New Relic Opens Product Innovation Center in Hyderabad, India
The new development center taps into world-class talent to advance innovation on the New Relic observability platform in areas of APM, security, partner integrations, and more.
HYDERABAD, India, October 19, 2022–(BUSINESS WIRE)–New relic (NYSE: NEWR), the observability company, is building an ambitious growth strategy in India by opening its second office in the country, seven months after opening its first Indian office in Bengaluru. The Hyderabad Development Center, a product and engineering hub, will support the world’s fastest growing talent pool of developers to advance new products on the New Relic observability platform by bringing l focus on core APM and security capabilities, partner integrations, and customer experience.
As Indian organizations strive to leverage technologies such as blockchain, edge computing, hybrid cloud and 5G to deliver excellent customer experiences, observability has become a critical factor in driving the innovation, availability and reliability. Since its breakthrough in 2020, India is now the fastest growing market for New Relic in Asia. New Relic has strengthened its offerings in key industries, including e-commerce, media and entertainment, retail, financial services and healthcare, with customers including Swiggy, HealthifyMe, Practo, Unacademy, Capillary Technologies, CaratLane and ZestMoney. The product development and engineering center in Hyderabad is part of the company’s plans for rapid growth in the country over the next five years by strengthening its team and capabilities in new verticals. Over the next six months, New Relic plans to grow its team in Hyderabad by 150%.
“We have taken another step in India and strengthened our commitment to contributing to the country’s tech ecosystem,” said Manav Khurana, Chief Growth Officer and Managing Director of Observability Products at New Relic. “Observability is a priority for successful organizations across India, and recognized as a key driver for achieving core business objectives. Our growing presence here will allow us to harness India’s world-class technology talent to develop some of the most innovative observability products in the industry, and accelerate the adoption of observability best practices around the world.”
According to the New Relic Observability forecast 2022, India-based organizations yearn for simplicity, integration, transparency, and more efficient ways to deliver high-value projects. About three-quarters of respondents in India said that senior executives in their organization are observability proponents, and 86% see observability as a key enabler to achieving core business goals, implying that the Observability has become an imperative at the board level.
“The growing relevance of observability for optimizing and building better software is more evident than ever, especially in a booming market like India,” said Managing Director of New Relic, Enterprise Business India Vidhur Bhagat. “Our Hyderabad Development Center will serve our dynamic and ever-growing customer base as they seek improved productivity, collaboration and innovation. New Relic’s unified data platform and analytics tools will enable engineers and developers to act at every stage of the software lifecycle and deliver better results.”
New Relic is committed to investing in and enriching India’s technology ecosystem, both through its growing presence on the ground and through New Relic University, a free global training platform for developers in grass to sharpen their observability skills with industry best practices and resources. Participants can register for courses via the New Relic University website.
Those interested in career opportunities at New Relic in India can visit New Relic Quarries.
About the new relic
As a leader in observability, New Relic gives engineers a data-driven approach to planning, building, deploying, and running great software. New Relic provides the only unified data platform that enables engineers to get all telemetry (metrics, events, logs, and traces) combined with powerful comprehensive analysis tools to help engineers do their best with data, not opinions. Offered through the industry’s first intuitive and predictable usage-based pricing, New Relic gives engineers better value by helping to improve planning cycle times, change failure rates, frequency of publication and the average resolution time. This helps the world’s biggest brands including adidas Runtastic, American Red Cross, Australia Post, Banco Inter, Chegg, GoTo Group, Ryanair, Sainsbury’s, Signify Health, TopGolf and World Fuel Services (WFS) to improve availability, reliability and operational efficiency to deliver exceptional customer experiences that fuel innovation and growth. www.newrelic.com.
This press release contains “forward-looking” statements, as that term is defined under federal securities laws, including, but not limited to, statements regarding identified market trends, our growth plans and our commitments in India, as well as all anticipated benefits, results and future opportunities. related to it. The achievement or success of the matters covered by these forward-looking statements are based on New Relic’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause the actual results, performance of New Relic, or the achievements differ materially from those expressed or implied by any forward-looking statement. Further information about factors that could affect New Relic’s financial and other results and the forward-looking statements contained in this press release are included in New Relic’s filings with the SEC from time to time, including in New Relic’s most recent Form 10-Q, particularly under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. Copies of these documents may be obtained by visiting New Relic’s Investor Relations website at http://ir.newrelic.com or the SEC website at www.sec.gov. New Relic undertakes no obligation and does not intend to update these forward-looking statements except as required by law.
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New Relic, Inc.
New Relic, Inc.