FirstCapital advises Belgian software company CoScale on New Relic transaction

15th October 2018

Belgian infrastructure software company CoScale, which has deep experience monitoring container and microservices environments, has announced that it will be joining New Relic, the US listed analytics software company specialising in performance monitoring. Both companies share a vision to help software teams monitor modern architectures, making this a highly strategic fit. FirstCapital is delighted to have advised CoScale on this transaction.

CoScale was recently named a “Cool Vendor in Performance Analysis; Analytics and Containers” by Gartner. It has been a leader in providing powerful container-native monitoring for Docker, Kubernetes, and OpenShift, providing full-stack container visibility in production environments. The addition of the CoScale technology to New Relic enables New Relic to better serve DevOps teams looking to deploy containers by accelerating its roadmap and building a stronger container and Kubernetes monitoring product.

CoScale CEO, Stijn Polfliet, stated: “Our team is excited that we get to join New Relic and continue on our journey of helping companies innovate faster by providing them visibility into the performance of their modern architectures.”

Muriel Uytterhaegen, Principal at GIMV, one of the institutional shareholders in CoScale, commented: “Working with FirstCapital gave us access to all the important players within the space where CoScale is active. Hazel and her team know the market, have a strong network and guided us through the process in a very professional way. Open and direct communication allowed us to close a deal in a very short timeframe.”

Hazel Moore, Chairman of FirstCapital said: “The acquisition by New Relic is a testament to the great technology built by CoScale and the deep expertise of the team, and we are excited for them as they accelerate and scale globally. Increasingly we see US technology companies looking outside Silicon Valley to acquire innovative companies in Europe, and FirstCapital’s transatlantic presence gives us a great platform to make the right connections for our clients.”