Home PC News Okta completes $6.5B Auth0 acquisition

Okta completes $6.5B Auth0 acquisition

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Okta has announced that its $6.5 billion Auth0 acquisition is now complete.

As companies continue to up their cloud IT spend as part of their digital transformation efforts, this generates even greater need for businesses to invest in their security — and managing the online identities of their workforce is a key part of this.

The Okta and Auth0 deal, which was first announced back in March, brings together two heavyweights from the identity and access management (IAM) sphere. Okta is a $35 billion publicly-traded company specializing in software and APIs that enables businesses to manage how their users access online systems. Auth0, a developer-focused identify platform for “application teams,” is a venture-backed company with big-name backers including Salesforce. Collectively, the companies count major customers such as Siemens, T-Mobile, Pfizer, and AMD.

As a combined entity, Okta and Auth0 are essentially leveraging their respective clout and experience in the enterprise and developer communities. The companies haven’t divulged specific integration plans, though in their announcement they said that both platform will be “supported, invested in, and integrated over time.” Auth0 will continue to operate as an independent unit inside Okta, led by its current CEO (and cofounder) Eugenio Pace who will report directly to Okta CEO Todd McKinnon.

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