• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    New Relic Bolsters Channel Strategy and Appoints Riya Shanmugam as Group Vice President of Global Alliances and Channels

    11/30/21 9:00:00 AM ET
    $NEWR
    Computer Software: Prepackaged Software
    Technology
    Get the next $NEWR alert in real time by email

    Former Google Cloud, IBM, and Adobe executive to accelerate the company's channel strategy and partner expansion to bring a data-driven approach to observability to millions of engineers and developers globally

    New Relic (NYSE:NEWR), the observability company, announced at AWS re:Invent 2021, hosted by Amazon Web Services, Inc. (AWS), its plans to advance its alliances, partnerships, and channel program to bring a data-driven approach to observability to millions of engineers and developers globally. New Relic has appointed Riya Shanmugam as Group Vice President of Global Alliances and Channels to further develop and strengthen the company's partner strategy and channel programs. As enterprises across every industry and region continue to realize the benefits of cloud-based observability as an open, connected, and programmable practice for every engineer across every stage of the software lifecycle, partners will continue to be essential in bringing the value of New Relic One to more engineers.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211130005401/en/

    Riya Shanmugam has been appointed New Relic's first Group Vice President of Global Alliances and Channels. (Photo: Business Wire)

    Riya Shanmugam has been appointed New Relic's first Group Vice President of Global Alliances and Channels. (Photo: Business Wire)

    Cloud Veteran to Lead Charge with Partners

    Shanmugam joins New Relic from Adobe, where she was the Global Head of Cloud Adoption and Customer Success. Prior to Adobe, Shanmugam served as a customer engineering leader at Google Cloud. She has also held technical and strategic advisory roles for IBM, AMD, Infosys, and several hyper-growth startups. Shanmugam earned an MBA from the McCoy School of Business at Texas State University and a bachelor's degree in information technology from the Amrita School of Engineering. She is also a beneficiary of the Leadership Academy at Harvard Business School Executive Education and the Stanford Graduate School of Business for Executive Education.

    "New Relic's mission is to empower engineers with a data-driven approach to observability across the entire software lifecycle so they can plan, build, deploy, and run amazing software that powers amazing digital experiences. Cloud providers, resellers, service partners, MSPs, and technology partners are all crucial to expanding our global observability footprint," said Riya Shanmugam, Group Vice President of Global Alliances and Channels at New Relic. "I've spent my career working with technology innovators globally to solve complex business challenges through software. New Relic mirrors this experience in its philosophical mindset and in our pursuit to help engineers and developers do their jobs better, faster, more easily, and more efficiently. I'm eager to lead the global channel and alliances organization at a momentous point in the company's history."

    New Relic's Commitment to the Channel

    New Relic's Channel Sales Program had a record year in 2021, driven by its work with AWS and strong channel performance with partners Carahsoft, Megazone, Rackspace, SHI International, SoftwareONE, and others. Most recently, New Relic demonstrated its commitment to its partner ecosystem with several key initiatives, including a transition to usage-based pricing; the launch of New Relic Instant Observability, an open source ecosystem of 400+ quickstarts to help engineers instrument, dashboard, and alert their entire stack, featuring integrations with Cribl, Fastly, Gigamon, Kentik, Lacework, and Trend Micro; and a strategic five-year agreement with AWS.

    Shanmugam's first initiatives as Group Vice President of Global Alliances and Channels will be to strengthen New Relic's partner programs, empower the partner ecosystem with resources and tools, and further simplify doing business with New Relic for partners and customers. She will also enhance New Relic's global channel presence by working with global and regional partners and MSPs to further build practices and catalogs for the observability maturity journey and augment growth with new partners.

    "Enterprises of every size and industry are realizing that cloud-based observability solutions are powering modern business. As we see increased demand from our customers in the Americas and abroad, engaging and working with the channel on a global scale will be vital to New Relic's continued growth," said Steve Hurn, Chief Sales Officer at New Relic. "Riya brings significant skills and experience in creating value for customers and partners through nurturing a culture of innovation. We're thrilled to have Riya onboard to lead our next phase of partner and channel growth."

