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Author: Deborah Schalm

  • New Relic Announces Third Quarter Fiscal Year 2019 Results

    Third quarter revenue increased 35% year-over-year to $124.0 million

    Quarterly GAAP operating loss of $(8.5) million; Non-GAAP operating income of $7.8 million

    New Relic advances AIOps strategy with acquisition of SignifAI

    San Francisco – February 6, 2019 – New Relic, Inc. (NYSE: NEWR), provider of real-time insights for software-driven businesses, today announced financial results for the third quarter of fiscal year 2019 ended December 31, 2018.

    “Results for the third quarter exceeded our guidance ranges on both the top and bottom lines,” said Lew Cirne, CEO and founder, New Relic. “As enterprises continue to invest in strategic software projects to drive top-line growth, they are increasingly turning to New Relic’s platform for monitoring, managing and operating their digital business.”

    Third Quarter Fiscal Year 2019 Financial Highlights*:

    • Revenue of $124.0 million, compared to $91.8 million for the third quarter of fiscal 2018.
    • GAAP loss from operations was $(8.5) million, compared to $(8.0) million for the third quarter of fiscal 2018.
    • Non-GAAP income from operations was $7.8 million, compared to $2.7 million for the third quarter of fiscal 2018.
    • GAAP net loss attributable to New Relic per basic share was $(0.18), compared to a loss of $(0.14) per basic share for the third quarter of fiscal 2018.
    • Non-GAAP net income attributable to New Relic per diluted share was $0.19, compared to $0.05 per diluted share for the third quarter of fiscal 2018.
    • Cash, cash equivalents and short-term investments were $722.3 million at the end of the third quarter of fiscal 2019, compared with $731.1 million at the end of the second quarter of fiscal 2019.

    *New Relic adopted Accounting Standards Codification (ASC) 606 “Revenue from Contracts with Customers” (ASC 606) using the modified retrospective method on April 1, 2018. Unless otherwise stated, the financial metrics for reporting periods during fiscal year 2019 provided in this release are presented in compliance with ASC 606, which replaced ASC 605, “Revenue Recognition” (ASC 605). The financial metrics for reporting periods prior to fiscal year 2019 are presented as previously disclosed in conformity with ASC 605. A reconciliation between our performance with respect to certain financial metrics under ASC 606 to ASC 605 has been included in the appendix to this release.

    Third Quarter & Recent Business Highlights:

    • $100K+ Paid Business Accounts as of December 31, 2018 of 816, compared to 629 as of December 31, 2017.
    • 56% of ARR from Enterprise Paid Business Accounts as of December 31, 2018, compared to 52% as of December 31, 2017.
    • Dollar-Based Net Expansion Rate for the third quarter of fiscal 2019 of 122%, compared to 125% as of the third quarter of fiscal 2018.
    • Opened first European Region to expand New Relic’s ability to deliver products to customers in Germany and across the broader European Union.
    • Opened first office in Paris to serve the growing number of customers throughout France.
    • Introduced the Kubernetes cluster explorer, a new way for DevOps teams to understand the health and performance of their complex Kubernetes environments.
    • Advanced AIOps strategy with acquisition of SignifAI. Read more here.

    Outlook:

    New Relic has not reconciled its expectations as to non-GAAP income from operations or non-GAAP net income per diluted share to their most directly comparable GAAP measure as a result of uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation, lawsuit litigation expenses and employer payroll taxes on equity incentive plans.  Accordingly, reconciliation is not available without unreasonable effort, although it is important to note that these factors could be material to New Relic’s results computed in accordance with GAAP.

    Fourth Quarter Fiscal 2019 Outlook:

    • Revenue between $126.5 million and $128.5 million, representing year-over-year growth of between 28% and 31%, respectively.
    • Non-GAAP income from operations of between $0.5 million and $1.5 million.
    • Non-GAAP net income attributable to New Relic per diluted share between $0.04 and $0.06.

    Full Year Fiscal 2019 Outlook:

    • Revenue between $473.6 million and $475.6 million, representing year-over-year growth of between 33% and 34%, and an increase from prior guidance of between $466.5 million and $469.5 million that was issued on November 6, 2018.
    • Non-GAAP income from operations of between $26.7 million and $27.7 million, an improvement from prior guidance of between $22.0 million and $24.0 million that was issued on November 6, 2018.
    • Non-GAAP net income attributable to New Relic per diluted share between $0.58 and $0.60, an improvement from prior guidance of between $0.42 and $0.48 that was issued on November 6, 2018.

    Conference Call Details:

    • What: New Relic financial results for the third quarter of fiscal year 2019 and outlook for the fourth quarter and the full year of fiscal 2019
    • When: February 6, 2019 at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time)
    • Dial in: To access the call in the U.S., please dial (866) 393-4306, and for international callers, please dial (734) 385-2616.  Callers may provide confirmation number 1686496 to access the call more quickly, and are encouraged to dial into the call 10 to 15 minutes prior to the start to prevent any delay in joining.
    • Webcast: http://ir.newrelic.com (live and replay)
    • Replay: Following the completion of the call through 11:59 PM Eastern Time on February 13, 2019, a telephone replay will be available by dialing (855) 859-2056 from the United States or (404) 537-3406 internationally with conference ID 1686496.

