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Summary: New Relic s transition to more customer-friendly operating model is underway, but it s going to need to be explained a few more times to Wall Street.
(Pixabay)
The changes New Relic made to its go-to-market strategy last year, to shift from a subscription to a consumption model, are seeing traction among customers, says CEO Lew Cirne, but the transition is taking time:
Over the past year, we ve made important changes to our go-to-market and product strategy, all in service of simplifying the observability market. And our financial results for the third quarter reflect the early response from customers to these changes…while we re pleased with our early momentum and feel good about our path forward, it s important to note that we re just getting started executing on our consumption model.
New Relic acquires Kubernetes observability platform Pixie Labs daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Pixie Labs to expand New Relic’s opportunity in the rapidly growing Kubernetes market
SAN FRANCISCO–(BUSINESS WIRE)–#Kubernetes–Today, New Relic, Inc. (NYSE: NEWR), a leader in observability, announced it has signed a definitive agreement to acquire Pixie Labs, a next generation machine intelligence observability solution for developers using Kubernetes. Pixie dramatically simplifies the process of troubleshooting and live debugging applications in Kubernetes environments by providing instant access to telemetry data without the need to manually add instrumentation to the code. The anticipated addition of Pixie will expand New Relic’s opportunity to serve the rapidly growing Kubernetes market, and drive the acceleration of observability across organizations of every size.
Zain Asgar, Ishan Mukherjee, Pixie Founding TeamDecember 09, 2020
We are excited to announce that we signed a definitive agreement to join New Relic an outcome we certainly never predicted after only just two years.
New Relic’s focus on the developer is legendary. When New Relic s Founder/CEO, Lew Cirne, first started tinkering around with Pixie and participating in our community, we noticed an alignment in our visions for the future of observability, as well as echoes of New Relic’s developer-centric roots in Pixie. Joining New Relic will provide us with an unprecedented opportunity to reach millions of developers faster by open-sourcing a self-managed version of Pixie in the upcoming months.