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Okta, Inc. develops identity and access management software for workforces, customers, developers, AI agents, users, employees and partners. News about the company centers on the Okta Platform, Auth0 customer identity capabilities, authentication and authorization, AI-agent security frameworks, and customer deployments that consolidate identity management across digital properties.
Recurring updates also include quarterly and annual financial results, subscription revenue trends, remaining performance obligations, investor conference appearances, Regulation FD disclosure practices, Okta Ventures identity reports, and governance or leadership matters. The company’s announcements commonly frame identity as a security control layer for cloud, on-premises, human, machine and AI-related access.
Okta, Inc. (NASDAQ:OKTA) has appointed Jeff Epstein, former CFO of Oracle, to its board of directors as audit committee chair, effective May 25, 2021. With over 30 years in financial leadership, Epstein aims to leverage his extensive knowledge in enterprise software to contribute to Okta's growth in identity solutions. This appointment coincides with Okta's business momentum, following its acquisition of Auth0 and the launch of new products, Okta Identity Governance and Okta Privileged Access Management, targeting digital transformation and zero trust security.
Okta, Inc. (NASDAQ:OKTA) announced expansion in the public sector with deployments in Kansas and Iowa. The Kansas Department of Labor utilized Okta's solutions to combat fraudulent unemployment claims, stopping over 7.68 million bot attempts. Iowa has adopted Okta's identity solutions for its 25,000 employees, facilitating access to online services for citizens. In Q1 fiscal 2022, Okta added over 10,650 customers and revealed new leadership and product innovations, including advancements in Identity Governance and Privileged Access Management. The company completed the acquisition of Auth0, furthering its growth.
Okta reported strong financial results for Q1 FY22 with total revenue of $251 million, a 37% increase year-over-year. Subscription revenue reached $240 million, up 38%. Remaining Performance Obligations (RPO) grew by 52% to $1.89 billion. However, the company recorded a GAAP net loss of $109 million, worsening from the previous year's $58 million net loss. The acquisition of Auth0 is set to enhance Okta's identity platform, driving growth in the $80 billion identity market.
Okta, Inc. (NASDAQ:OKTA) has successfully completed its acquisition of Auth0, valued at approximately $6.5 billion. This strategic acquisition aims to expand Okta's reach in the $80 billion identity market, enhancing its offerings in secure digital access for customers and employees. Auth0 will function as an independent unit, led by its CEO, and will synergize with Okta's existing services to foster innovation. The transaction is expected to create substantial value for both companies in terms of market expansion and customer flexibility.
Okta, Inc. (NASDAQ: OKTA) will release its financial results for the first quarter of fiscal 2022 on May 26, 2021, post U.S. market close. A live video webcast discussing these results will take place at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The Okta Identity Cloud enables secure connections across organizations, with over 7,000 integrations and more than 10,000 clients, including notable companies like JetBlue and T-Mobile. Investors can access the press release and webcast on Okta's investor relations website.
Okta, Inc. (NASDAQ:OKTA) announces the appointment of Steve Dodenhoff as SVP of Worldwide Partners and Alliances, reporting to Chief Revenue Officer Steve Rowland. Dodenhoff will oversee Okta’s go-to-market strategy and sales revenue across its global partner ecosystem. Rowland praised Dodenhoff’s strong record in building enterprise software companies. Dodenhoff expressed enthusiasm for enhancing Okta's partner ecosystem to accelerate customer success. With over 7,000 integrations, Okta remains a leader in identity solutions, trusted by more than 10,000 organizations worldwide.
Okta, Inc. (NASDAQ:OKTA) has launched Okta Privileged Access at Oktane21, enhancing identity management and Zero Trust security. This product simplifies privileged access for hybrid and multi-cloud environments, addressing the slow adoption of security policies. It offers just-in-time access using ephemeral credentials, enabling organizations to mitigate risks, reduce operational burdens, and accelerate deployment. Okta Privileged Access will be available in Q1 2022, streamlined for faster security and compliance outcomes across enterprise infrastructures.
Okta, Inc. (NASDAQ:OKTA) launched Okta Identity Governance at the Oktane21 event, introducing a modern cloud-first solution for identity governance and administration. It tackles the challenges of user access in today's dynamic work environments. The product enhances user productivity and IT efficiency by automating access provisions and compliance reporting, while also improving security by maintaining least privilege access. T-Mobile highlights Okta's role in empowering employees with modern tools, showcasing the platform's impact on productivity and compliance.
Okta (NASDAQ:OKTA) has announced its commitment to achieving 100% renewable electricity for its global real estate footprint by 2022, as stated at Oktane21. This initiative aims to reduce greenhouse gas emissions and highlights the company’s long-term climate action strategy. Key actions include transparency in emissions impact, adoption of energy-efficient practices in new offices, collaboration with coalitions on climate initiatives, and support for climate justice projects. In FY21, Okta purchased renewable energy certificates equivalent to its North American office electricity consumption.
Okta, Inc. (NASDAQ:OKTA) announced at Oktane21 the expansion of its Okta Integration Network. This expansion enhances integrations in risk and fraud, customer data orchestration, data privacy, compliance, and software development. Key features include new no-code automation connectors and a Risk Ecosystem API to improve security and customer experience. With over 7,000 integrations, Okta aims to simplify identity management as digital transformation accelerates.