![]() Logo since 2022 | |
![]() Headquarters at
100 First Plaza in San Francisco | |
Formerly | Saasure Inc. (2009–2010) |
---|---|
Company type | Public |
| |
Industry | Software |
Founded | January 2009 |
Founders |
|
Headquarters |
100 First Plaza San Francisco, California, U.S. |
Area served | Worldwide |
Key people | |
Products | Single Sign-On |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | 5,908 (2024) |
Website |
okta |
Footnotes / references Financials as of January 31, 2024 [update]. [1] |
Okta, Inc. (formerly SaaSure Inc.) is an American identity and access management company based in San Francisco. [2] It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, website, web services, and devices. [3] It was founded in 2009 and had its initial public offering in 2017, reaching a valuation of over $6 billion. [4]
Okta sells 10 products, [5] including Single-Sign-On, Universal Directory, Advanced Server Access (formerly ScaleFT [6]), API Access Management, Authentication, User Management, B2B Integration, Multi-factor-Authentication, Lifecycle Management, and Access Gateway.
Okta sells six services, including a single-sign-on service that allows users to log into a variety of systems using a single centralized process. For example, the company claims the ability to log into Gmail, Workday, Salesforce and Slack with one login. [7] [8] It also offers API authentication services. [9]
Okta's services are built on top of the Amazon Web Services cloud. [10]
Okta primarily targets enterprise businesses. Claimed customers as of 2020 include Zoominfo, JetBlue, Nordstrom, MGM Resorts International, and the U.S. Department of Justice. [11]
Okta runs an annual “Oktane” user conference, which in 2018 featured former US President Barack Obama as a keynote speaker. [12] [13] [14]
Okta is headquartered in San Francisco. [15] It also has offices in San Jose, Bellevue, Toronto, Washington D.C., Chicago, Bengaluru, London, Amsterdam, Sydney, Paris, and Stockholm. [16]
Okta was co-founded in 2009 by Todd McKinnon and Frederic Kerrest, who previously worked together at Salesforce. [17]
In 2015, the company raised US $75 million in venture capital from Andreessen Horowitz, Greylock Partners, and Sequoia Capital, at a total initial valuation of US$1.2 billion. [18]
In 2017, Okta's initial public offering priced at $17.00 per share, trading up on its first day, to raise an additional US$187 million. [19] [20] At the time of its IPO, Sequoia Capital was the biggest shareholder, with a 21.2 percent stake. [21]
In January 2019, Okta's CEO announced that the company has over 100 million registered users. [22]
In August 2020, Okta announced that it plans to let most of its employees work remotely on a permanent basis as a result of the COVID-19 pandemic. [23]
In March 2021, Okta signed a definitive agreement to acquire Auth0 for $6.5 billion. [24] The deal closed in May 2021. [25]
In December 2023, Okta acquired security firm Spera for approximately $100–130 million. [26]
On March 9, 2021, hacking collective "Advanced Persistent Threat 69420" breached an Okta office network through a security failure in the company's Verkada camera setup. [27] They were able to download security footage from the cameras. [28] One member of the group, Maia Arson Crimew, also revealed that the group had gained root shell access to the network. [29] In a blog post the next-day, Okta Chief Security Officer David Bradbury minimized the root shell as an "internal support tool" of the camera manufacturer Verkada. [28] However, the shell would have given the hackers full access to execute any commands on the network, and Cloudflare admitted that a similar hack by the group on that company's network provided them with the same level of access. [30] Bradbury also said that the threat was contained to an isolated network.
