Okta to Acquire Azuqua to Connect Enterprise Business Applications

Okta, Inc. (NASDAQ:OKTA), an independent provider of identity for the enterprise, entered into a definitive agreement to acquire Azuqua, a Seattle, WA-based leader in no-code, cloud-based business application integration and workflow automation.

The amount of the deal was not disclosed.

Together, Okta and Azuqua will provide organizations with a neutral, independent control center for automating the business processes and the flow of identities between applications and services for everyone in an organization— from employees to partners, and customers.

The proposed acquisition is expected to close during Okta’s fiscal first quarter, subject to the satisfaction of certain closing conditions.

Okta invested early in automation for provisioning and deprovisioning apps and services with its Lifecycle Management product. With Azuqua, connectors are pre-built and maintained, and workflows can be defined without code — enabling companies to deliver connected digital experiences across the organization and deliver tailored, repeatable customer journeys. The combination of identity through the Okta Identity Cloud combined with Azuqua’s integration platform will enable customers to automate their business processes and connect to more apps. IT teams will be able to use pre-built connectors and logic to create streamlined processes and increase operational speed. Product teams will be able to embed this technology in their own applications alongside its core authentication and user management technology to build integrated customer experiences.

Nikhil Hasija, founder and chief product officer, will join Okta’s engineering team to help lead the company’s workflow automation strategy, beginning with the integration of Azuqua’s workflow offering into Okta’s Lifecycle Management product.

Based in San Francisco, CA, and San Diego, CA-based Okta is an independent provider of identity for the enterprise. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time via over 6,000 pre-built integrations to applications and infrastructure providers. Over 6,100 organizations, including 20th Century Fox, JetBlue, Nordstrom, Slack, Teach for America and Twilio, use Okta to protect the identities of their workforces and customers.

FinSMEs

11/03/2019