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Summary:

Application-performance management has been hot lately, and New Relic has the revenue and customer growth to prove it.

Data Nerd Express_Lew Cirne

The application-performance management (APM) world has seen lots of action lately. Providers such as AppDynamics, AppNeta and New Relic have taken on hefty lots of venture funding this year.

That’s why it’s no surprise that New Relic — honing in on a public offering as soon as next year, CEO Lew Cirne has said — has strong revenue growth, customer growth and enterprise adoption in particular to report.

In the first quarter of 2013, the company posted 130 percent more revenue than in the first quarter of 2012, according to figures it provided to GigaOM, but it did not disclose actual dollar figures. Customer growth was up 134 percent, AND enterprise customer growth specifically came in 65 percent ahead year over year, it said. New Relic can also now call Comcast, General Electric and Saks Fifth Avenue its customers.

The mobile APM capability New Relic released last month has proven compelling to customers, judging by the early adoption that’s happened so far. More than 1,000 iOS and Android mobile apps are now being monitored through the New Relic mobile tool, including the Nike Running app and an app from the Wanelo social shopping site, said Patrick Moran, New Relic’s vice president of marketing.

Will New Relic add network monitoring, like competitor AppNeta? WIll AppNeta, AppDynamics, Compuware and others with APM offerings introduce new products, forcing New Relic’s hand? Or will New Relic just keep on keeping on with its current feature set? With more companies recognizing that real-time insight into performance helps devops respond more quickly and keep customers happy, there are plenty of topics for discussion as this market grows.

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  1. “New” APM vendors like New Relic are attacking new markets with new value that legacy vendors are completely blind to. Those new markets include new languages, new deployment platforms (cloud), new devices (mobile), and entirely new data center architectures like the SDDC (see below)

    SDDC Application Performance Management http://www.virtualizationpractice.com/sddc-application-performance-management-21497/

  2. Why aren’t you writing about the rest of the APM vendors doing SaaS and providing growth… Biased article here, not that New Relic isn’t doing very well.

    1. Jonah,

      What are some of the vendors that you think should get GigaOM coverage?

      Dev

  3. Jordan Novet Wednesday, May 1, 2013

    Yes, Jonah, if you have some suggestions, I’d love to hear them.

  4. William Louth Wednesday, May 1, 2013

    Can you please stop (re)defining “real-time” to equate to “we send our data measurements back to the mothership every 1 MINUTE”?

    Real-time for most of us monitoring enterprise systems & services and not just RoR web apps is at the second level if not even lower.

  5. Hi Jordan,

    I am one of the cofounders for Graphdat (http://www.graphdat.com), we would love to talk to you about what is going on with us.

    We are an up and coming player in the APM world, with true real time metrics (at the second level), with a really easy installation experience and amazing graphs that you can put up on a wallboard, or embed anywhere you want.

    If you are interested, drop us a line.

  6. @Jordan – I’d love to chat with you about what we are doing in this space at Sematext, where we’ve recently launched SPM, a service that monitors Hadoop, HBase, ElasticSearch, Solr, SenseiDB, JVM, server metrics, with built-in alerts, and more, where we are launching a Log Analytics service, and another complementary service later this year. Contacts: @otisg or @sematext or http://sematext.com/about/contact.html

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