New Relic has acquired the technology and staff of IOpipe, an early-stage severless monitoring startup for Amazon Web Services (AWS) based out of Seattle. Financial terms were not disclosed.
Like many cloud-scale monitoring companies, New Relic appears to be doubling down on its serverless technology investments. Indeed, the company launched Serverless for AWS Lambda earlier this year.
Now the IOpipe has surfaced. Founded in 2016 by Erica Windisch and Adam Johnson, IOpipe has worked with key players like Rackspace (a ChannelE2E Top 100 Public Cloud MSP), Matson, the Argo Group, and APM Music. New Relic says the IOpipe team will help shore up the performance of its AWS Lambda functions
The IOpipe workers – who apparently number between one and 10, according to data from Pitchbook – will initially focus on integrating key technology, like their support of AWS Lambda Layers and popular deployment frameworks, into the New Relic One observability platform, New Relic said.
After that, the team will focus on roadmap acceleration as New Relic moves toward supporting other FaaS (Function as a Service) and serverless technologies, the company asserted.
New Relic: Throttling Back Up?
The acquisition comes a few months after New Relic delivered weaker-than-expected financial forecast to Wall Street in August 2019. A few weeks later, the company made changes at the executive level in September 2019.
Despite the recent sales hiccup, New Relic has been one of the most respected providers of cloud, application and infrastructure monitoring. The company competes against several fierce rivals -- particularly Cisco AppDynamics, Datadog, Dynatrace and SolarWinds.
Additional insights from Joe Panettieri.