    See full release here: https://ir.newrelic.com/press-releases/Press-Release-Details/2019/New-Relic-Announces-Third-Quarter-Fiscal-Year-2019-Results/default.aspx

    Forward-Looking Statements

    This press release and the earnings call referencing this press release contain “forward-looking” statements, as that term is defined under the federal securities laws, including but not limited to statements regarding New Relic’s future financial performance, including its outlook on financial results for the fourth quarter and for the full year of fiscal 2019, such as revenue, non-GAAP income from operations, non-GAAP net income attributable to New Relic per diluted share, cash from operations, free cash flow, gross margins, operating margins, deferred revenue, capital expenditures, capitalized software, anticipated headcount, including hiring plans for the fourth quarter of fiscal 2019, fiscal 2019 capital expenditures, and market trends and opportunity, including the market opportunities within cloud computing, digital transformation and DevOps, the anticipated opportunities within mid-market and enterprise accounts, the ability to become the dominant platform for monitoring, managing, and operating digital systems, the increasing use of software to improve business outcomes, the potential expansion of our platform and benefits to customers of the SignifAi product, any opportunities resulting from the purchase and integration of SignifAi by and into New Relic including the expected alignment of the SignifAI technology with New Relic’s alert offerings, the growth of the platform or any individual product, New Relic’s ability to drive customer value, New Relic’s customer adoption, including any fluctuations to the paid business accounts metric, the pace of hiring activity and seasonality. 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 New Relic’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement.

    The risks and uncertainties referred to above include, but are not limited to, New Relic’s ability to generate sufficient revenue to achieve and sustain profitability, particularly in light of its significant ongoing expenses; New Relic’s short operating history in an evolving industry;  New Relic’s ability to manage its significant recent growth; the development of the overall market for SaaS business software; the dependence of New Relic’s business on its customers purchasing additional subscriptions and products from it and renewing their subscriptions; New Relic’s ability to develop enhancements to its products, increase adoption and usage of its products and introduce new products that achieve market acceptance; the dependence on customers expanding their use of New Relic’s products beyond the current predominant use cases; New Relic’s ability to determine optimal prices for its products; New Relic’s ability to expand its marketing and sales capabilities and increase sales of its solutions to large enterprises while mitigating the risks associated with serving such customers; privacy concerns, including changes in privacy laws and regulations, which could result in additional cost and liability to New Relic or inhibit sales; New Relic’s ability to effectively compete in the intensely competitive market for application performance monitoring solutions and respond effectively to rapidly changing technology, evolving industry standards and changing customer needs, requirements or preferences; fluctuation of New Relic’s quarterly results, New Relic’s dependence on lead generation strategies to drive sales and revenue; interruptions or performance problems associated with New Relic’s technology and infrastructure; defects or disruptions in New Relic’s products; the expense and complexity of New Relic’s ongoing and planned investments in data center hosting facilities; risks associated with international operations; New Relic’s ability to protect its intellectual property rights; risks related to the acquisition and integration of businesses or technologies; certain risks associated with incurring indebtedness, including risks related to servicing New Relic’s convertible senior notes and related capped call transactions; and other “Risk Factors” set forth in New Relic’s most recent filings with the Securities and Exchange Commission (the “SEC”).

    Further information on these and other factors that could affect New Relic’s financial results and the forward-looking statements in this press release and in the earnings call referencing this press release is included in the filings New Relic makes with the SEC from time to time, particularly under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” including our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and subsequent filings. Copies of these documents may be obtained by visiting New Relic’s Investor Relations website at http://ir.newrelic.com or the SEC’s website at www.sec.gov.

    All information provided in this press release and in the earnings call is as of the date hereof and New Relic assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

    Non-GAAP Financial Measures

    New Relic discloses the following non-GAAP financial measures in this release and the earnings call referencing this press release: non-GAAP income (loss) from operations, non-GAAP gross profit,  non-GAAP gross margin, non-GAAP operating expenses (sales and marketing, research and development, general and administrative), non-GAAP operating margin, non-GAAP net income (loss) attributable to New Relic, non-GAAP net income (loss) attributable to New Relic per diluted share, non-GAAP net income (loss) attributable to New Relic per basic share, and free cash flow. New Relic uses each of these non-GAAP financial measures internally to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate New Relic’s financial performance. In addition, New Relic’s bonus plan for eligible employees and executives is based in part on non-GAAP income (loss) from operations. New Relic believes they are useful to investors, as a supplement to GAAP measures, in evaluating its operational performance, as further discussed below. New Relic’s non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in its industry may calculate non-GAAP financial results differently, particularly related to non-recurring and unusual items. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on New Relic’s reported financial results.

    Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. A reconciliation of the historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.

    New Relic defines non-GAAP gross profit, non-GAAP operating expenses (sales and marketing, research and development, general and administrative), non-GAAP gross margin, non-GAAP operating margin, non-GAAP income (loss) from operations and non-GAAP net income (loss) attributable to New Relic as the respective GAAP balances, adjusted for, as applicable: (1) stock-based compensation expense, (2) amortization of stock-based compensation capitalized in software development costs, (3) the amortization of purchased intangibles, (4) the transaction costs related to acquisition, (5) lawsuit litigation expense, (6) employer payroll tax expense on equity incentive plans, and (7) amortization of debt discount and issuance costs. Non-GAAP net income (loss) per basic and diluted share is calculated as non-GAAP net income (loss) attributable to New Relic divided by weighted average shares used to compute net income (loss) per share attributable to common stockholders, with the number of weighted average shares decreased to reflect the anti-dilutive impact of the capped call transactions entered into in connection with the 0.50% Convertible Senior Notes due 2023 issued in May 2018. New Relic defines free cash flow as GAAP cash from operations, minus capital expenditures and minus capitalized software. Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures.

