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Total Economic Impact Study of the New Relic Platform for Cloud Migration and Optimization Shows Over 90% Savings in Deployment of Applications to the Cloud and 50% Reduction of Cloud CostAWS RE:INVENT - New Relic (NYSE: NEWR), the industry's largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, announced today a new commissioned Total Economic Impact™ study conducted by Forrester (News - Alert) Consulting finds customers leveraging the New Relic platform are able to deploy applications to the cloud 90% faster and reduce over 90% of the cost associated with deployment of applications in cloud environments. Additionally, with the New Relic Platform customers optimized their cloud instances, driving cost savings of up to 50% in cloud expenditure. The December 2019 study, The Total Economic Impact™ Of The New Relic Cloud Adoption Solution, found that a composite organization, based on multiple customers and partner interviews, reduced code development time by 30%. The study concludes that the organizations that used New Relic for cloud application migration and optimization achieved an overall 191% ROI over three years with investment payback in less than three months. Additional benefits include simplification of the tech stack performance management with robust dashboards and analytics capabilities providing visibility and context into the health of their operations. "The Total Economic Impact™ study from Forrester further confirms New Relic's impact on helping our customers gain the most value out of their public cloud environments. The New Relic platform helps customers gain a complete view of their entire software estate to drive efficiencies and performance of their digital business," said Lew Cirne, CEO and founder of New Relic. "If you use New Relic during the migration process, expect to pay less money in your current cloud environment because you can see the workload and do appropriate sizing to make sure you land at the right size," said a representative from a US technology consulting firm interviewed for this study. The study found that participating customers realized over $7 million in total benefits after utilizing the New Relic platform over three years. Participants aso stated the following benefits:
Forrester conducted four in-depth interviews with New Relic customers and partners who utilize New Relic across various industries. The insights gathered from these interviews were used to develop a composite organization to analyze the benefits, costs, and risks associated with implementing New Relic and quantify its total economic impact. To read the full study, please visit https://newrelic.com/tei-cas-19. About New Relic New Relic is the industry's largest and most comprehensive cloud-based observability platform built to help customers create more perfect software. The world's best software and DevOps teams rely on New Relic to move faster, make better decisions and create best-in-class digital experiences. If you run software, you need to run New Relic. Learn why more than 50% of the Fortune 100 trust New Relic to make the world's software run at newrelic.com. New Relic is a registered trademark of New Relic, Inc. All product and company names herein may be trademarks of their registered owners. Facebook Twitter YouTube LinkedIn View source version on businesswire.com: https://www.businesswire.com/news/home/20191202005311/en/ |