    For more information on New Relic partners, please visit our partner page. To learn more about our strategic partnership with AWS, check out our blog or visit New Relic on-site at AWS re:Invent (booth #1331).

    Additional Resources

    • New Relic and AWS: https://newrelic.com/partners/aws-monitoring
    • New Relic Careers: www.newrelic.com/about/careers

    About New Relic

    As a leader in observability, New Relic empowers engineers with a data-driven approach to planning, building, deploying and running great software. New Relic One delivers the only unified data platform that empowers engineers to get all telemetry—metrics, events, logs and traces—paired with the most powerful full stack analysis tools to help engineers get past the ‘what' to uncover the ‘why.' Delivered through the industry's only consumption pricing that's intuitive and predictable, New Relic gives engineers more value for the money by helping improve planning cycle times, decrease change failure rates, accelerate release frequency and reduce mean time to resolution. This helps the world's leading brands including AB InBev, Australia Post, Banco Inter, Chegg, Gojek, REI, Signify Health, TopGolf, World Fuel Services (WFS) and Zalora improve uptime and reliability, drive operational efficiency and deliver exceptional customer experiences that fuel innovation and growth. Uncover the ‘why' with New Relic at newrelic.com.

    Forward-looking statements

    This press release contains "forward-looking" statements, as that term is defined under the federal securities laws, including but not limited to statements regarding regarding the appointment of New Relic's Group Vice President of Global Alliances and Channels, the experience and business value this executive will bring, and her expected contributions to New Relic's long-term growth, strategy and innovation, including any anticipated benefits, results and future opportunities related thereto. 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-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.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20211130005401/en/

    Get the next $NEWR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $NEWR

    DatePrice TargetRatingAnalyst
    9/15/2023$95.00 → $87.00Buy → Neutral
    DA Davidson
    5/26/2023$75.00 → $95.00Sector Perform → Outperform
    RBC Capital Mkts
    5/24/2023$90.00 → $92.00Outperform
    Robert W. Baird
    5/24/2023$100.00 → $95.00Buy
    DA Davidson
    5/24/2023$65.00 → $77.00Hold
    Truist
    4/6/2023$100.00Buy
    DA Davidson
    1/9/2023$80.00 → $55.00Buy → Hold
    Truist
    12/15/2022$68.00Neutral
    Wedbush
    More analyst ratings

    $NEWR
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • New Relic downgraded by DA Davidson with a new price target

      DA Davidson downgraded New Relic from Buy to Neutral and set a new price target of $87.00 from $95.00 previously

      9/15/23 7:56:34 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • New Relic upgraded by RBC Capital Mkts with a new price target

      RBC Capital Mkts upgraded New Relic from Sector Perform to Outperform and set a new price target of $95.00 from $75.00 previously

      5/26/23 7:20:12 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • Robert W. Baird reiterated coverage on New Relic with a new price target

      Robert W. Baird reiterated coverage of New Relic with a rating of Outperform and set a new price target of $92.00 from $90.00 previously

      5/24/23 9:37:44 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology

    $NEWR
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Jana Partners Management, Lp converted options into 2,381 shares and returned 3,217,807 shares to the company (SEC Form 4)

      4 - NEW RELIC, INC. (0001448056) (Issuer)

      11/13/23 4:40:53 PM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • Lloyd Thomas J. returned 122,989 shares to the company and converted options into 116,449 shares, closing all direct ownership in the company (SEC Form 4)

      4 - NEW RELIC, INC. (0001448056) (Issuer)

      11/13/23 6:27:45 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • Numoto Takeshi returned 7,623 shares to the company and converted options into 2,705 shares, closing all direct ownership in the company (SEC Form 4)

