Okta (Company)
| Privately held company | |
| ISIN | 🆔 |
| Industry | Technology |
| Founded 📆 | 2009 |
| Founder 👔 | Todd McKinnon (CEO) and Frederic Kerrest (COO) |
| Headquarters 🏙️ | San Francisco, CA |
Area served 🗺️ | Worldwide |
| Members | |
Number of employees | 350 |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Okta is a company that provides a cloud-based identity management service.[1] The company is based in San Francisco, CA.[2] Okta has more than 1,500 enterprise customers.[3] In June 2014, Gartner positioned Okta as a leader for Identity and Access Management.[4] Vendors in the Magic Quadrant provide identity governance and administration, access including user authentication, single sign-on (SSO) and authorization enforcement, as well as intelligence.[5]
Services[edit]
Okta provides directory services, single sign-on, authentication, provisioning, workflow, and built-in reporting.[6] Okta allows IT departments to manage access across any application,[7] person or device and makes information more secure.[8] End users can access all of their applications with one password using Okta’s single sign-on service.[9] By reducing the time needed to access applications and information, employees can increase productivity.[10] The IT department is able to increase security, reduce costs, receive insights to their users’ activity and decrease the amount of time it takes to set up or remove a user.[10] Okta also provides customers access to the Okta Application Network (OAN),[11] a catalog of 3,000 pre-integrated and community-generated multi-tenant applications.[12]
History[edit]
Okta was founded in 2009 by Todd McKinnon and Frederic Kerrest.[13] McKinnon left his position as Salesforce.com’s overall head of engineering in 2009 to start Okta.[14] He recognized that companies were no longer skeptical of cloud applications and decided to build a central location to manage them.[15] Joined by Kerrest, the two sought to help companies adopt cloud applications quickly and confidently.[16] Okta received its first round of funding in July 2010, led by Andreessen Horowitz for $10 million. Okta closed an additional $16.5 million in a Series B round with Greylock Partners and Khosla Ventures in August 2011.[17] In December 2012, Okta raised $25 million in a Series C, in order to compete against and displace older legacy systems.[18] In September 2013, Okta announced its expansion into Europe, fueled by a Series D funding round of $27 million led by Sequoia Capital.[19] On June 9, 2014, Okta announced it raised $75 million in a Series E round of funding, which was also led by Sequoia Capital.[3] With this funding, Okta established a presence in the Australian market in Spring 2014.[20]
See also[edit]
External links[edit]
References[edit]
- ↑ Horowitz, Ben. "How We Picked Our First Cloud Investment".
- ↑ Ha, Anthony. "Cloud application startup Okta raises $10M from Andreessen Horowitz". VentureBeat.
- ↑ 3.0 3.1 Konrad, Alex. "Okta Just Raised $75 Million, But Watched Interest From Public Investors Drop First-hand". Forbes.
- ↑ "Gartner Positions Okta as a Leader in Magic Quadrant for Identity and Access Management as a Service". Allidm.com.
- ↑ Kreizman, Gregg. "Magic Quadrant for Identity and Access Management as a Service". Gartner.
- ↑ Adhikari, Richard. "Okta Offers Cloud-Crazy Enterprises a Master Key". Tech News World.
- ↑ Wainewright, Phil. "Okta targets cloud and mobile app adopters". Diginomica.
- ↑ Messmer, Ellen. "London Gatwick Airport takes out 200 servers, moves to cloud, BYOD". Network World.
- ↑ Weinberger, Matthew. "Okta Combines SSO, Multi-Factor Authorization for Cloud Apps". Talkin' Cloud.
- ↑ 10.0 10.1 Greengard, Samuel. "The Cloud Makes Rosetta Stone More Productive". Baseline Magazine.
- ↑ Knorr, Eric. "Okta CEO: We're solving the identity management puzzle". InfoWorld.
- ↑ Weinberger, Matt. "Confirmed: Okta raises $75 million, CEO explains plans". CITEworld.
- ↑ Rao, Leena. "Why Former Loudcloud CEO Ben Horowitz Invested $10 Million In Cloud Identity Startup Okta". TechCrunch.
- ↑ Bort, Julie. "This Guy Left An Awesome Job At Salesforce.com To Launch A Startup And It REALLY Paid Off". Business Insider.
- ↑ Hesseldahl, Arik. "Meet Todd McKinnon, CEO of Cloud Management Start-Up Okta". All Things D.
- ↑ Beshimov, Erdin. "Student To Founder Series: Interview With Frederic Kerrest". Entrepreneurship Review.
- ↑ Dignan, Larry. "Okta lands $16.5 million in new funding". ZDnet.
- ↑ Geron, Tomio. "Okta Raises $25M To Manage Identities In Large Companies". Forbes.
- ↑ Hesseldahl, Arik. "Okta's $27 Million Series D Comes as Europe and Asia Embrace the Cloud". All Things D.
- ↑ Budmar, Patrick. "Okta eyes Australian market following cash injection". ARN.
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