{"id":5263,"date":"2021-03-05T15:11:00","date_gmt":"2021-03-05T19:11:00","guid":{"rendered":"https:\/\/solutionsreview.com\/identity-management\/?p=5263"},"modified":"2021-03-05T15:11:00","modified_gmt":"2021-03-05T19:11:00","slug":"okta-acquires-auth0-in-6-5-billion-deal","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/","title":{"rendered":"Okta Acquires Auth0 In $6.5 Billion Deal"},"content":{"rendered":"

\"Okta<\/p>\n

Okta recently <\/span>announced<\/span><\/a> its intention to acquire Auth0; the deal will take place through a stock transaction valued at approximately $6.5 billion. The deal should close during Okta\u2019s second quarter of fiscal year 2022.\u00a0<\/span><\/p>\n

ALERT: Cyber threats don’t rest, even during global pandemics. You can learn more with the Solutions Review Identity Management Buyer’s Guide<\/a> and our other resources. We also provide a Bottom Line analysis for each vendor covered therein, as well as key facts about the Identity Management market for businesses of all sizes.\u00a0<\/div><\/p>\n

Okta operates as an identity and access management solution provider that provides cloud software for secure user authentication. Its Okta Identity Cloud enables secure connections between trusted employees and at proper times; additionally, Okta\u2019s Single Sign-On provides adaptive authentication and real-time security reporting. Meanwhile, Auth0 provides a platform to authenticate, authorize, and secure access for applications, devices, and users. It is well-regarded in the privileged access management (PAM) space.\u00a0<\/span><\/p>\n

According to a press release, Auth0 will continue to operate as an independent business unit inside of Okta and receive investments even as it integrates into and bolsters the Okta platform; the press release states this aims to provide customers with more market options. Additionally, the acquisition is positioned to help accelerate Okta\u2019s growth and its identity-technology vision.\u00a0<\/span><\/p>\n

Todd McKinnon, Chief Executive Officer and co-founder of Okta gave a statement with the announcement. \u201cIn an increasingly digital world, identity is the unifying means by which we use technology \u2014 both at work and in our personal lives. With so much at stake for businesses today, it\u2019s critical that we deliver trusted customer-facing identity solutions. Okta\u2019s and Auth0\u2019s shared vision for the identity market, rooted in customer success, will accelerate our innovation, opening up new ways for our customers to leverage identity to meet their business needs. We are thrilled to join forces with the Auth0 team, as they are ideal allies in building identity for the internet and establishing identity as a primary cloud.\u201d<\/span><\/p>\n

Eugenio Pace, Chief Executive Officer and co-founder of Auth0, also shared his thoughts. \u201cWe founded Auth0 to enable product builders to innovate with a secure, easy-to-use, and extensible customer identity platform. Together, we can offer our customers workforce and customer identity solutions with exceptional speed, simplicity, security, reliability, and scalability.\u201d<\/span><\/p>\n

Learn more about Okta<\/a> and Auth0<\/a> here.\u00a0<\/span><\/p>\n

\t\t\t

\"IAM<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Okta recently announced its intention to acquire Auth0; the deal will take place through a stock transaction valued at approximately $6.5 billion. The deal should close during Okta\u2019s second quarter of fiscal year 2022.\u00a0 Okta operates as an identity and access management solution provider that provides cloud software for secure user authentication. Its Okta Identity […]<\/p>\n","protected":false},"author":41,"featured_media":2414,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6,1],"tags":[770,16,1204,76,425,294,30,64,124,90],"acf":[],"yoast_head":"\nIdentity News: Okta Acquires Auth0 In $6.5 Billion Deal<\/title>\n<meta name=\"description\" content=\"Okta recently announced its intention to acquire Auth0; the deal will take place through a stock transaction valued at approximately $6.5 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ben Canner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/\",\"name\":\"Identity News: Okta Acquires Auth0 In $6.5 Billion Deal\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod.jpg\",\"datePublished\":\"2021-03-05T19:11:00+00:00\",\"dateModified\":\"2021-03-05T19:11:00+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#\/schema\/person\/357f925262827fcf840b4341920a1541\"},\"description\":\"Okta recently announced its intention to acquire Auth0; the deal will take place through a stock transaction valued at approximately $6.5 billion.\",\"breadcrumb\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/#primaryimage\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod.jpg\",\"contentUrl\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod.jpg\",\"width\":800,\"height\":400,\"caption\":\"Jumio Secures $150 Million Investment For Automation, Innovation\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/okta-acquires-auth0-in-6-5-billion-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/solutionsreview.com\/identity-management\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Okta Acquires Auth0 In $6.5 Billion Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#website\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/\",\"name\":\"Best Identity Access Management (IAM) Software, Tools, Vendors, Solutions, & Services\",\"description\":\"Identity Access Management (IAM) News, Best Practices and Buyer's Guide\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/solutionsreview.com\/identity-management\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#\/schema\/person\/357f925262827fcf840b4341920a1541\",\"name\":\"Ben Canner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/63f68345052a446ce0cc9c802dd3f373?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/63f68345052a446ce0cc9c802dd3f373?s=96&d=mm&r=g\",\"caption\":\"Ben Canner\"},\"description\":\"Ben Canner is an enterprise technology writer and analyst covering Identity Management, SIEM, Endpoint Protection, and Cybersecurity writ large. 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