Security News > 2021 > March > Okta acquires Auth0 for $6.5 billion

Together, Okta and Auth0 address a broad set of identity use cases and the acquisition will accelerate the companies' shared vision of enabling everyone to safely use any technology, shaping the future of identity on the internet.

"Combining Auth0's developer-centric identity solution with the Okta Identity Cloud will drive tremendous value for both current and future customers," said Todd McKinnon, CEO, Okta.

"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."

"Okta and Auth0 have an incredible opportunity to build the identity platform of the future," said Eugenio Pace, CEO, Auth0.

"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."

Okta will acquire Auth0 for approximately $6.5 billion in Okta Class A common stock based on a fixed number of Okta shares and an Okta share price of $276.21.

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