Okta, Inc. has made a deal to acquire Permiso, a cybersecurity firm that specializes in identity threat detection and response. The acquisition will extend Okta's offerings beyond identity management and into the realm of security operations. With this move, Okta aims to position itself more directly in the identity threat detection and response market.
The deal is reportedly worth approximately $90 million, with Permiso's founders and key employees set to join Okta's management team. Permiso's technology will be integrated into Okta's existing security platform, enhancing the company's ability to detect and respond to identity-related threats.
Okta's acquisition of Permiso is seen as a strategic move to bolster its security offerings and expand its reach in the identity threat detection space. This move will enable Okta to better compete with other major players in the identity threat detection market.
The acquisition is expected to be completed in the second half of 2023, pending regulatory approvals and other customary closing conditions.
According to a statement from Permiso, the company's founders and key employees will be joining Okta's management team, and Permiso's technology will be integrated into Okta's existing security platform.
Okta's CEO, Fred Humphrey, stated that the acquisition will allow Okta to provide a more comprehensive security solution to its customers, including identity threat detection and response capabilities.
Permiso's founders, Joseph Perkins and Alain Valette, will join Okta's management team as part of the acquisition. Joseph Perkins will serve as the Senior Vice President of Identity Threat Detection at Okta, while Alain Valette will serve as the Senior Vice President of Engineering at Okta.
The acquisition is also expected to bring significant cost savings to Okta, as Permiso's technology will be integrated into Okta's existing security platform.
In a statement, Okta's CEO Fred Humphrey said, "We're excited to bring Permiso's identity threat detection and response capabilities to our customers, and we believe this acquisition will enable us to provide a more comprehensive security solution to our customers."
Permiso's technology will be integrated into Okta's existing security platform, enhancing the company's ability to detect and respond to identity-related threats.
The acquisition is expected to be completed in the second half of 2023, pending regulatory approvals and other customary closing conditions.
Okta's CEO, Fred Humphrey, said, "The acquisition of Permiso will allow us to provide a more comprehensive security solution to our customers, including identity threat detection and response capabilities."
The acquisition is also expected to bring significant cost savings to Okta, as Permiso's technology will be integrated into Oka's existing security platform.
The acquisition is expected to be completed in the second half of 2023, pending regulatory approvals and other customary closing conditions.
According to a statement from Permiso, the company's founders and key employees will be joining Okta's management team, and Permiso's technology will be integrated into Okta's existing security platform.
Permiso's founders, Joseph Perkins and Alain Valette, will join Okta's management team as part of the acquisition. Joseph Perkins will serve as the Senior Vice President of Identity Threat Detection at Okta, while Alain Valette will serve as the Senior Vice President of Engineering at Okta.
The acquisition is expected to be completed in the second half of 2023, pending regulatory approvals and other customary closing conditions.
The acquisition is expected to bring significant cost savings to Okta, as Permiso's technology will be integrated into Okta's existing security platform.
The acquisition is expected