    Management believes these non-GAAP financial measures are useful to investors and others in assessing New Relic’s operating performance due to the following factors:

    Stock-based compensation and amortization of stock-based compensation capitalized in software development costs. New Relic utilizes share-based compensation to attract and retain employees. It is principally aimed at aligning their interests with those of its stockholders and at long-term retention, rather than to address operational performance for any particular period. As a result, share-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period.

    Amortization of purchased intangibles and transaction costs related to acquisition. New Relic views amortization of purchased intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are evaluated for impairment regularly, amortization of the cost of purchased intangibles is an expense that is not typically affected by operations during any particular period. Similarly, New Relic views acquisition related expenses as events that are not necessarily reflective of operational performance during a period.

    Lawsuit litigation expense. New Relic may from time to time incur charges or benefits that are outside of the ordinary course of New Relic’s business related to litigation. New Relic believes it is useful to exclude such charges or benefits because it does not consider such amounts to be part of the ongoing operation of New Relic’s business and because of the singular nature of the claims underlying the matter.

    Employer payroll tax expense on equity incentive plans. New Relic excludes employer payroll tax expense on equity incentive plans as these expenses are tied to the exercise or vesting of underlying equity awards and the price of New Relic’s common stock at the time of vesting or exercise. As a result, these taxes may vary in any particular period independent of the financial and operating performance of New Relic’s business.

    Amortization of debt discount and issuance costs. In May 2018, New Relic issued approximately $500 million of convertible senior notes due in 2023, which bear interest at an annual fixed rate of 0.50%. The effective interest rate of the convertible senior notes was approximately 5.74%. This is a result of the debt discount recorded for the conversion feature that is required to be separately accounted for as equity, and debt issuance costs, which reduce the carrying value of the convertible debt instrument. The debt discount is amortized as interest expense together with the issuance costs of the debt. The expense for the amortization of debt discount and debt issuance costs is a non-cash item, and we believe the exclusion of this interest expense will provide for a more useful comparison of our operational performance in different periods.

    Anti-dilutive impact of capped call transactions. In connection with the issuance of its convertible senior notes due in 2023, New Relic entered into capped call transactions to offset potential dilution from the embedded conversion feature in the notes. Although New Relic cannot reflect the anti-dilutive impact of the capped call transactions under GAAP, New Relic does reflect the anti-dilutive impact of the capped call transactions in non-GAAP net income (loss) per basic and diluted share to provide investors with useful information in evaluating the financial performance of the company on a per share basis.

    Additionally, New Relic’s management believes that the non-GAAP financial measure free cash flow is meaningful to investors because management reviews cash flows generated from operations after taking into consideration capital expenditures and the capitalization of software development costs due to the fact that these expenditures are considered to be a necessary component of ongoing operations.

    Operating Metrics

    New Relic’s dollar-based net expansion rate compares its recurring subscription revenue from customers from one period to the next. It is increased when customers increase their use of New Relic’s products, use additional products, or upgrade to a higher subscription tier. New Relic’s dollar-based net expansion rate is reduced when customers decrease their use of New Relic’s products, use fewer products, or downgrade to a lower subscription tier.

    New Relic’s monthly recurring revenue represents the revenue that New Relic would contractually expect to receive from those customers over the following month, without any increase or reduction in any of their subscriptions. Similarly, annual recurring revenue represents the revenue that New Relic would contractually expect to receive from those customers over the following 12-month period, without any increase or reduction in any of their subscriptions.

    New Relic defines the number of paid business accounts at the end of any particular period as the number of accounts at the end of the period as identified by a unique account identifier for which New Relic has recognized revenue on the last day of the period indicated. New Relic defines an enterprise paid business account as a paid business account that New Relic measures to have over 1,000 employees.

    New Relic is a registered trademark of New Relic, Inc.

    All product and company names herein may be trademarks of their registered owners.

  • PagerDuty and Anodot Partner to Optimize Customer Operations with Real-Time Autonomous Analytics

    Autonomous analytics company and digital operations management platform work together to provide customers with fast time to detection, preventing business blind spots

    SUNNYVALE, California  – February 6, 2019 – Anodot, the autonomous analytics company, and digital operations management platform, PagerDuty, announced today their strategic collaboration as integration partners to ensure customers benefit from true self-service detection, providing accurate alerts of business incidents in real-time.

    As integration partners, PagerDuty and Anodot collaborate to bring joint value to customers, delivering an unparalleled digital experience with real-time insights and detection. With PagerDuty’s real-time operations management and Anodot’s real-time incident detection, this partnership will enable customers to constantly stay one step ahead of damaging business events, before costing companies significant ROI.

    “PagerDuty looks to deliver exceptional digital experiences for customers, and with Anodot, we combine operations management with real-time business incident detection, guaranteeing the prevention of problems that could impact business reputation and revenue. We look forward to continue working with Anodot to provide extraordinary service for customers, consistently delivering actionable business insights each time,” said Steve Gross, the Strategic Business Development & Alliances Executive for PagerDuty.

    Anodot’s integrated solution with PagerDuty ensures detection of critical business incidents and root cause analysis, allowing companies to restore services and mitigating risk. Customers such as Clicktripz and Browsi depend on Anodot’s autonomous analytics solution in combination with PagerDuty’s operations management to monitor business data at a highly granular level in real-time, for faster detection and resolution of business issues.

