New Relic RPM is a subscription-based application performance management solution for web applications developed in Ruby on Rails or Java. It has has announced the opening of a public beta program for the latest version of its RPM product. The new version can be used to monitor, troubleshoot and tune Java web applications in addition to those developed on Ruby on Rails. RPM claims to be the industry’s first Application Performance Management (APM) product to be offered as a service.

SpringSource has acquired Hyperic, the open source web application and infrastructure management company. With the acquisition, SpringSource claims to offer a  product set for powering the entire Java application lifecycle, with solutions for building, running and managing enterprise applications.

Keynote Systems demonstrates today the company’s two flagship Web application performance test and measurement product offerings — Transaction Perspective, Application Perspective — and for the first time, the company’s newest product, Keynote Internet Testing Environment (KITE) at Web 2.0 Expo.