Okta to acquire Auth0

Okta has entered into a definitive agreement to acquire Auth0 in a stock transaction valued at approximately $6.5 billion. Together, Okta and Auth0 address a broad set of identity use cases.

Auth0 will operate as an independent unit inside of Okta, and both platforms will be supported and invested in. As a result, organizations will have a wider breadth of identity solutions to fit their unique needs.

“Combining Auth0’s developer-centric identity platform with the Okta Identity Cloud will drive tremendous value to both current and future customers. 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, it’s critical that we deliver trusted customer-facing identity solutions. Okta’s and Auth0’s 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.” – Todd McKinnon, Chief Executive Officer, and co-founder, Okta.

“Okta and Auth0 have an incredible opportunity to build the identity platform of the future. We 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. By joining forces, we will accelerate our customers’ innovation and ability to meet the needs and demands of consumers, businesses, and employees everywhere.” – Eugenio Pace, Chief Executive Officer, and co-founder, Auth0.