last month and plans to host additional events in New York City, San Francisco and Sydney in the coming months. For event details and information on speakers, please visit the website.
This press release contains “forward-looking” statements, as that term is defined under the federal securities laws, including but not limited to statements regarding New Relic’s plans to open an availability zone in Europe, including the timing for opening of the availability zone as well as its specific location within Europe, market and customer trends and opportunity, attendance, benefits of attendance and topics covered at FutureStack: Berlin, and additional FutureStack Tour events. 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.