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New Relic Named an Inc. ‘Best Led Company’ in First-Annual List
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Rhea-AI Summary
New Relic has been recognized in Inc.'s inaugural Best Led Companies list, highlighting its excellence in management across performance, market engagement, talent, and leadership. This prestigious list evaluates mid-sized companies with revenues between $50 million and $2 billion. New Relic’s leadership team has contributed to its success through innovative strategies and significant corporate announcements, including key executive appointments and new product launches, enhancing its commitment to customers and employees.
Positive
Recognized in Inc.'s Best Led Companies list for management excellence.
Strong leadership team contributing to company successes.
Recent strategic appointments of executives to enhance leadership.
Innovation through product launches including New Relic Instant Observability and CodeStream.
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New Relic named among the 250 best led companies for its performance and value creation, market penetration and customer engagement, talent and leadership team
SAN FRANCISCO--(BUSINESS WIRE)--
New Relic, Inc. (NYSE: NEWR), the observability company, announced that it has earned a spot on Inc.’s first annual Best Led Companies list, an exciting 12-point measure of management excellence across the middle market — a select, data-driven list of the very strongest U.S. firms with revenue of $50 million to $2 billion. This novel program is the first Inc. recognition list to honor both public and private companies. New Relic was identified among the very best companies for its leadership teams’ accomplishments in four key areas: performance and value creation; market penetration and customer engagement; talent; and leadership team.
“The leadership team and I are honored by this recognition as an Inc. Best Led Company, particularly during a transformational year for not only the world, but for our business,” said New Relic CEO Bill Staples. “Every New Relic employee brings exceptional leadership to their work each day by living our values of being bold, passionate, accountable, authentic and connected, and I believe this has been instrumental to our success. I’m thrilled to see New Relic recognized for the combined effort of so many Relics.”
“This inaugural list of companies represents the remarkable mid-sized companies, both public and private, often founder-led, that are at the vanguard of reinventing American business,” said Scott Omelianuk, editor-in-chief of Inc. magazine. “With their leadership, all businesses will benefit from an exciting, competitive future full of possibilities.”
In recent months, New Relic has made several significant corporate announcements that underscore the company’s values and its commitment to its customers and employees. In July, the company announced the appointment of former Disney executive Anita Lynch to Chief Data Officer, as well as executive promotions to its C-Suite; Kristy Friedrichs to Chief Operating Officer, Manav Khurana to Chief Growth Officer and Tracy Williams to Chief People and Diversity Officer.
The new C-Suite played a key role in the development and installation of New Relic’s Future of Work philosophy, including a U.S. vaccination requirement and new Flex First policy, which provides flexibility in where Relics work — whether that's in a New Relic office, from home or in between. New Relic was also named a leader in the 2021 Gartner Magic Quadrant for Application Performance Monitoring for the ninth time, and in August, announced strong First Quarter Fiscal Year 2022 results, its first earnings report with CEO Bill Staples at the helm, following his promotion to the role on July 1.
As a leader in observability, the company announced two product innovations in October 2021, including the launch of New Relic Instant Observability (I/O). New Relic I/O is the industry’s largest open source ecosystem of quickstarts and partner integrations to help engineers instrument, dashboard and alert their entire stack. The company also announced its acquisition of CodeStream, a leading developer collaboration platform, and the subsequent launch of New Relic CodeStream, a first-of-its-kind developer experience that brings observability and code collaboration into the most widely used Integrated Development Environments (IDE). As part of the launch of New Relic CodeStream, New Relic joined forces with Microsoft to link New Relic CodeStream with VS Code, Visual Studio, GitHub and Microsoft Teams, among other popular developer tools.
To compile the list, Inc. evaluated private and public U.S.-based companies with 2020 revenue of $50 million to $2 billion, or a valuation of $50 million to $10 billion, using a proprietary 12-point measure of management excellence generated with input from partners at Pitchbook and Shango Labs. The top 250 companies, which combined employ 35 million people, have a successful track record with leadership teams that spur solid performance, create value, penetrate markets, engage with customers, and more. To see the complete list, visit https://www.inc.com/best-led-companies/2021. TheNovember issue of Inc. magazine is available online now at https://www.inc.com/magazine, and will be on newsstands beginning November 9, 2021.
The world’s most trusted business-media brand, Inc., offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across various channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 allows the founders of the best businesses to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
About New Relic
As a leader in observability, New Relic empowers engineers with a data-driven approach to planning, building, deploying and running great software. New Relic One delivers the only unified data platform that empowers engineers to get all telemetry—metrics, events, logs and traces—paired with the most powerful full stack analysis tools to help engineers get past the ‘what’ to uncover the ‘why.’ Delivered through the industry’s onlyconsumption pricing that’s intuitive and predictable, New Relic gives engineers more value for the money by helping improve planning cycle times, decrease change failure rates, accelerate release frequency and reduce mean time to resolution. This helps the world’s leading brands including AB InBev, Australia Post, Banco Inter, Chegg, Gojek, REI, Signify Health, TopGolf, World Fuel Services (WFS) and Zalora improve uptime and reliability, drive operational efficiency and deliver exceptional customer experiences that fuel innovation and growth. Uncover the ‘why’ with New Relic at www.newrelic.com.
