Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns show up across Okta's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.
6 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.
Stormpath built a user management and authentication service for software development teams, with a focus on identity APIs for app developers. Okta acquired the rights to hire certain employees (35 of 45) plus a non-exclusive intellectual property license; Stormpath wound down its standalone API and SDKs on August 17, 2017. Headquartered in San Mateo, California. approximately $3.7 million in equity consideration (200,000 shares + replacement awards) plus an incremental 800,000 restricted shares ($8.6M) recognized as post-combination compensation.
Our vision for the Okta Identity Cloud is to become the authentication layer for every app, service, device and person. The Stormpath team brings great technical talent and a deep understanding of developer needs, both of which are necessary to provide a world-class developer experience.Todd McKinnon — Chief Executive Officer and co-founder, Okta
Our team is excited to join Okta and accelerate efforts to help companies better manage identity across a wide spectrum of applications and services.Alex Salazar — co-founder, Stormpath
Todd McKinnon, Q1 FY18 earnings call (June 7, 2017): 'As we look to further build on our capabilities for external users, we added the team from Stormpath in March. Stormpath focused on identity for the developer. The integration of Stormpath into Okta accelerates the growth of our identity platform for developers.'
ScaleFT was a Zero Trust security company providing access solutions for the modern workforce — continuous authentication for server access across cloud and on-premises infrastructure including AWS, SSH and RDP. Okta recorded $4.6M in developed-technology intangibles and $11.8M of goodwill, primarily attributable to the assembled workforce and technology integration. approximately $15.6 million cash (net of $0.6 million cash acquired).
To help our customers increase security while also meeting the demands of the modern workforce, we're acquiring ScaleFT to further our contextual access management vision — and ensure the right people get access to the right resources for the shortest amount of time.Frederic Kerrest — Co-Founder and Chief Operating Officer, Okta
Todd McKinnon, Q2 FY19 earnings call (September 6, 2018): 'I wanted to briefly comment on our acquisition of ScaleFT. We were excited to announce the acquisition in the quarter, which will help our capabilities. Zero trust and contextual access are the next essential features in a secure IT environment, and we will be better equipped to deliver these capabilities with the technology from ScaleFT.'
Azuqua was a no-code, cloud-based integration platform that automates workflows between applications and services. Founded in 2013 by ex-Microsoft engineers including Nikhil Hasija, the company had raised roughly $16 million at a $72M post-money valuation. Okta paid $44.2M cash at close and recorded $15.7M of developed-technology intangibles (5-year useful life) plus $29.9M of goodwill. $52.5 million announced ($44.2 million cash at close, net of $1.1 million cash acquired).
With Okta and Azuqua, IT teams will be able to use pre-built connectors and logic to create streamlined identity processes and increase operational speed.Frederic Kerrest — Co-Founder and Chief Operating Officer, Okta
Todd McKinnon, Q1 FY20 earnings call (May 30, 2019): 'There's a lot of things that happen with our existing LCM product and it's pretty deep ... but Azuqua is going to allow us — which is now Okta Workflows — to do more and more there. And Workflows is going to not only strengthen that offering, but also allow us and our customers to essentially manage more and more workflow.'
Auth0 was an Identity-as-a-Service company built developer-first — an API-driven customer identity platform that became the de facto choice for application teams. Okta acquired all outstanding shares; Auth0 operates as an independent business unit inside Okta, led by Auth0 CEO and co-founder Eugenio Pace reporting directly to Todd McKinnon. The acquisition recorded $5,290.1M of goodwill primarily attributable to expected synergies across complementary products, customers and geographies. Intangibles: $172M developed technology, $140.9M customer relationships, $21.4M trade name. approximately $6.5 billion announced (all stock); final acquisition-date fair value of $5,671.0 million — $5,175.6M common stock issued (~19.2M shares), $257.0M cash, $238.4M assumed employee equity awards.
Combining Auth0's developer-centric identity solution with the Okta Identity Cloud will drive tremendous value for both current and future customers. In an increasingly digital world, identity is the unifying means by which we use technology — both at work and in our personal lives. With so much at stake for businesses today, it's critical that we deliver trusted customer-facing identity solutions. Okta's and Auth0's shared vision for the identity market, rooted in customer success, will accelerate our innovation, opening up new ways for our customers to leverage identity to meet their business needs.Todd McKinnon — Chief Executive Officer and co-founder, Okta
Okta and Auth0 have an incredible opportunity to build the identity platform of the future. We founded Auth0 to enable product builders to innovate with a secure, easy-to-use, and extensible customer identity platform. Together, we can offer our customers workforce and customer identity solutions with exceptional speed, simplicity, security, reliability and scalability.Eugenio Pace — Chief Executive Officer and co-founder, Auth0
Todd McKinnon, Q4 FY21 earnings call (March 3, 2021, announcement day): introduced the deal alongside incoming CFO Mike Corey and Eugenio Pace, framing it as 'our plan to join forces' rather than an integration play — language that has held through five fiscal years and is reiterated in the FY26 10-K's dual-platform product description.
Townsend Street Labs (operating as atSpoke) was a modern workplace operations platform — a ticketing and knowledge tool used by IT, HR and operations teams to handle internal requests. Okta announced it would incorporate atSpoke's platform with Okta's Identity Governance and Administration (IGA) offering, with co-founders Jay Srinivasan and Pratyus Patnaik taking leadership positions in Okta's product and engineering teams. approximately $79.3 million cash consideration ($13.4M held back as partial security for 18 months); reported by MarketScreener at $89M total when including stock component.
Spera Security (legal name Spera Cybersecurity, Inc.) was an Israeli identity security platform provider focused on identity threat detection and security posture management — visibility across identity providers, SaaS applications, and cloud infrastructure (AWS, Salesforce, GCP, GitHub) with compliance monitoring against SOX and NIST. Okta announced the deal would broaden the company's identity threat detection and security posture management capabilities. approximately $80 million announced (cash + Class A common stock); final acquisition-date cash consideration of $58 million ($12M in 18-month escrow) per FY25 10-K.
The acquisition of Spera, an identity security platform provider, is expected to broaden the Company's identity threat detection and security posture management capabilities.Okta FY24 10-K — Subsequent Events note (Note 16)
Continues our investment in secure Identity product offering.Arnab Bose — Chief Product Officer, Okta (close-of-acquisition blog, February 2024)