      4 - NEW RELIC, INC. (0001448056) (Issuer)

      11/13/23 6:16:43 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology

    $NEWR
    Press Releases

    Fastest customizable press release news feed in the world

    See more

    $NEWR
    SEC Filings

    See more
    • New Relic Stockholders Approve Acquisition by Francisco Partners and TPG

      New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, announced that its stockholders have voted to approve the acquisition of New Relic by Francisco Partners and TPG in a special meeting held yesterday. As previously announced, under the terms of the merger agreement, New Relic stockholders will receive $87.00 per share in cash for each share of New Relic common stock that they own. More than 99% of votes cast at the meeting were voted in favor of the transaction. New Relic will file the final vote results, as certified by the independent Inspector of Election, on a Form 8-K with the U.S. Securities and Exchange Commission. The transaction is expected to clos

      11/2/23 7:00:00 AM ET
      $NEWR
      $TPG
      Computer Software: Prepackaged Software
      Technology
      Investment Managers
      Finance
    • New Relic Announces Second Quarter Fiscal Year 2024 Results

      Total revenue of $242.8 million, up 7% year over year GAAP operating margin of (8)%, non-GAAP operating margin of 19% New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced financial results for the second quarter of fiscal year 2024. Fiscal 2024 Second Quarter Results: Revenue: Total revenue was $242.8 million, up 7% from $226.9 million one year ago. Consumption revenue was $223.3 million, up 33% year over year. Gross Margin and Non-GAAP Gross Margin(1): Gross margin was 78.3%, compared to 71.5% one year ago. Non-GAAP gross margin was 79.7%, compared to 73.7% one year ago. Operating Income and Non-GAAP Operating Income(1): Loss from

      10/27/23 6:20:00 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • New Relic Named an APM Leader by GigaOm

      New Relic is closest to the center of the 2023 GigaOm Radar for APM, representing the highest overall value to customers and its leadership in innovation New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, announced it has been named a Leader in the 2023 GigaOm Radar for APM. The report positions New Relic closest to the center of all four axes (Innovation, Maturity, Feature Play, and Platform Play), outperforming direct competitors in the observability space, and as the only vendor with outstanding focus and execution across all Key Criteria and Evaluation Metrics. This position represents the highest overall value to customers seeking APM capabilities today

      10/20/23 11:00:00 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 15-12G filed by New Relic Inc.

      15-12G - NEW RELIC, INC. (0001448056) (Filer)

      11/20/23 7:45:27 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • SEC Form S-8 POS filed by New Relic Inc.

      S-8 POS - NEW RELIC, INC. (0001448056) (Filer)

      11/8/23 9:26:57 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • SEC Form S-8 POS filed by New Relic Inc.

      S-8 POS - NEW RELIC, INC. (0001448056) (Filer)

      11/8/23 9:26:27 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology

    $NEWR
    Financials

    Live finance-specific insights

    See more
    • New Relic Announces Second Quarter Fiscal Year 2024 Results

      Total revenue of $242.8 million, up 7% year over year GAAP operating margin of (8)%, non-GAAP operating margin of 19% New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced financial results for the second quarter of fiscal year 2024. Fiscal 2024 Second Quarter Results: Revenue: Total revenue was $242.8 million, up 7% from $226.9 million one year ago. Consumption revenue was $223.3 million, up 33% year over year. Gross Margin and Non-GAAP Gross Margin(1): Gross margin was 78.3%, compared to 71.5% one year ago. Non-GAAP gross margin was 79.7%, compared to 73.7% one year ago. Operating Income and Non-GAAP Operating Income(1): Loss from

      10/27/23 6:20:00 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • New Relic Announces First Quarter Fiscal Year 2024 Results

