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New Relic is the Latest Big Data Software Analytics Company to IPO – TheStreet

August 9, 2023
in Trade Tube
Reading Time: 1 min read
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CEO Lew Cirne says New Relic is the leader in software analytics and the company’s focus is on the software that powers modern digital businesses since software is the primary way companies connect with their companies. New Relic collects trillions of events in real-time from live software and that data is used to help make the software better in production. Cirne expects more software delivered to production than ever before and he positive on IT spend and Capex in 2015. He says there are two ways to think about spending on technology: playing defense to reduce cost and playing offense to deliver entirely new innovations. Cirne believes this was a great time to go public on the New York Stock Exchange because New Relic is ready and the company is growing. Proceeds from the IPO will go back into company in the form of investment across all verticals.

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