INSUBCONTINENT EXCLUSIVE:
During its earnings report yesterday afternoon, Okta announced it intends to acquire Azuqua, a Seattle, Wash
workflow automation startup, for $52.5 million.In a blog post announcing the news, Okta co-founder and COO Frederic Kerrest saw the
combining of the two companies as a way to move smoothly between applications in a complex workflow without having to constantly present
your credentials.“With Okta and Azuqua, IT teams will be able to use pre-built connectors and logic to create streamlined identity
processes and increase operational speed
And, product teams will be able to embed this technology in their own applications alongside Okta’s core authentication and user
management technology to build…integrated customer experiences,” Kerrest wrote.In a modern enterprise, people and work are constantly
shifting and moving between applications and services and combining automation software with identity and access management could offer a
seamless way to move between them.This represents Okta’s largest acquisition to-date and follows Stormpath almost exactly two years ago
Taken together, you can see a company that is trying to become a more comprehensive identity platform.Azuqua, which has raised $16 million
since it launched in 2013, appears to have given investors a pretty decent return
When the deal closes, Okta intends to move the Azuqua team to its Bellevue offices, increasing its presence in the Northwest
Okta’s headquarters are in San Francisco
Azuqua customers include Airbnb, McDonald’s, VMware and HubSpot,Okta was founded in 2009 and raised over $229 million before going public
