May 03, 2021
Identity leaders combine developer and enterprise expertise, offering customers more flexibility
Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced the successful completion of its acquisition of Auth0, a leading identity platform for application teams. Together, Okta and Auth0 address a broad set of digital identity use cases, providing secure access and enabling everyone to safely use any technology. The stock transaction, valued at approximately $6.5 billion, will accelerate Okta s growth in the $80 billion identity market.
Auth0 will operate as an independent business unit within Okta, led by Auth0 Chief Executive Officer and Co-Founder Eugenio Pace, reporting directly to Todd McKinnon, Chief Executive Officer and Co-Founder of Okta. Both Okta s and Auth0 s platforms will be supported, invested in, and integrated over time accelerating innovation and making the Okta Identity Cloud even more compelling for the full