Private equity firms Francisco Partners and TPG completed the acquisition of New Relic, a US-based Web tracking and analytics company, for $6.5bn. "Ever since our founding over 15 years ago, New Relic has created and delivered groundbreaking innovations, with a maniacal focus on delivering a leading observability platform to help our customers deliver better software faster. We are pleased to partner with Francisco Partners and TPG, who are committed to continuing to build upon New Relic’s strong foundation and achieve its full potential," Lew Cirne, New Relic Founder and Executive Chairman.