SAN FRANCISCO: New Relic, a platform that helps engineers monitor and optimize their software, has appointed Ashan Willy as its new CEO. Willy, who has over 25 years of experience in the tech industry, will take over from December 4. He was previously the CEO of Proofpoint, a cybersecurity and compliance company, where he led…
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TPG and Francisco Partners to acquire New Relic
New Relic has agreed to be taken private by TPG and Francisco Partners in a $6.5 billion all-cash deal, the company said on Monday. The private equity firms have offered New Relic shareholders $87 per share held, representing a premium of 17.5% to the stock’s closing price on Friday. New Relic’s cloud-based software allows websites and…