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Okta, Inc. is a leading independent identity provider that specializes in secure access solutions for organizations and their customers. The company offers cloud-based identity management services that enable secure connections to applications, IT infrastructure, and devices. Okta's products are designed to support businesses in managing and protecting user identities while fostering innovation and efficiency.
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Workforce Identity - Provides identity solutions for employees, contractors, and partners, enabling secure access to applications and IT systems.
- Access Management - Manages user access to applications and systems.
- Governance - Ensures compliance and oversight of identity-related activities.
- Privileged Access - Secures access to critical systems and data, currently in early access.
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Customer Identity - Focuses on securing the identities of customers' end-users, enabling seamless and secure digital experiences.
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Okta Integration Network - Offers over 7,000 pre-built integrations with cloud, mobile, and web applications, enhancing interoperability and extensibility.
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Developer Tools - Provides tools and APIs for developers to embed identity solutions into their applications, fostering innovation and customization.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Todd McKinnon ExecutiveBoard | CEO and Chairperson | None | Co-founder of Okta (2009), instrumental in establishing Okta as a leading identity and access management company. Previously at Salesforce and Peoplesoft. Holds a Master’s in Computer Science. | View Report → |
Brett Tighe Executive | CFO | None | Joined Okta in 2015, became CFO in January 2022. Previously held finance roles at Salesforce. Holds an MBA from the University of San Francisco. | |
Eric Kelleher Executive | President and COO | None | Joined Okta in 2016, became COO in February 2025. Previously held leadership roles at LinkedIn and Salesforce. Holds a Master’s in Computer Science from Stanford. | |
Jon Addison Executive | Chief Revenue Officer | None | Joined Okta in 2021, became CRO in November 2023. Previously GM of EMEA at Okta and held leadership roles at LinkedIn and Oracle. | |
Larissa Schwartz Executive | Chief Legal Officer | None | Joined Okta in 2015, became CLO in March 2023. Previously held various legal roles at Okta. Holds a law degree. | |
Shibu Ninan Executive | Chief Accounting Officer | None | Joined Okta in August 2022. Previously CAO at Veritas Technologies and Saba Software. Holds a Bachelor of Commerce and is a CPA. | |
Anthony Bates Board | Director | CEO and Chairman at Genesys Cloud Services | Former CEO of Skype and President of GoPro. Extensive experience in technology leadership. Holds a Bachelor’s from the University of San Diego. | |
Benjamin Horowitz Board | Director | General Partner at Andreessen Horowitz | Co-founder of Andreessen Horowitz. Extensive experience as an investor and executive. Holds a Master’s in Computer Science from UCLA. | |
Emilie Choi Board | Director | President and COO at Coinbase | Joined Okta’s board in 2022. Extensive experience in scaling technology businesses. Holds a Bachelor’s from Johns Hopkins and an MBA from Wharton. | |
J. Frederic Kerrest Board | Vice Chairperson of the Board | None | Co-founder of Okta (2009), served as COO until October 2023. Holds an MBA from MIT Sloan and a Bachelor’s in Computer Science from Stanford. | |
Jeff Epstein Board | Director | Operating Partner at Bessemer Venture Partners; Board Member at Twilio, Couchbase, and AvePoint | Former CFO at Oracle. Extensive experience in finance and board service. Holds a Bachelor’s from Yale and an MBA from Stanford. | |
Michael Stankey Board | Director | None | Former Vice Chairman at Workday. Extensive experience in enterprise software and board service. Holds a Bachelor’s from the University of Wisconsin. | |
Rebecca Saeger Board | Director | None | Former CMO at Charles Schwab. Extensive experience in marketing and board service. Holds a Bachelor’s from Muhlenberg and an MBA from Wharton. | |
Robert L. Dixon, Jr. Board | Director | Board Member at Elevance Health and Build-A-Bear Workshop; Owner of The RD Factor | Former Global CIO at PepsiCo. Extensive experience in IT and business services. Holds a Bachelor’s from Georgia Tech. | |
Shellye Archambeau Board | Director | Board Member at Verizon and Roper Technologies | Former CEO of MetricStream. Extensive experience in technology and governance. Holds a Bachelor’s from Wharton. |
- Given the strong performance this quarter, can you explain why your preliminary revenue growth outlook for fiscal '26 is only 7%, significantly lower than the 15% growth expected for fiscal '25, and what factors are contributing to this deceleration?
- With net revenue retention rates under pressure due to lower seat and MAU assumptions, how do you plan to drive expansion within existing customers, and what strategies are in place to mitigate this trend and support growth?
- Your initiative to specialize the sales force suggests challenges with the previous generalist model; how will this specialization impact your operating expenses and profitability targets, and what confidence do you have that it will accelerate growth as intended?
- Considering that approximately 15% of bookings are coming from new products, can you provide more clarity on how these new products will contribute to revenue growth in the near term, and what level of adoption you are projecting among new and existing customers?
- In light of the macroeconomic environment and organizations scrutinizing budgets, how confident are you in achieving your targeted free cash flow margin of at least 24% for fiscal '26, especially with planned investments to drive growth initiatives?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Spera Cybersecurity, Inc. | 2024 | Okta acquired Spera Cybersecurity, Inc. on February 1, 2024, for a total cash consideration of $58 million (with $12 million held in escrow) to broaden its identity threat detection and security posture management capabilities. The deal involved recording $18 million in developed technology intangibles and $42 million in goodwill, along with stock-based compensation for Spera’s founders. |
Auth0 | 2021 | Okta completed its acquisition of Auth0 on May 3, 2021, in a transaction valued at about $5.671 billion (comprising cash, 19.2 million Okta shares, and assumed equity awards, with an estimated total value of approximately $6.5 billion). The acquisition strategically merged Auth0's developer-centric identity platform with Okta's enterprise Identity Cloud and included a 12-month indemnification holdback and revesting agreements for Auth0’s founders. |
atSpoke | 2021 | Okta finalized the acquisition of atSpoke on August 2, 2021, for an approximate cash consideration of $79.3 million (with $13.4 million held in escrow, though another source cites $89.0 million including stock components) to integrate atSpoke’s modern workplace operations platform with its Identity Governance and Administration offering. The deal accounted for $18.3 million in technology intangibles and $63.2 million in goodwill, enhancing Okta's IGA capabilities. |
No recent press releases or 8-K filings found for OKTA.