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I would like to introduce some unfamiliar companies that may be of some help to your investments.
The company I’m going to introduce is Okta, Inc.$Okta Inc.(OKTA)$ .
It went public in April 2017.
[Company Profile]
Okta provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally.
The company’s product portfolio encompasses Universal Directory, Single Sign-On, Access Gateway, Multi-Factor Authentication, API Access Management and Lifecycle Management. It has business operations across North America, Asia-Pacific, and Europe.
The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. It had initial public offering in 2017, being valued at over $6 billion.
[History & Events]
In 2009, Okta was co-founded by Todd McKinnon and Frederic Kerrest, who previously worked together at Salesforce.
In 2015, the company raised US$75 million in venture capital from Andreessen Horowitz, Greylock Partners, and Sequoia Capital, at a total initial valuation of US$1.2 billion.
In 2017, Okta's initial public offering priced at $17 per share, trading up on its first day, to raise an additional US$187 million.
In 2019, Okta's CEO announced that the company has over 100 million registered users.
In 2020, Okta announced that it plans to let most of its employees work remotely on a permanent basis as a result of the COVID-19 pandemic.
In 2021, hacking collective "Advanced Persistent Threat 69420" breached an Okta office network through a security failure in the company's Verkada camera setup.
In 2021, Okta signed a definitive agreement to acquire Auth0 for $6.5 billion.
In 2022, the hacking group LAPSUS$ posted screenshots claiming to be from Okta internal system
[Main Business Segments]
[Net Income & Total Revenue]
[Competitors]
Entrust
Citrix Systems$Citrix(CTXS)$
CyberArk Software$CyberArk(CYBR)$
Microsoft$Microsoft(MSFT)$
SailPoint$Sailpoint Technologies Holdings Inc.(SAIL)$
Ping Identity$Ping Identity Holding(PING)$
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