Okta Advances Customer Identity with Auth0 and New Okta Features
Okta, Inc. (NASDAQ: OKTA), the leading independent identity provider, today will announce continued growth and advancements in both Okta's and Auth0's Customer Identity and Access Management (CIAM) offerings at the company's annual Showcase event. Marking the first joint event since the Auth0 acquisition closed in May, the team will share their vision to jointly grow the CIAM market, and unveil new capabilities from Okta's Customer Identity products, including Device Authorization Grant, Branding, and Custom Administrator Roles. The live-broadcasted event from company headquarters in San Francisco will commence at 9:30AM PT at okta.com/showcase.
The development time and continuous optimization required to deliver safe and superior digital experiences across devices and applications is increasingly burdensome and complex for companies in today's marketplaces. It requires customization per application, specific coding, and additional security measures to protect against the evolving threat environment. The risk of security and deterioration of the end user experience is a key challenge. Identity is the common foundation on which organizations can build both secure and frictionless experiences. A new era of identity-first security has emerged as a result and is driving demand for CIAM. Early adopters of CIAM now have a distinct competitive edge.
Okta's acquisition and continued investment in Auth0 is at the center of this growing demand and massive $30 billion market opportunity for CIAM. Okta announced its plan to operate as one combined company, with two CIAM product units across both Okta and Auth0, providing customers with more choice in how they want to deploy CIAM.
Okta and Auth0 enable organizations to deploy digital customer-facing experiences that overlay security, governance, privacy, and engagement policies throughout a customer journey, without making tradeoffs to usability. The growth of each platform and the benefits they bring to varied use cases is why Okta will continue to invest in both.
Continued investment in Okta's CIAM offering includes the release of key new capabilities, including:
"Verisk is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services," said Atul Bahl, Vice President of Cloud Infrastructure, Verisk Analytics. "As a data-focused organization, security is of the utmost importance to us. Okta's Custom Administrator Roles allow us to follow the principle of least privilege and only grant admins access to the tasks they need to perform across our many business units. We save time for our internal teams and ensure the best-in-class security of our customer applications."
"Identity sits at the core of all digital experiences and provides the security, agility, and usability needed to quickly adapt to any current or future challenge," said Todd McKinnon, CEO and co-founder, Okta. "Together, Okta and Auth0 deliver the most comprehensive approach to customer identity. We are investing in and supporting both platforms, and we are proud to empower our customers to choose with confidence."
Okta's new features, including Device Authorization Grant, Branding, and Custom Administrator Roles, are all available today in early access. Customers can opt-in to use all three new capabilities in the Okta Admin Dashboard. Device Authorization Grant and Branding will be generally available in Q4 2021 and Custom Administrator Roles will be generally available in Q2 2022.
Customers can opt-in to use all three new capabilities in the Okta Admin Dashboard. For more information, visit: okta.com/customer-identity
Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential. More than 13,050 organizations, including JetBlue, Nordstrom, Siemens, Slack, Takeda, Teach for America, and Twilio (News - Alert), trust Okta to help protect the identities of their workforces and customers.
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