New Relic, Inc. (NYSE: NEWR), a cloud-based observability platform, has announced it has signed a definitive agreement to acquire Pixie Labs, a next generation machine intelligence observability solution for developers using Kubernetes. Pixie dramatically simplifies the process of troubleshooting and live debugging applications in Kubernetes environments by providing instant access to telemetry data without the need to manually add instrumentation to the code. The anticipated addition of Pixie will expand New Relic’s opportunity to serve the rapidly growing Kubernetes market, and drive the acceleration of observability across organizations of every size.
Latham & Watkins LLP represents New Relic, Inc. in the transaction with a Bay Area-based corporate deal team led by partner Mark Bekheit, with associates Tessa Bernhardt, Casey Tong, and Nimrah Khan. Advice was also provided on intellectual property matters by Bay Area partner JD Marple, with associates Heather Lui and Caroline Omotayo; on benefits and compensation matters by Bay Area partner Ashley Wagner, with associate Brianna Stellpflug; and on tax matters by Bay Area partner Grace Lee, with Los Angeles associate Abigail Friedman.