Observability and security are two critical components of modern software development that are often intertwined. Observability provides a window into the inner workings of complex systems, while security ensures that those systems are protected from threats.
New Relic's solutions are designed to help developers and security teams work together more effectively. By providing a unified platform for observability and security, New Relic enables teams to identify and address potential vulnerabilities before they become major issues.
This approach is particularly important in today's cloud-first world, where applications are increasingly distributed and complex. As a result, security threats can emerge from anywhere, making it essential to have a comprehensive view of system performance and behavior.
Cloud Adoption Drivers
Cloud adoption is driven by the need for faster delivery times, with companies in India pushing for under 10-minute delivery. This shift requires a completely different mindset and observability becomes crucial.
Businesses are writing applications that are increasingly critical, making predictability and business insights essential. Digital-native businesses in India use observability to monitor overall customer experience, tracking everything from customer transactions to their software stack.
Companies are moving to the cloud to manage and monitor their applications, and also to optimise cloud costs. One customer saved up to 30-40% of their cloud costs using observability.
In Japan, quality is paramount when transitioning to digital applications, and observability ensures that nothing breaks. This approach has been successful for New Relic's Japanese business.
The telecom industry is transitioning from traditional telcos to 'techcos', and observability plays a key role in this transformation.
Observability and Security Intersection
Observability enables us to shift even further left in the development process, catching issues earlier and saving time downstream.
In the security industry, there's been a long-standing focus on 'shifting left' – catching issues early to save time downstream. This approach is being taken to the next level with observability.
With observability, we can test for vulnerabilities before the code is released, during testing, or while the code is running. This "shift left of left" approach is why I believe security will be the next major area where observability will play a crucial role.
The next step for our industry is to leverage the massive amount of data that observability vendors collect and use it to prevent attacks in real-time.
Frequently Asked Questions
What happened to New Relic, Inc.?
New Relic was acquired by private equity firms Francisco Partners and TPG Inc. in November 2023 for approximately $6.5 billion, marking a significant change in the company's ownership.
Who is the parent company of New Relic?
New Relic is owned by Francisco Partners, a private equity firm, following its acquisition in 2023. The company is no longer publicly traded.
Who bought New Relic?
New Relic was acquired by Francisco Partners and TPG in an all-cash deal. The acquisition valued New Relic at approximately $6.5 billion.
Why did New Relic go private?
New Relic went private to accelerate its business model transformation and expansion plans, allowing for more strategic decision-making outside of public market pressures. The $6.5 billion acquisition by Francisco Partners and TPG facilitated this transition.
Sources
- https://www.computerweekly.com/news/366605613/New-Relic-CEO-on-APAC-growth-and-future-of-observability
- https://newrelic.com/press-release/20240709
- https://caribbeannewsglobal.com/new-relic-to-be-acquired-by-francisco-partners-and-tpg-for-6-5-billion/
- https://techcrunch.com/2022/02/16/new-relic-launches-its-new-infrastructure-monitoring-experience/
- https://www.apnnews.com/new-relic-announces-one-step-observability-for-kubernetes-to-deliver-automatic-instrumentation-and-insights/
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