Loading AI tools
American information technology company From Wikipedia, the free encyclopedia
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, websites, 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.
.svg){kind=logo} 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 |  US$2.26 billion (2024) |
 US$−516 million (2024) | |
| US$−355 million (2024) | |
| Total assets |  US$8.99 billion (2024) |
| Total equity | US$5.89 billion (2024) |
Number of employees | 5,908 (2024) |
| Website | okta |
| Footnotes / references Financials as of January 31, 2024[update].[1] | |
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.[4][5] It also offers API authentication services.[6]
Okta's services are built on the Amazon Web Services cloud.[7]
Okta primarily targets enterprise businesses. Claimed customers as of 2020 include Zoominfo, JetBlue, Nordstrom, MGM Resorts International, and the U.S. Department of Justice.[8]
Okta runs an annual “Oktane” user conference, which in 2018 featured former US President Barack Obama as a keynote speaker.[9][10][11]
Okta was co-founded in 2009 by Todd McKinnon and Frederic Kerrest, who previously worked together at Salesforce.[12]
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.[13]
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.[14][15] At the time of its IPO, Sequoia Capital was the biggest shareholder, with a 21.2 percent stake.[16]
In January 2019, Okta's CEO announced that the company has over 100 million registered users.[17]
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.[18]
In March 2021, Okta signed a definitive agreement to acquire Auth0 for $6.5 billion.[19] The deal closed in May 2021.[20] In August 2021, Okta acquired atSpoke for $90 million.[21] In December 2023, Okta acquired security firm Spera for approximately $100–130 million.[22]
On March 9, 2021, hacking collective "Advanced Persistent Threat 69420" breached an Okta office network through a security failure in the company's Verkada camera setup.[23] They were able to download security footage from the cameras.[24] One member of the group, Maia Arson Crimew, also revealed that the group had gained root shell access to the network.[25] In a blog post the next-day, Okta Chief Security Officer David Bradbury minimized the root shell as an "internal support tool" of the camera manufacturer Verkada.[24] However, the shell would have given the hackers full access to execute any commands on the network, and Cloudflare admitted that a similar hack by the group on that company's network provided them with the same level of access.[26] Bradbury also said that the threat was contained to an isolated network.
On March 22, 2022, the hacking group LAPSUS$ posted screenshots claiming to be from Okta internal systems.[27] 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.[28]
In December 2022, Okta's source code was stolen when a hacker gained access to their GitHub repository.[29]
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.[30] Customers impacted by the Okta breach included Caesars Entertainment, MGM Resorts International, 1Password and Cloudflare.[31][32][33] On November 29th, 2023, it was known that the security incident affected all Okta customers.[34][35]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
