Okta Inc Stock Price, News & Analysis

Auth0 Identity Platform, a unit of Okta, has launched the Auth0 Identity Platform on Microsoft Azure. This new cloud deployment option enhances customer choices and scalability while ensuring greater security and data residency capabilities. Organizations can now align their technology stack with Azure, streamlining their customer identity and access management needs. The solution is particularly beneficial for industries requiring stringent data control and compliance, such as retail and financial services. This offering was highlighted during Showcase21 on Oct. 13, 2021.

Okta, Inc. (NASDAQ:OKTA) has announced the rollout of Okta Workflows as a standalone offering, enhancing identity automation for customers. This new service expands the capabilities of identity management beyond Lifecycle Management into advanced security orchestration and DevOps. It features new pre-built connectors and templates, allowing users to implement workflows efficiently.

Customers can start using up to five flows at no cost, facilitating improved security, productivity, and user experience across various applications.

Okta, Inc. (NASDAQ: OKTA) announced its advancements in Customer Identity and Access Management (CIAM) at its annual Showcase event in San Francisco. The event marks the first joint announcement post-Auth0 acquisition. New capabilities introduced include Device Authorization Grant, Branding, and Custom Administrator Roles, focused on enhancing security and user experience. Okta's investment in CIAM leverages a growing $30 billion market opportunity, aiming to provide organizations with improved security and usability. The features are available for early access, with general availability expected in late 2021 and early 2022.

Auth0 Identity Platform, a product unit within Okta, announced the appointment of Bhawna Singh as Senior Vice President of Engineering. Singh brings over 20 years of engineering experience from leadership roles at Glassdoor, Ask.com, and AT&T. Her expertise will be vital in advancing Auth0's technology and enhancing customer solutions. Singh's vision aligns with the company's goals of secure access and continuous innovation in identity management. This leadership change is expected to strengthen Auth0's growth and customer trust.

Okta, Inc. (NASDAQ:OKTA) has achieved a significant milestone by reaching 100% renewable electricity for its global operations and employees’ work-from-home energy consumption for FY22. The company launched the Dynamic Work Greenhouse Gas (GHG) Emissions Study, highlighting that emissions per employee are estimated to be 21% lower in a hybrid work model compared to pre-Dynamic Work levels. This initiative aligns with its Environmental, Social, and Governance (ESG) goals and demonstrates Okta's commitment to sustainability.

Okta, a leader in identity solutions, has been added to the inaugural StateRAMP Authorized Vendor List, ensuring its products meet stringent security standards for government agencies. This recognition underscores Okta's commitment to enhancing digital security amid rising cyber threat concerns. The company’s Identity Platform facilitates efficient identity management for state and local agencies, streamlining processes and bolstering security. Arizona has partnered with Okta over the past four years to implement these identity solutions, highlighting a collaborative approach to digital transformation.

Okta, Inc. (NASDAQ: OKTA), a leading independent identity provider, announced that its management will participate in several investor conferences. Frederic Kerrest (Executive Vice Chairman) will present at the Piper Sandler Global Technology Conference on September 14, 2021. CEO Todd McKinnon will present at Citi's Global Technology Virtual Conference on September 15, 2021. Both presentations will be webcast live and available for replay on Okta's investor relations website. Okta enables secure connections through its Identity Cloud, with over 13,050 organizations relying on its services.