New Relic represents yet a third category of companies helping drive the move toward the cloud: those offering tools for developers to help companies manage their environments and that run across apps.
New Relic, for example, offers a sort of aircraft control system for apps running on on a company’s stack. It enables a company to peer into the performance of apps, including data and metrics indicating whether they are running securely and robustly.
It’s growing at a rapid pace: New Relic boosted revenues by 130 percent in the most recent quarter, and the company says it is poised to hit a $100M run-rate by end of its 2013 fiscal year.
New Relic provides companies with visibility into their apps, not just at the code level but also by pulling in data about everything that an app syncs with — across multiple languages (Ruby, Java, Node, PHP, etc.), service apps, and hybrid cloud infrastructures.
New Relic competes against AppDynamics, another company seeing very strong growth. Until now, AppDynamics has targeted midsized to large companies that often run their apps on-premise and behind a firewall. New Relic has so far focused on its SaaS offering — finding more resonance among smaller or midsized companies.
But New Relic is clearly moving up-market. It has increased customer accounts by more than 10,000 in the most recent quarter, bringing the total 50,000. It is also benefiting from the release of its API, so that third-party companies can build app plugins to perform their own data analysis within apps.
If you’ve used New Relic, please let us know what you think, and get our free full report when it is released next month.