    “Through using Anodot and PagerDuty’s integrated service, our processes are instantly streamlined, giving analysts insight into metrics that would normally take hours to discover, mitigating any potential business risks immediately“, said Nathaniel Zenou, CEO, Browsi. “With easy to use technology, Anodot and PagerDuty are a great add-on to our Customer Success team, giving us real-time business insights that are accurate unlike any BI tool on the market.”

    “Partnering with PagerDuty has allowed for even better real-time insights, bringing operational management to our customers,” said Amit Levi, Anodot’s VP, Head of Product. “We are honored to be collaborating with PagerDuty as an integration partner, and look to continue to enhance customer experience through working together.”

    About Anodot

    Anodot empowers companies to run healthy businesses, at scale. Unlike humans, machines are built to scan big data. Anodot’s Autonomous Analytics platform leverages advanced machine learning techniques to constantly analyze and correlate every business parameter, providing real-time alerts and forecasts in their context, to lower time to detect anomalies and resolve incidents. We’ve got your back, so you can play offense and grow your business. We work with companies like Microsoft, Lyft, Waze, Pandora, Appnexus, Wix and King. Anodot is headquartered in Silicon Valley and Israel, with Sales offices worldwide. To learn more, visit us at https://www.anodot.com and follow us on LinkedIn, Facebook and Twitter.

    About PagerDuty

    PagerDuty is the leading digital operations management platform for all businesses. PagerDuty authorizes DevOps, IT operations, support, security, and business leaders to respond to online failures in real time. PagerDuty works hard to protect your business’s revenue and brand reputation by preventing and resolving major crisis that would affect your business and customers digital experiences. To learn more, visit us at https://www.pagerduty.com/ and follow us on Facebook, LinkedIn and Twitter.

  • New Perforce Version Control Expert, Brad Hart, to Share Vision for Enterprise-Grade Code Management in Online Event February 12

    Hart has 20 years of experience designing and implementing version control solutions for the enterprise.

    MINNEAPOLIS, FEBRUARY 5, 2019 – Perforce Software, a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle, is excited to announce Brad Hart as the new Chief Technology Officer of Version Control. Customers and prospects who are interested in meeting Hart and learning about his vision for enterprise-grade version control and code management can attend a live webinar on Feb. 12.

    Hart has more than 20 years of experience working with large technology organizations to optimize development pipelines. He specializes in software engineering process, design, and implementation. Hart is a co-founder of AccuRev (acquired by Micro Focus in 2013), and he previously worked as a ClearCase consultant at IBM.

    For Mark Ties, Perforce President and CEO, bringing Hart on board was a strategic decision to strengthen the Company’s well-stacked team of experts. “Hart’s deep experience with version control makes him a natural fit for the position. Our customers rely on us to solve the scalability and performance challenges that come with large-scale product development. We are able to do this because of experts like Brad Hart — leaders who have deep technical expertise, not just in version control, but across the development lifecycle,” Ties says.

    Perforce has historically served large development and DevOps teams with sophisticated version control needs,  but so many large teams out there still face challenges that can be overcome with the right approach.  For Brad, that’s one of the things that makes the position most exciting. “I specifically came to Perforce with the goal of solving these previously unsolvable problems, and to address the needs of the world’s most complex development organizations,” Brad says.

    Sign up for the webinar on the Perforce website.

    About Perforce
    Perforce is a leading provider of enterprise-scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility, and scale during all phases of the development lifecycle. Enterprises across the globe rely on its Agile planning and ALM tools, developer collaboration, static code analysis, version control, and repository management solutions as the foundation for successful DevOps at scale. Perforce is trusted by the world’s most innovative brands, including NVIDIA, Pixar, Scania, Ubisoft, and VMware. Perforce has offices in Minneapolis, MN, Alameda, CA, Mason, OH, Boston, MA, the United Kingdom, Finland, Sweden, Germany, India, and Australia, and sales partners around the globe. For more information, please visit www.perforce.com.

  • Datical Concludes 2018 with a 94 Percent Increase in Annual Subscription Revenue

    Leader in Database Release Automation Continuous Yearly Momentum, Expanding the Company’s Customer Base by 30 Percent

    AUSTIN, Texas – Feb. 5, 2019 – Datical, the leading provider of database release automation solutions, closed 2018 increasing annual subscription revenue by 94 percent and growing its customer base by 30 percent. Year over year, Datical continues to see large enterprises, such as Colonial Life and Zions Bancorporation, adopt its solutions to modernize their database release processes to keep up with the rapidly accelerating application release cycle.

    As IT continues to embrace DevOps and agile development practices to quickly deliver applications to the market, development teams are increasingly realizing that velocity constraints are due to database changes.

    For the first time, DevOps Research and Assessment (DORA) included the need for data management in its 2018 State of DevOps Report as a solution to better support agile development practices. According to the report, agile developers need to improve their database skills to become more capable and self-sufficient by reducing the need for a database administrator (DBA) to implement every database change.

    Additionally, a recent Gartner report1 states that “enabling continuous deployment for your database changes will allow you to reduce time between database releases while reducing the number of database-related issues reported in QA, staging and production. Reduce human error through the use of tooling and scripting to improve the database code and schema quality. Implementing continuous integration allows developers and DBAs to quickly validate database changes using a frequent, automated, repeatable process. Perhaps most significantly, implementing continuous delivery for your database will help close the gap between application development and the data group by forcing them to collaborate and adopt a culture of continuous improvement for the database, not just the application.”

