Francisco Partners and TPG to acquire observability platform New Relic for $6.5bn
Technology investment leaders, Francisco Partners and TPG, have agreed to purchase the renowned observability platform New Relic (NYSE: NEWR) for $87 per share in an all-cash transaction. This purchase values New Relic at an approximate equity valuation of $6.5 billion. Positioned as a frontrunner in the field of observability, New Relic arms engineers with a […]