Okta Market Research Report

Company Overview

Name:

Okta, Inc.

Mission:

To create great user experiences, increase customer sign-ups, improve employee productivity, and bring applications to market faster, all powered by identity.

Founded:

2009

Founders:

Todd McKinnon and Frederic Kerrest

Key People:

Todd McKinnon: CEO, Chairperson of the Board, and Co-Founder

Frederic Kerrest: Vice Chairperson of the Board and Co-Founder

Brett Tighe: Chief Financial Officer

David Bradbury: Chief Security Officer

Eric Kelleher: President, Customer Experience and Communications

Shiven Ramji: President, Customer Identity Cloud

Vijay Rao: Chief People and Places Officer

Jon Addison: Chief Revenue Officer

Kerry Ok: Chief Marketing Officer

Headquarters:

San Francisco, CA, United States

Number of Employees:

Around 6,000 employees

Revenue:

No information is available.

Known For:

Okta is known for its identity and access management solutions, providing secure access for enterprises, employees, partners, and customers.

Products

Okta Workforce Identity Cloud

Description: Secure your employees, contractors, and partners, covering every part of the Identity lifecycle, from governance to access management.

Key Features:

Single Sign-On (SSO): Secure access to all apps.

Adaptive Multi-Factor Authentication (MFA): Context-aware security.

FastPass: Passwordless authentication into anything.

User Lifecycle Management: Automate onboarding and offboarding.

Privileged Access Management: Enforce least privilege for critical resources.

API Access Management: Secure APIs.

Okta Integration Network: 7,500+ integrations.

Okta Customer Identity Cloud

Description: Empower app developers, digital leaders, and security teams to manage identity for consumer and SaaS apps.

Key Features:

Universal Login: Customizable and secure login experiences.

Passwordless: Secure authentication using biometrics or security keys.

Social Login: Quick and easy login through social platforms.

Progressive Profiling: Collect customer data over time.

Bot Detection: Protect against automated attacks.

Adaptive MFA: Intelligent access based on user behavior.

Actions & Extensibility: Customize identity flows with developer tools.

Recent Developments

Innovations

Okta AI: A new feature built on data from billions of logins, integrates AI to enhance security by learning and tackling identity-based attacks dynamically.

Identity Security Posture Management (ISPM): Proactively reduce identity attack surfaces by identifying and prioritizing risks.

Fine Grained Authorization: Developers can design flexible and scalable authorization models.

New Products and Features

Highly Regulated Identity: Provides compliance and security for sensitive operations.

Okta Workflows: No-code Identity automation and orchestration.

Customer-managed keys: Enable users to replace and manage their own encryption keys.

Session management API: Control session behaviors based on risk signals.

Partnerships

Firstboard.io Sponsorship: Okta has sponsored Firstboard.io to increase the representation of women in technology leadership roles.

Events

Oktane: An annual event in Las Vegas where Okta showcases its innovations and customer success stories, slated for October 15-17, 2024.

Executives’ Movements

Tony Bates: Appointed to the Board of Directors.

Jon Addison and Kerry Ok: Appointed as Chief Revenue Officer and Chief Marketing Officer, respectively.

Summary

Okta is a leading identity and access management company known for delivering secure and seamless IT and API products to global enterprises. Their major offerings include the Workforce Identity Cloud and Customer Identity Cloud, both designed to enhance security, manage identities, and streamline user experiences. Okta continues to innovate with AI, enhancing its services and ensuring long-term security and efficiency for its customers. With strategic partnerships and ongoing developments, Okta maintains a strong position in the market.