Snynet Solution Logo
MON - SUN: 10 AM - 6 PM
+60 11 5624 8319

Blog

Okta buys Auth0 to create verification giant

Image Description

In a major shakeup in the identity management space, one of the largest makers of identity verification and management software, Okta Inc., has agreed to buy its smaller rival, Auth0 for $6.5 billion.

Okta offers solutions to help companies track and manage their employees’ identities and credentials, while Auth0 enables developers to add authentication services to their apps.

“What’s exciting to me is that these companies are compatible, identity is not a division, a part of another group or a necessary evil. This is all we do. So together, we have this opportunity to move the needle in terms of what we can offer our customers,” Eugenio Pace, co-founder and CEO of Auth0 told Forbes.

Identity operating system

Post merger, the all-stock deal will net Auth0 a fixed number of Okta shares at a pre-determined price of $276.21 each.

Sharing his views about the acquisition with Forbes, Okta CEO Todd McKinnon pointed out that the merger will allow the company to become one of the “five or six primary clouds” that customers will look to as market leaders, in the same league as Microsoft, Salesforce and Zoom.

Pace agreed with McKinnon’s vision for the identity cloud of the future, which he calls the “identity operating system.” 

Reportedly, the acquisition has been agreed to by the boards of both the companies, but is still subject to regulatory approval, though the companies expect the merger to close in the first half of the year.

Via: Forbes

Date

04 Mar 2021

Sources

Share

Other Blog

  • Google Chat update will finally shield you from the barrage of notifications

    Google now allows users to customize notification frequency in Chat and it is also rolling out a new UI for the service on the web.

    Read More

  • iOS 15.4 update saves you going to an Apple Store to restore your Watch

    With the release of iOS 15.4 and watchOS 8.5, Apple has finally made it easier to restore your Apple Watch without having to take it to an Apple Store for a Genius appointment.

    Since its first release back in 2015, if you had an issue with your Watch where a factory reset wouldn't solve the issue, there was no direct port to plug in a lightning cable to restore from iTunes - similar to what you would do with an iPhone, iPad or iPod touch.

    A trip to an Apple Store close by to book a Genius appointment would be the only option, where their tech support would be able to forcibly restore your Watch through a secret data port.

    But with iOS 15.4 and watchOS 8.5, this can be done anywhere, saving you a long trip and a headache.

    Analysis: A long time coming

    The ability to restore your own iPhone has been the standard since the first iPhone in 2007.

    But while the Apple Watch has always had a secret data port that's at the bottom of the smartwatch, it's a port that's never been intended for consumer use, only by Apple. You would go to an Apple Store, see its tech support, or Genius as they're called, and they would be able to use this port to reset your Watch.

    However there are situations where an Apple Store could be hundreds of miles away, and you've got a paperweight on your wrist. This is why it's a relief to have this feature in iOS 15.4 and watchOS 8.5.

    Apple Watch in recovery mode

    (Image credit: Apple)

    All you need to do is place the Watch on a charger, press the side button twice, and a pop-up should appear on your iPhone, explaining that it's discovered an Apple Watch that needs to be restored.

    After a half hour, the Watch will appear as though it's being used for the first time, and you can start to pair it to your iPhone again.

    This is going to be a great help for many, and will reduce the stress at least in trying to find time to go to an Apple Store to do this.

    Read More

  • Intel discontinues 'hybrid technology' Lakefield processors

    Intel has announced that it has discontinued its Lakefield processor line in a product change notification sent out to customers.

    Read More

  • Nvidia RTX 4000 ‘Lovelace’ GPUs could turn up earlier than expected in 2022

    In theory these next-gen graphics cards will be made at TSMC on 5nm, as a previous rumor indicated.

    Read More

Find Out More About Us

Want to hire best people for your project? Look no further you came to the right place!

Contact Us