On March 22, 2022, the hacking group LAPSUS$ posted screenshots claiming to be from Okta internal systems. [31] The next day, Okta concluded that a maximum of 366 of their customers data may potentially have been impacted, further stating that the breach originated with a computer used by one of Okta's third-party customer support engineers to which the hackers had access. [32]
In December 2022, Okta's source code was stolen when a hacker gained access to their GitHub repository. [33]
In early October 2023, Okta was notified of a breach resulting in hackers stealing HTTP access tokens from Okta's support platform by BeyondTrust. Okta denied the incident for a number of weeks, but later recognized that a breach had occurred. [34] Customers impacted by the Okta breach included Caesars Entertainment, MGM Resorts International, 1Password and Cloudflare. [35] [36] [37] On November 29th, 2023, it was known that the security incident affected all Okta customers. [38] [39]
![]() Logo since 2022 | |
![]() Headquarters at
100 First Plaza in San Francisco | |
Formerly | Saasure Inc. (2009–2010) |
---|---|
Company type | Public |
| |
Industry | Software |
Founded | January 2009 |
Founders |
|
Headquarters |
100 First Plaza San Francisco, California, U.S. |
Area served | Worldwide |
Key people | |
Products | Single Sign-On |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | 5,908 (2024) |
Website |
okta |
Footnotes / references Financials as of January 31, 2024 [update]. [1] |
Okta, Inc. (formerly SaaSure Inc.) is an American identity and access management company based in San Francisco. [2] It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, website, web services, and devices. [3] It was founded in 2009 and had its initial public offering in 2017, reaching a valuation of over $6 billion. [4]
Okta sells 10 products, [5] including Single-Sign-On, Universal Directory, Advanced Server Access (formerly ScaleFT [6]), API Access Management, Authentication, User Management, B2B Integration, Multi-factor-Authentication, Lifecycle Management, and Access Gateway.
Okta sells six services, including a single-sign-on service that allows users to log into a variety of systems using a single centralized process. For example, the company claims the ability to log into Gmail, Workday, Salesforce and Slack with one login. [7] [8] It also offers API authentication services. [9]
Okta's services are built on top of the Amazon Web Services cloud. [10]
Okta primarily targets enterprise businesses. Claimed customers as of 2020 include Zoominfo, JetBlue, Nordstrom, MGM Resorts International, and the U.S. Department of Justice. [11]
Okta runs an annual “Oktane” user conference, which in 2018 featured former US President Barack Obama as a keynote speaker. [12] [13] [14]
Okta is headquartered in San Francisco. [15] It also has offices in San Jose, Bellevue, Toronto, Washington D.C., Chicago, Bengaluru, London, Amsterdam, Sydney, Paris, and Stockholm. [16]
Okta was co-founded in 2009 by Todd McKinnon and Frederic Kerrest, who previously worked together at Salesforce. [17]
In 2015, the company raised US $75 million in venture capital from Andreessen Horowitz, Greylock Partners, and Sequoia Capital, at a total initial valuation of US$1.2 billion. [18]
In 2017, Okta's initial public offering priced at $17.00 per share, trading up on its first day, to raise an additional US$187 million. [19] [20] At the time of its IPO, Sequoia Capital was the biggest shareholder, with a 21.2 percent stake. [21]
In January 2019, Okta's CEO announced that the company has over 100 million registered users. [22]
In August 2020, Okta announced that it plans to let most of its employees work remotely on a permanent basis as a result of the COVID-19 pandemic. [23]
In March 2021, Okta signed a definitive agreement to acquire Auth0 for $6.5 billion. [24] The deal closed in May 2021. [25]
In December 2023, Okta acquired security firm Spera for approximately $100–130 million. [26]
On March 9, 2021, hacking collective "Advanced Persistent Threat 69420" breached an Okta office network through a security failure in the company's Verkada camera setup. [27] They were able to download security footage from the cameras. [28] One member of the group, Maia Arson Crimew, also revealed that the group had gained root shell access to the network. [29] In a blog post the next-day, Okta Chief Security Officer David Bradbury minimized the root shell as an "internal support tool" of the camera manufacturer Verkada. [28] However, the shell would have given the hackers full access to execute any commands on the network, and Cloudflare admitted that a similar hack by the group on that company's network provided them with the same level of access. [30] Bradbury also said that the threat was contained to an isolated network.
On March 22, 2022, the hacking group LAPSUS$ posted screenshots claiming to be from Okta internal systems. [31] The next day, Okta concluded that a maximum of 366 of their customers data may potentially have been impacted, further stating that the breach originated with a computer used by one of Okta's third-party customer support engineers to which the hackers had access. [32]
In December 2022, Okta's source code was stolen when a hacker gained access to their GitHub repository. [33]
In early October 2023, Okta was notified of a breach resulting in hackers stealing HTTP access tokens from Okta's support platform by BeyondTrust. Okta denied the incident for a number of weeks, but later recognized that a breach had occurred. [34] Customers impacted by the Okta breach included Caesars Entertainment, MGM Resorts International, 1Password and Cloudflare. [35] [36] [37] On November 29th, 2023, it was known that the security incident affected all Okta customers. [38] [39]