Okta acquires cloud identity startup Auth0 for $6.5B – TechCrunch

As Okta After today’s announcement bell, it is revealed that it is buying cloud identity startup Auth0 for a whopping $ 6.5 billion.

Together Authentic 0, Octa finds a cloud identity company that helps developers embed identity management applications, adding a new dimension to their identity platform. “Today, we are taking an important step forward – I would go so far as to call it a” leap “- to enhance the Octa Identity Cloud. We have joined forces with Auth0, a key identity platform for developers Announced their agreement, “Okta co-founder and CEO Todd McKinnon wrote A blog post announcing the deal.

Auth0 users can take a sigh of relief that McKinnon writes that the company will operate as an independent entity inside Okta as they explore avenues for integration in the coming months.

Eugenio Pace, co-founder and CEO Orta sees his company as a powerful combination in the field of identity management in association with Okta, and when he says so, he can’t find the deal. “Together, we can provide workforce and customer identification solutions to our customers with exceptional speed, simplicity, security, reliability and scalability. By joining forces, we will accelerate our customers’ innovation and ability to meet the needs and demands of consumers, businesses and employees everywhere, ”Pace said in a statement.

This is a breaking story. more to come.