Application-monitoring expert New Relic files for an IPO

Application-monitoring startup New Relic has filed the paperwork with the U.S. Securities and Exchange Commission (SEC) for an initial public offering. Details pertaining to the number of shares and price range for the IPO are not yet available.

The company detailed its plans in its S-1 form to the SEC. In the filing, the company reported revenue of $63.2 million for 2014, which was up from last year’s $29.7 million. The doubling of revenue over the year shows some significant traction by the company. New Relic also saw $91.8 million in operating expenses for 2014, which was up from $47 million the previous year. Its net loss for 2014 was $40.2 million. Here’s more detailed financial information from its S-1 filing:

New Relic IPO

New Relic was founded in 2007 and unveiled its first product in 2008. In early October, New Relic bought out Barcelona-based startup Ducksboard, whose technology allows New Relic to hook into various cloud services, aggregate the data and generate a dashboard.

New Relic also rolled out it long-awaited Insights real-time analytics service in July that can allegedly generate more information on top of all of the data the New Relic platform collects.

The startup is not alone in the application analytics space. It competes with startups like [company]AppDynamics[/company], [company]ThousandEyes[/company] and [company]AppNeta[/company].

Be sure to watch New Relic CEO Lew Cirne talk about making sense out of big data during Structure Data 2014.

This story will be updated as more information becomes available. Photo by Jakub Mosur.