IT Intelligence Bulletin (HG Insights) — New Relic has signed a definitive agreement to establish a new joint venture in Tokyo, Japan, known as New Relic K.K.

The joint venture will enable New Relic to meet the demands of the growing number of companies in Japan that are looking to solve business-critical issues around mastering the complexity of modern software.

Japanese businesses are increasingly embracing the cloud for the scale and agility necessary to compete in the digital era. According to recent industry research, public cloud services end-user spending in Japan will increase to $9.7 billion in 2022. New Relic helps companies accelerate their adoption of the public cloud by dramatically reducing the risk of migrating production applications to the cloud.

New Relic currently serves global customers such as Airbnb, Citrix, Condé Nast, Github, Japan Taxi, Major League Baseball, Norwegian Cruise Line, Pivotal, Rakuten, Sansan, and Trek Bikes.

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New Relic K.K. will be a joint venture between New Relic, Inc. and Japan Cloud. Japan Cloud partners with leading U.S. software businesses to succeed in the Japanese market. The founders at Japan Cloud have led successful Japan joint ventures for Salesforce, Concur, Marketo, Kyriba and Demandware, as well as the launch of Oracle Japan.

“New Relic is honored to have seen early success supporting innovative companies across Japan with their critical digital initiatives,” said Lew Cirne, CEO and founder, New Relic. “Japan Cloud’s deep experience growing enterprise SaaS businesses in the region will help us accelerate our momentum in this exciting market.”

“We are extremely excited to partner with New Relic, a leader for providing real-time performance insights and helping businesses innovate faster,” said Aruna Basnayake, CEO, Japan Cloud. “With our proven experience and New Relic’s best-in-class technology, we believe that New Relic will have great success in Japan and provide businesses with critical solutions in the age of digital transformation.”

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