    Furthermore, a recent report from 451 Research also highlighted the importance of automation in data centric environments, as well as Datical’s position in the market. “The shift toward agile development in recent years has seen many enterprises increasing the rate of application development and deployment with a view to being more responsive to their users and driving digital transformation,” wrote Matt Aslett, research vice president at 451 Research. “While application development and release cycles have accelerated, the same cannot be said of database release cycles, leading to the database potentially becoming a brake on application development and business agility. The focus of attention on automation in data-centric environments is set to accelerate into 2019 as users look to understand the potential benefits and threats of autonomous databases and automated data-related products and services. Datical is squarely focused on addressing this specific issue with its database release automation technology.”

    2018 Corporate, Product and Partner Milestones

    • Increased annual subscription revenue by 94 percent
    • Expanded customer based by 30 percent year-over-year, including enterprises such as Colonial Life and Zions Bancorporation
    • Extended its global partnership with Delphix to deliver new DataOps solutions to market
    • Announced support for Liquibase Workflow, allowing Liquibase users to access its enterprise-class platform for automating database releases
    • Named a finalist for 2018 DevOps Dozen for Best DevOps Commercial Solution, Most Innovative DevOps Solution of the Year and Top DevOps Evangelist

    “It’s incredible to see the increased industry recognition the database has received in the past year, as it relates to overall application delivery strategy. This has been a contributing factor to Datical’s overall upward momentum,” said Derek Hutson, CEO of Datical. “We are proud of our phenomenal growth, with customer usage expanding at a rate higher than ever. As we kick off 2019, our focus is on continued growth and expansion within our partnership ecosystem and our customer base. Helping to support companies such as Colonial Life and Zions Bancorporation underscores our mission to improve and simplify continuous application delivery through database release automation processes.”

    Resources

    About Datical, Inc.

    Datical’s mission is to transform the way businesses build software so they can deliver better customer experiences faster. Datical solutions deliver the database release automation capabilities technology executives need to get the most out of their Agile, Cloud, DevOps and Continuous Delivery investments. With Datical database release automation, organizations can shorten the time it takes to bring applications to market while eliminating the security vulnerabilities, costly errors, data loss and downtime often associated with current database deployment methods. For more information, visit www.datical.com, call 737-402-7187 or connect via @datical.

  • Top Analyst Firm Releases Groundbreaking New Research Report Highlighting Strong Momentum of DataOps

    90% of respondents in new 451 Research report say they will significantly increase investment in DataOps technologies this year

    REDWOOD CITY, Calif. [February 4, 2019]: Leading research and advisory firm 451 Research today issued a new report on digital transformation strategies for 2019, which reveals enterprises around the globe are planning a significant investment in the ever-growing discipline of DataOps. The report, “DataOps Lays the Foundations for Agility, Security and Transformational Change” found that over the next 12 months, 86% of respondents plan to increase investment in DataOps strategies and platforms, and 92% expect this strategy to have a positive impact on their organization’s success.

    Matt Aslett, Research Vice President, Data, AI and Analytics, 451 Research, defines DataOps as, “The alignment of people, process, and technology to enable more agile and automated approaches to enterprise data management in service of business goals. It aims to provide easier access to enterprise data to meet the demands of various stakeholders who are part of the data supply chain (developers, data scientists, business analysts, DevOps professionals, etc.) in support of a broad range of use cases.”

    In interviews with executives and data experts across banking, financial services, healthcare, retail and other markets, the research firm found nearly all are grappling with the increasing tension between the need to innovate to keep pace with ever-changing consumer demands and global markets, versus the need to comply with new data privacy regulations that vary across geographies. The research indicated that these executives are looking to DataOps strategies as a way to resolve this tension and stay ahead of the competition.

    The report found that these global brands believe DataOps will help navigate compliance and regulatory concerns, accelerate important digital transformation initiatives, and serve as a lever for increasing their competitive advantage in today’s Digital Economy.

    Compliance, Speed Driving Adoption of DataOps

    The report illuminated top data-related challenges these companies are facing, which include:

    • Prohibitively long wait times for exponentially growing volumes of data;
    • Increasing complexities of managing disparate data sources;
    • Slow and risky cloud migrations;
    • Growing security and compliance concerns.

    Compliance and security were notable call-outs in the report, as nearly three-quarters of respondents cited security and compliance as a top perceived benefit of DataOps.  They expect new DataOps technologies to help lessen the growing friction between the need to innovate faster and faster versus the need to comply with GDPR, CCPA, and other data privacy regulations.

    Aslett and his team further conclude that there is a real place for DataOps as part of a modern data strategy, “It has become clear that if enterprises are to realize business value from the development and delivery of data-driven applications and data-driven decision making, then more agile and automated approaches to database provisioning and data management are required, approaches that are more responsive to changing business requirements.”

    “Today, every company is a data company and the ability to keep pace with ever-changing customer demands is the key to survival,” said Chris Cook, CEO of Delphix.  “We’re seeing increased demand for DataOps platforms by some of the largest brands in the world as a way to ensure the delivery of fast, secure data to drive continuous innovation and success in the digital economy.”

    “As DataOps continues to mature, enterprises will reap the additional benefits of empowering development teams to overcome data friction and achieve the velocity of innovation demanded by the digital economy. In leveraging the Delphix platform and its full suite of partners including, Amazon AWS, Microsoft Azure, Oracle, and many more, IT leaders can improve cloud migration, address security concerns, and boost data modernization,” adds Aslett.

