Security News > 2021 > March > Okta to Acquire Rival Auth0 in $6.5 Billion Deal

Identity and access management giant Okta late Wednesday announced plans buy rival Auth0 in an all-stock transaction valued at roughly $6.5 billion.

Okta, based in San Francisco, Calif., expects the transaction to speed up its growth in an identity management market estimated to be in the range of $55 billion.

The company said Auth0 will continue to operate as an independent business unit inside of Okta with plans to become an integrated offering over time.

Auth0 offers what it calls a "Highly customizable, developer-centric identity management platform" used by thousands of customers around the world.

"We are thrilled to join forces with the Auth0 team, as they are ideal allies in building identity for the internet and establishing identity as a primary cloud."

The $6.5 billion price tag dwarfs the $2.35 billion that Cisco shelled out to aquire identity and access management solutions provider Duo Security in 2018.

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