Okta picks up Auth0 for $6.5bn

by Jeremy

Identity and access management (IAM) specialists Okta and Auth0 are to come together in a $6.5bn (€5.4bn/£4.65bn) acquisition that the firms claim will accelerate a “shared vision of enabling everyone to use any technology safely”.

The all-stock transaction, which was signed off today, is one of the largest cyber security deals of recent times and, it is hoped, will enable the two firms to address an even broader set of IAM use cases than at present, as well as spurring new growth in the IAM sector.

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Okta said Auth0 would continue to operate as an independent business. Both firms’ platforms continue to be supported and invested in, although a future integration between the two is planned over time.

“Combining Auth0’s developer-centric identity solution with the Okta Identity Cloud will drive tremendous value for both current and future customers,” said Todd McKinnon, Okta’s CEO, and co-founder.

“In an increasingly digital world, identity is the unifying means by which we use technology – both at work and in our personal lives. With so much at stake for businesses today, we must deliver trusted customer-facing identity solutions. Okta and Auth0’s shared vision for the identity market, rooted in customer success, will accelerate our innovation, opening new ways to leverage identity to meet their business needs.

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