New Relic going private again via private equity(ir.newrelic.com)
ir.newrelic.com
New Relic going private again via private equity
https://ir.newrelic.com/press-releases/Press-Release-Details/2023/New-Relic-to-be-Acquired-by-Francisco-Partners-and-TPG-for-6.5-Billion/default.aspx
2 comments
RIP. Unfortunately this will mean more layoffs and paring things down to just ride out into the sunset as a cash cow for a decade. I'm preemptively sad for the further cuts they'll be making to their already diminished role in OpenTelemetry, as I'm sure a PE firm has no interest in continuing the advancement of open standards.
Private equity, eh? RIP New Relic.