      Total revenue of $242.6 million, up 12% year over year GAAP operating margin of (14)%, non-GAAP operating margin of 15% Enters into definitive agreement to be acquired by Francisco Partners and TPG for $6.5 billion New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced financial results for the first quarter of fiscal year 2024. Fiscal 2024 First Quarter Results: Revenue: Total revenue was $242.6 million, up 12% from $216.5 million one year ago. Consumption revenue was $213.9 million, up 39% year over year. Gross Margin and Non-GAAP Gross Margin(1): Gross margin was 77.6%, compared to 70.5% one year ago. Non-GAAP gross margin was 79.4%

      7/31/23 9:01:00 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • New Relic to be Acquired by Francisco Partners and TPG for $6.5 Billion

      New Relic Shareholders to Receive $87.00 Per Share in Cash New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, today announced that it has entered into a definitive agreement to be acquired by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a leading global alternative asset management firm, for $87.00 per share in cash. The all-cash transaction values New Relic at an equity valuation of approximately $6.5 billion. The purchase price represents a premium of approximately 26% to New Relic's 30-day volume-weighted average closing price ending on July 28, 2023, and approximately a 30% prem

      7/31/23 9:00:00 AM ET
      $NEWR
      $TPG
      Computer Software: Prepackaged Software
      Technology
      Investment Managers
      Finance

    $NEWR
    Leadership Updates

    Live Leadership Updates

    See more
    • New Relic Expands Technology Partner Ecosystem with Over 100 Integrations

      New Relic integration ecosystem grows 25% to date in 2022, with additions from leading cloud services, open source tools, and enterprise technologies; appoints new VP of product partnerships to accelerate mature observability practices for engineering teams across all verticals and use cases New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, announced it has expanded its partner ecosystem to help organizations mature their observability practices. The company has grown its technology partner ecosystem by over 25% to date in 2022, and now offers integrations with 500+ cloud services, open source tools, and enterprise technologies to empower every engineer to st

      12/15/22 9:00:00 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • HashiCorp Appoints David Henshall to Board of Directors

      SAN FRANCISCO, Sept. 27, 2022 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), a leading provider of multi-cloud infrastructure automation software, today announced it has appointed David Henshall to its board of directors, effective immediately. Most recently Henshall held the role of chief executive officer at Citrix Systems. During his nearly two decades with the company he also held roles as chief operating officer and chief financial officer, overseeing the company's worldwide finance, operations, and administration organizations. "I'm thrilled to welcome David to HashiCorp's board of directors. I believe he'll bring a great deal of value to HashiCorp given his extensive experience

      9/27/22 4:05:00 PM ET
      $EVBG
      $HCP
      $NEWR
      Computer Software: Prepackaged Software
      Technology
      EDP Services
    • New Relic Adds AWS and Salesforce Executives to Leadership Roster

      Former AWS executive Siva Padisetty to lead Telemetry Data Platform and Global Infrastructure teams; former Salesforce executive Tia Williams joins New Relic to lead design and product experience New Relic (NYSE:NEWR), the observability company, announced the appointment of Siva Padisetty as SVP and GM, Telemetry Data Platform and Global Infrastructure and Tia Williams as GVP of Design and Product Experience. Padisetty joins New Relic from Amazon Web Services (AWS) where he served as GM of Management Tools. Williams joins New Relic from Salesforce where she served as Vice President of User Experience and Product Design. These appointments come on the heels of the announcement of former C3

      9/12/22 10:00:00 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology

    $NEWR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by New Relic Inc. (Amendment)

      SC 13G/A - NEW RELIC, INC. (0001448056) (Subject)

      2/14/24 7:41:26 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13D/A filed by New Relic Inc. (Amendment)

      SC 13D/A - NEW RELIC, INC. (0001448056) (Subject)

      11/13/23 10:48:46 AM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13D/A filed by New Relic Inc. (Amendment)

      SC 13D/A - NEW RELIC, INC. (0001448056) (Subject)

      8/1/23 1:38:06 PM ET
      $NEWR
      Computer Software: Prepackaged Software
      Technology