    Click here to download the full report.

    About Delphix

    Delphix’s mission is to free companies from data friction and accelerate innovation. Fortune 100 companies use the Delphix Dynamic Data Platform to connect, virtualize, secure and manage data in the cloud and in on-premise environments. For more information, visit www.delphix.com. You can also follow us on Twitter, Facebook, and LinkedIn.

     

  • Contegix Names Brad Hokamp as Chief Executive Officer

    Industry Veteran to Lead Contegix Through Next Phase of Growth

    Reston, VA – February 4, 2019– Contegix, a leading cloud application service provider, today announced that its Board of Directors has appointed Brad Hokamp as Chief Executive Officer. Hokamp takes over from David Turner who partnered with Strattam Capital to complete an investment in Contegix in 2016. Through a combination of organic growth and four strategic acquisitions over the past two years, Contegix has grown to serve more than 1,000 enterprise customers.

    Contegix provides a full suite of managed servicesfor market leading DevOps and content management software platforms.  Contegix is an Atlassian Platinum Solution Partner and provides an Atlassian cloud hosting platform.  Additionally, Contegix has in-depth expertise supporting and managing Drupal and other complex, web content management systems. The company supports these application platforms on both the private and public cloud, while providing for the highest levels of security including FedRAMP.

    “Contegix has built a strong foundation in managing digital application platforms, which is where enterprises are shifting their IT dollars and investing to grow their business,” said Brad Hokamp. “We will  be focused on providing outstanding service and support for our clients.  I’m looking forward to partnering with the Contegix team and Strattam Capital.”

    Hokamp, most recently CEO at Anexinet, is a seasoned leader with a proven track record in the cloud, data center, digital transformation, and application development industries.  Prior to Anexinet, he served as Chief Executive Officer of Cosentry where he scaled the company for subsequent sale to TierPoint.  Earlier, Hokamp served as President for Layered Technologies and Chief Marketing Officer for Telx.  Prior to Telx, he spent 10 years at SAVVIS in various executive roles, including GM for the Hosting Business Unit, and Senior Vice President of Product Management and Marketing.

    “Contegix is investing heavily to meet the growing needs of our enterprise customer base and Brad’s unique combination of digital infrastructure and application experience make him the ideal leader for Contegix,” said Bob Morse, Managing Partner of Strattam Capital. “I also want to recognize and thank David Turner for his valuable contributions in building Contegix over the past several years.”

    About Contegix

    Contegix® provides cloud, application lifecycle management, and managed services to enterprise customers. Contegix is the global leader in Atlassian hybrid hosting and has extensive capabilities with other ALM tools like GitHub, and CMS tools such as Drupal, Magento and WordPress. For over 14 years, clients have come to rely on Contegix to deliver expert Atlassian application hosting support. Contegix automates the hosting and development process to provide speed, agility, and growth, while ensuring security compliance. Contegix operates 10 state-of-the-art data centers located across the United States, Canada and Europe. To learn more, visit www.contegix.com.

     

     

  • Twilio Completes Acquisition of SendGrid

    SAN FRANCISCO–(BUSINESS WIRE)–Twilio (NYSE:TWLO), the leading cloud communications platform, today announced the successful completion of its previously announced acquisition of SendGrid, Inc., the leading email API platform. This follows approval by the stockholders of both companies at separate meetings on Jan. 30, 2019. This transaction is valued at approximately $3 billion. Based on the closing price of Twilio Class A common stock on Jan. 31, 2019 and the exchange ratio of 0.485 shares of Twilio Class A common stock per share of SendGrid common stock, SendGrid stockholders received approximately $53.99 of aggregate value per share of SendGrid common stock. As a result of the acquisition, shares of common stock of SendGrid ceased trading prior to the open of the market on Feb. 1, 2019 and will no longer be listed on the New York Stock Exchange.

     

    “Effective customer engagement is a strategic imperative for every company. With SendGrid now a part of Twilio, our goal is to provide a complete platform for every form of customer engagement,” said Jeff Lawson, Twilio co-founder and CEO. “Through our mutual developer-first approach, we empower the builders of the world to create magical customer experiences unique to every interaction.”

    SendGrid will operate as a wholly owned subsidiary of Twilio and will continue to be led by SendGrid CEO Sameer Dholakia, reporting to Lawson.

    “Together, we serve more than 140,000 active customer accounts and power more than 600 billion annualized interactions each year. We have a shared vision, a shared model and shared values that will set us up for success,” said Dholakia. “As we join forces today, I’m more confident than ever that we can accelerate our vision of creating one unquestioned platform of choice for developers and companies around the world and help them transform the way they engage with their customers.”

    Together, this acquisition will provide developers and companies:

    • Access to the single, best-in-class platform to manage all important communication channels: voice, messaging, video and now, email;
    • Unmatched scalability and reliability to ensure their businesses are supported as they grow; and
    • The ability to deliver consistent and personalized messaging based on the customers’ preferred form of communication.

    “As a customer of both Twilio and SendGrid, we couldn’t be more excited for two of the leading customer communication platforms in the market to come together,” said Matthew Daimler, VP of Strategic Initiatives at Zillow Group. “Purchasing a home is one of the most important decisions that a person will make in their lifetime therefore, our customers expect to communicate with our realtors in a timely and personalized manner whether it be via phone, text or email. Having one seamless customer communication platform that offers omnichannel engagement transforms the way we interact with our customers.”

