Market Overview

New Relic Signs Definitive Agreement to Establish Japanese Joint Venture with Japan Cloud

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New
Relic, Inc.
(NYSE:NEWR), provider of real-time insights for
software-driven businesses, today announced it 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
Gartner, public cloud services end-user spending in Japan will increase
to $9.7 billion in 20221. 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.

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."

Additional information

For more information, please visit: newrelic.com/japan
and our blog
post
.

Forward-Looking Statements

This press release contains "forward-looking" statements, as that term
is defined under the federal securities laws, including but not limited
to statements regarding New Relic's presence in Japan, including its
establishment of a joint venture with Japan Cloud and the benefits and
success of the potential joint venture, such as its ability to help
organizations in the Japanese market. The achievement or success of the
matters covered by such forward-looking statements are based on New
Relic's current assumptions, expectations, and beliefs and are subject
to substantial risks, uncertainties, assumptions, and changes in
circumstances that may cause New Relic's actual results, performance, or
achievements to differ materially from those expressed or implied in any
forward-looking statement. Further information on factors that could
affect New Relic's financial and other results and the forward-looking
statements in this press release is included in the filings we make with
the SEC from time to time, including in New Relic's most recent Form
10-K, particularly under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations." Copies of these documents may be obtained by visiting New
Relic's Investor Relations website at http://ir.newrelic.com
or the SEC's website at www.sec.gov.
New Relic assumes no obligation and does not intend to update these
forward-looking statements, except as required by law.

About 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. Learn more at japancloud.co.jp.

About New Relic

New Relic provides the real-time insights that software-driven
businesses need to innovate faster. New Relic's cloud platform makes
every aspect of modern software and infrastructure observable, so
companies can find and fix problems faster, build high-performing DevOps
teams, and speed up transformation projects. Learn why more than 50% of
the Fortune 100 trust New Relic at newrelic.com.

1 Gartner, Forecast: Public Cloud Services, Worldwide,
2016-2022, 2Q18 Update, Published 31 July 2018 - ID G00343437

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