Story image

Okta celebrates going public on the Nasdaq Stock Market

10 Apr 2017

​Okta recently visited the Nasdaq MarketSite in Times Square in celebration of its initial public offering (IPO) on the Nasdaq Stock Market.

The enterprise software company focuses on identity and access management and is headquartered in San Francisco, but is quickly becoming a household name in Asia Pacific (APAC) with great inroads in Australia and New Zealand.

According to Okta, every business day more than two million people around the world use their offerings to access a wide range of cloud applications, websites, mobile applications and services from a multitude of devices.

Organisations also use Okta's platform to provide their customers with more modern experiences online and to connect with partners to streamline their operations. Developers leverage Okta's platform to securely embed identity into their software.

Okta chief executive officer and co-founder, Todd McKinnon says they founded the company to enable any organisation to use any technology, and he believes identity is the key to making that happen.

“The Okta Identity Cloud helps organizations effectively harness the power of cloud and mobile technologies by securing users and connecting them with the applications they rely on," says McKinnon.

"The IPO on Nasdaq is an exciting milestone and underscores our long-term commitment to customer success and our great team."

Executive vice president and head of global listings at Nasdaq, Nelson Griggs says they’re excited to welcome Okta into their family of leading and disruptive technology companies.

"Cloud computing has been a momentous technological transformation for organisations of all sizes and across every industry,” says Griggs.

“We are truly proud that Okta chose Nasdaq as its listing partner as the company continues to help organisations effectively harness the power of cloud."

In a statement released to Okta employees on the day of the IPO by McKinnon and chief operating officer and other co-founder, Frederic Kerrest, they asserted that while the technology landscape and identity industry both have changed considerably since 2009, they’re most proud that Okta’s identity hasn’t.

Data center colocation market to hit $90b in next five years
As data center services grow in popularity across enterprises large and small, the colocation market is seeing the benefits in market size.
Automation beginning to impact Aussie workforce
18% of those surveyed said automation has already impacted their job ‘significantly’, with their duties changing or their role becoming redundant.
OVH launches public cloud down under
OVH Public Cloud services is expanding to Australia out of two data centres - one in Sydney and one in Singapore.
Acer’s new programme and portal for partners
A simple and manageable programme designed to incentivise, recognise and reward commercial partner achievements.
Interview: Culture and cloud - the battle for cybersecurity
ESET CTO Juraj Malcho talks about the importance of culture in a cybersecurity strategy and the challenges and benefits of a world in the cloud.
In ongoing cloud war, Google to acquire data migration specialist
Google is currently behind AWS and Microsoft in the cloud battle, and it would seem this play is an attempt to claw some ground back.
Ping Identity Platform updated with new CX and IT automation
The new versions improve the user and administrative experience, while also aiming to meet enterprise needs to operate quickly and purposefully.
Venafi and nCipher Security partner on machine identity protection
Cryptographic keys serve as machine identities and are the foundation of enterprise information technology systems.