    “The acquisition of SendGrid signals that Twilio is redefining its position in the market, enhancing its customer engagement capabilities with a comprehensive omnichannel offering,” said Raul Castanon-Martinez, senior analyst, 451 Research. “The deal should also help cement its position in the enterprise. This could give Twilio added momentum for expanding its customer base and support continued revenue growth.”

    With SendGrid, developers and businesses can use Twilio to reach their customers over any channel – voice, SMS, Facebook Messenger, WhatsApp, video, and now email. Across a wide variety of customer touchpoints, companies can now trust one platform to deliver the right communication, on the right channel, without having to setup different vendors for each approach.

    “As the leading independent provider of identity for the enterprise, Okta enables organizations to secure and manage their workforces while transforming their customers’ identity experience,” said Hector Aguilar, CTO of Okta. “We have built a seamless, easy-to-use service that leverages email, messaging and voice for notifications and verification actions with our customers. Twilio’s and SendGrid’s services truly are mission-critical to our business, making the acquisition an opportunity for greater innovation and long-term benefits to joint customers like Okta.”

    About Twilio

    Millions of developers around the world have used Twilio to unlock the magic of communications to improve any human experience. Twilio has democratized communications channels like voice, text, chat, video and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications. By making communications a part of every software developer’s toolkit, Twilio is enabling innovators across every industry — from emerging leaders to the world’s largest organizations — to reinvent how companies engage with their customers.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. The words such as “will,” “expected,” “could,” and similar phrases that denote future expectations or intent are intended to identify forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. These statements are based on management’s current expectations, assumptions, estimates and beliefs. While Twilio believes these expectations, assumptions, estimates and beliefs are reasonable, such forward-looking statements are only predictions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

    The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: adverse changes in general economic or market conditions; changes in the market for communications; Twilio’s ability to adapt its products to meet evolving market and customer demands and rapid technological change; Twilio’s ability to generate sufficient revenues to achieve or sustain profitability; Twilio’s ability to retain customers and attract new customers; Twilio’s limited operating history, which makes it difficult to evaluate its prospects and future operating results; Twilio’s ability to effectively manage its growth; Twilio’s ability to compete effectively in an intensely competitive market, and risks that the anticipated benefits of the acquisition of SendGrid may not be fully realized or may take longer to realize than expected.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in Twilio’s most recent filings with the Securities and Exchange Commission. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that Twilio makes with the Securities and Exchange Commission from time to time. Forward-looking statements speak only as of the date such statements are made. Except as required by law, Twilio undertakes no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future.

  • DeployHub® Partners with CircleCI to Make Release Automation and Microservices Publishing Easier

    DeployHub launches orb for CircleCI to perform Release Automation and Microservice publishing

    Santa Fe, NM – January 30, 2019– DeployHub, visionaries in continuous deployment and microservice publishing, today announced they have joined CircleCI as a technical partner. CircleCI allows teams to rapidly release code by automating the build, test, and delivery process. The integration with CircleCI calls DeployHub to automate the release steps of the CircleCI continuous delivery workflow, creating a 100% repeatable deployment process for every state in the pipeline. CircleCI syncs directly with DeployHub, updates logs, and more.

    “DeployHub’s open source and hosted release features are a perfect fit for integration with CircleCI.” said Tracy Ragan, CEO of DeployHub. “DeployHub brings deployment details into CircleCI, including the ability to catalog and publish microservices. And because DeployHub is open source, CircleCI users can start performing advanced release automation without the heavy cost of ARA tools.”

    “We’re thrilled to welcome DeployHub as a new technical partner,” said Tom Trahan, Head of Business Development at CircleCI. “DeployHub’s experience in continuous deployment and microservice publishing makes them a great addition to the CircleCI technical community.”

    About CircleCI

    CircleCI is the leading platform for software innovation at scale. With intelligent automation and delivery tools, CircleCI is used by the world’s best engineering teams to radically reduce the time from idea to execution. Founded in 2011 and headquartered in downtown San Francisco with a global remote workforce, CircleCI is venture backed by Scale Venture Partners, DFJ, Baseline Ventures, Top Tier Capital, Industry Ventures, Heavybit and Harrison Metal Capital. Learn more at https://circleci.com.

    About DeployHub

    DeployHub empowers development teams to catalog, publish, and deploy microservices and deployable objects across the organization, quickly, safely on a hosted (SaaS) platform.

    For more information on DeployHub, go to www.DeployHub.com

  • DigiCert Labs to innovate new security technologies that address emerging threats through collaboration with academic and industry research

     

    Postquantum cryptography and machine learning research initiatives currently underway in collaboration with universities and industry players like Microsoft Research

    LEHI, Utah – (January 31, 2019) — DigiCert, Inc., the world’s leading provider of TLS/SSL, IoT and PKI solutions, today announced the launch of DigiCert Labs, an initiative dedicated to researching and developing innovative approaches to security challenges, in collaboration with leading university researchers and industry leaders.

    “DigiCert Labs is focused on working with the brightest minds to bring to market innovative approaches for our customers, partners and prospects,” said DigiCert CTO Dan Timpson. “In collaboration with leading researchers and industry leaders, we plan to gain data-based insights into solving some of the most pressing security challenges related to our core competencies of encryption, authentication, identity and data integrity.”

    DigiCert Labs will take two approaches to advancing technology innovation in collaboration with leading researchers. One is providing grants to universities to support research into specific challenges related to emerging threats and also through collaboration with other enterprise labs. Guidance will come from DigiCert’s review of academic and industry research as well as feedback from customers. The second approach involves providing large, anonymized datasets to help researchers address real-world use cases.

