(Reuters) – New Relic said on Monday that private equity firms TPG and Francisco Partners will take the software company private in a $6.5 billion all-cash deal.
The company’s cloud-based software allows websites and mobile apps to track user interactions and monitor servers and databases.
The private equity firms offered New Relic shareholders $87 per share, representing a premium of 17.5% to the stock’s closing price on Friday.
(Reporting by Akash Sriram in Bengaluru; Editing by Shounak Dasgupta)
