M&A Deal Summary

Okta Acquires Auth0

On March 3, 2021, Okta acquired internet software and services company Auth0 for 6.5B USD

Acquisition Highlights
  • This is Okta’s 3rd transaction in the Internet Software and Services sector.
  • This is Okta’s largest (disclosed) transaction.
  • This is Okta’s 5th transaction in the United States.
  • This is Okta’s 2nd transaction in Washington.

M&A Deal Summary
Date 2021-03-03
Target Auth0
Sector Internet Software and Services
Buyer(s) Okta
Deal Type Add-on Acquisition
Deal Value 6.5B USD
Advisor(s) Qatalyst Partners LP (Financial)
Perkins Coie LLP (Legal)

Target

Auth0

Bellevue, Washington, United States
website
Auth0 provides a platform to authenticate, authorize, and secure access for applications, devices, and users. Security and application teams rely on Auth0's simplicity, extensibility, and expertise to make identity work for everyone. Safeguarding billions of login transactions each month, Auth0 secures identities so innovators can innovate, and empowers global enterprises to deliver trusted, superior digital experiences to their customers around the world. Auth0 was founded in 2013 and is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

Okta

San Francisco, California, United States

website

Category Company
Founded 2009
Sector Information Technology
Employees3,056
Revenue 586M USD (2020)
DESCRIPTION

Okta is an independent provider of identity for the enterprise. The Company's Identity Cloud is its category defining platform that enables customers to securely connect people to technology, anywhere, anytime and from any device. Okta was formed in 2009 and is based in San Francisco, California.

DEAL STATS #
Overall 5 of 6
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 4 of 5
State (Washington) 2 of 2
Country (United States) 5 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Azuqua

Seattle, Washington, United States

Azuqua, Inc. offers a cloud-native integration platform as a service (iPaaS) that supports both IT's need for governance, security and oversight and line of business users' desires for self-service process optimization. Azuqua helps the world’s major companies integrate their SaaS applications and automate time-consuming, repetitive work so they can deliver better employee and customer experiences and increase productivity. Azuqua’s intuitive, powerful, and resilient automation platform breaks down technical barriers so people can unlock new possibilities by creating enterprise-grade automations without code and at a fraction of the time and cost of custom development.

Buy $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Spera Security

Tel Aviv, Israel

Spera Security is an identity security platform that helps organizations reduce risk and drive down fragmented enterprise IT and costs. Security and IT practitioners will be able to capitalize on more integrations and enhanced visibility and protection, ongoing compliance reporting and monitoring with industry-verified Identity security benchmarks, and broader ITDR capabilities with Identity posture management. Spera Security is based in Tel Aviv, Israel.

Buy -
Mergr

Product

Company

Legal