    “DigiCert Labs will tackle the biggest challenges of DigiCert customers and the industry at large to drive innovation that will benefit companies today, and well into the future,” said Avesta Hojjati, head of DigiCert Labs. “As part of this work, we will contribute industry-specific expertise and resources to ensure advancements in cyber security technologies and practical solutions to common problems.”

    DigiCert Labs’ first two research projects involve postquantum cryptography—working with Microsoft Research, Utimaco, ISARA and Gemalto—and machine learning—in collaboration with the University of Illinois at Urbana-Champaign. DigiCert welcomes additional collaborators and will assess the relevance of each opportunity.

    “The researchers at the University of Illinois at Urbana-Champaign work on challenging problems related to machine learning, security and privacy, and blockchain,” said Hojjati. “DigiCert is supporting the researchers to advance tomorrow’s security solutions.”

    About DigiCert, Inc.

    DigiCert is the world’s leading provider of scalable TLS/SSL, PKI solutions for identity and encryption. The most innovative companies, including 89 percent of Fortune 500 companies and 97 out of the 100 top global banks, choose DigiCert for its expertise in identity and encryption for web servers and Internet of Things devices. DigiCert supports TLS/SSL and other digital certificates for PKI deployments at any scale through its certificate lifecycle management platform, CertCentral®. The company is recognized for its enterprise-grade certificate management platform, fast and knowledgeable customer support, and market-leading security solutions. For the latest DigiCert news and updates, visit digicert.com or follow @digicert.

     

  • DigiCert announces CertCentral® Enterprise, a comprehensive, all-in-one digital certificate management solution for enterprise cloud and hosted TLS/SSL environments

    CertCentral Enterprise adds notable enterprise controls and anchors the DigiCert flagship TLS platform

     

    LEHI, Utah – (January 31, 2019) — DigiCert, Inc., the world’s leading provider of TLS/SSL, IoT and PKI solutions, today announced DigiCert CertCentral® Enterprise, a leading certificate management platform for cloud and hosted environments.

    CertCentral Enterprise comprises the most modern tools and technologies, providing enterprise customers better control over certificate security and compliance. Organizations enjoy 24/7 visibility, at-scale rapid remediation, and trusted expertise and guidance to protect their businesses, customers and reputations. CertCentral Enterprise pulls together the combined strengths of DigiCert and the acquired Symantec Public Key Infrastructure (PKI) businesses.

    CertCentral Enterprise allows customers to customize and automate all stages of lifecycle management for TLS/SSL and other digital certificate types–all from an intuitive user interface. With single sign on (SSO) options, robust RESTful APIs to automate any feature, and detailed role management, users can manage all their certificates from a single, scalable platform.

    “DigiCert CertCentral Enterprise is the culmination of efforts to bring together the best features and scalability that the world’s leading enterprises expect from their certificate provider,” said Dan Timpson, Chief Technology Officer at DigiCert. “CertCentral Enterprise makes it easy for enterprise customers using a TLS management console from a formerly Symantec-owned brand to upgrade and enjoy all the features they are used to, plus several new additions. This platform is the result of customer testing and feedback, and addresses their common pain points in an intuitive way.”

    CertCentral Enterprise is a robust addition to the DigiCert TLS platform, which offers award-winning customer support, innovative and scalable infrastructure, leading certificate products such as Secure Site, and time-saving discovery and automation tools.

    DigiCert’s solution gives enterprises a more sophisticated set of account management tools so they can better govern TLS/SSL certificate deployment within their business units. The additional features in CertCentral Enterprise will enable enterprise customers to:

    • Discover and manage all publicly and privately trusted certificates across the enterprise with automated continuous search and monitoring capabilities.
    • Automate certificate management workflows via REST and GraphQL APIs and industry standard protocols such as ACME.
    • Gain insights into enterprise usage with audits and customized reporting.
    • Define custom certificate validity periods.
    • Gain value through automated proration of certificate usage.
    • Enjoy flexible payment methods and business unit segmentation.
    • Increase security with SAML single sign-on, multi-factor authentication and IP address restrictions for certificate requests.
    • Enable role-based access and customize enterprise workflows such as guest URLs for quick certificate requests.

    “Enterprises can manage everything connected to their TLS certificates in one place. CertCentral Enterprise is a comprehensive all-in-one digital certificate management platform for the cloud and hosting environments,” said Jeremy Rowley, chief of product at DigiCert. “DigiCert’s innovation will continue as we provide platforms tailored to the needs of customers. This is one of many exciting announcements to come.”

    Existing customers can get details about upgrading to CertCentral Enterprise by contacting their sales representative. Prospective customers can visit digicert.com/mpki to learn more.

    About DigiCert, Inc.

    DigiCert is the world’s leading provider of scalable TLS/SSL, PKI solutions for identity and encryption. The most innovative companies, including 89 percent of Fortune 500 companies and 97 out of the 100 top global banks, choose DigiCert for its expertise in identity and encryption for web servers and Internet of Things devices. DigiCert supports TLS/SSL and other digital certificates for PKI deployments at any scale through its certificate lifecycle management platform, CertCentral®. The company is recognized for its enterprise-grade certificate management platform, fast and knowledgeable customer support, and market-leading security solutions. For the latest DigiCert news and updates, visit digicert.com or follow @digicert.