Okta announced it 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 and the acquisition will accelerate the companies’ shared vision of enabling everyone to safely use any technology, shaping the future of identity on the internet.
The transaction will accelerate Okta’s growth in the $55 billion identity market. Auth0 will operate as an independent business unit inside of Okta, and both platforms will be supported, invested in, and integrated over time — becoming more compelling together.
As a result, organizations will have greater choice in selecting the identity solution for their unique needs. Okta and Auth0’s complementary identity platforms are robust enough to serve the worl ..
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