New Relic Inc , the U.S. business software company targeted by activist hedge fund Jana Partners, is preparing to explore a potential sale following interest from private equity firms, sources familiar with the matter told Reuters.
Members of New Relic Inc's management team ring the opening bell at the New York Stock Exchange to celebrate the company's IPO December 12, 2014. REUTERS/Brendan McDermid/File Photo, the U.S. business software company targeted by activist hedge fund Jana Partners, is preparing to explore a potential sale following interest from private equity firms, sources familiar with the matter told Reuters.
In recent years, New Relic's growth has slowed as it tries to compete against other Application Performance Monitoring vendors such as Dynatrace
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