Okta, an independent provider of identity and device management for enterprises, revealed March 6 that it has acquired Stormpath, a provider of identity management for applications and APIs.
Terms of the transaction were not disclosed.
The Stormpath team, including co-founders Alex Salazar and Les Hazlewood, will join Okta to further accelerate the growth of its identity platform for developers. Additionally, Okta has acquired a license to the Stormpath technology, the San Francisco-based company said.
The need for a unified identity across every app, service and device is expanding daily as every company transforms its business using digital services. Companies are seeking to build, secure and scale their critical infrastructure faster while reducing costs and maintenance so that they can get to market and innovate more quickly.
Speed is the Need of all IT
There's no question that speed to market is one of the key criteria for new-gen business in 2017.
"Our vision for the Okta Identity Cloud is to become the authentication layer for every app, service, device and person, giving developers an easier and more secure way to manage user access to whatever they are building," Okta CEO Todd McKinnon said. "The Stormpath team brings great technical talent and a deep understanding of developer needs, both of which are necessary to provide a world-class developer experience."
San Mateo, Calif.-based Stormpath, founded in 2011, developed one of the industry's first identity management APIs for software teams building web, mobile and API-driven applications. From its work with developer organizations across a number of different industries, the Stormpath team brings an understanding of how to support developers building secure customer-facing web and mobile applications and APIs, McKinnon said.
"Okta and Stormpath share a similar culture and desire to help our customers transform their businesses faster with a secure, reliable and easy-to-use identity platform," said Alex Salazar.
Okta Also Manages Devices
Okta, one of the fastest-rising new-gen companies of its kind, also protects Google Apps, Android devices and Chromebooks by providing enterprise management for them.
Okta has built deep integrations to more than 5,000 apps; the company's Okta Identity Cloud enables secure access from any device. The company claims thousands of customers, including Experian, 20th Century Fox, LinkedIn, Flex, News Corp, Dish Networks and Adobe.