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Okta completes $6.5B Auth0 acquisition

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Okta has introduced that its $6.five billion Auth0 acquisition is now whole.

As firms proceed to up their cloud IT spend as a part of their virtual transformation efforts, this generates even larger want for companies to put money into their safety — and managing the net identities in their personnel is a key a part of this.

The Okta and Auth0 deal, which was once first introduced again in March, brings in combination two heavyweights from the id and get admission to control (IAM) sphere. Okta is a $35 billion publicly-traded corporate that specialize in tool and APIs that permits companies to control how their customers get admission to on-line techniques. Auth0, a developer-focused determine platform for “utility groups,” is a venture-backed corporate with big-name backers together with Salesforce. Jointly, the firms depend primary shoppers corresponding to Siemens, T-Cellular, Pfizer, and AMD.

As a blended entity, Okta and Auth0 are necessarily leveraging their respective clout and revel in within the endeavor and developer communities. The firms haven’t divulged explicit integration plans, despite the fact that of their announcement they stated that each platform shall be “supported, invested in, and built-in over the years.” Auth0 will proceed to function as an impartial unit within Okta, led via its present CEO (and cofounder) Eugenio Tempo who will file immediately to Okta CEO Todd McKinnon.

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