New Relic’s Next Chapter

New Relic's former CEO, Bill Staples, announced the company's acquisition by Francisco Partners and TPG, which will accelerate its strategy without changing its vision or values. The acquisition is expected to bring more value to customers efficiently, with customer, revenue, and operating income growth rates increasing. The change in ownership does not affect New Relic's focus on its customers' success, and the team remains committed to delivering a trusted partner experience. The transaction has been announced with a special stockholder meeting planned, and investors are advised to read the definitive proxy statement for important information about the proposed merger.