Executive Salary
avg.$250,724
Okta
Information Technology/Internet/Internet Services
San Francisco, CA, United States
Description
Founded in 2009 and headquartered in San Francisco, California, Okta, Inc. is a publicly traded company specializing in cloud-based identity and access management solutions. The company employs approximately 6,000 employees and serves a wide range of B2B customers across various industries. Its core offerings include the Workforce Identity Cloud and Customer Identity Cloud, which facilitate secure digital access for organizations. As of the most recent data, Okta generates an annual revenue of $1.87 billion, reflecting its significant presence in the technology sector.
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Company Trajectory
Okta, Inc., headquartered in San Francisco, California, United States, was founded in 2009 to provide cloud-based identity management solutions, focusing on secure user authentication and access management for enterprises. Since its inception, Okta has evolved from an innovative start-up to a prominent provider of identity and access management platforms. Key milestones include broadening its market reach and the continuous expansion of its product offerings to address workforce and customer identity needs. The organization remains dedicated to advancing enterprise security and plans to further extend its solutions to support an increasingly digital and interconnected global market.
Financial Setup
Okta is a publicly traded company serving business-to-business (B2B) customers. With a workforce of approximately 5,900 employees, Okta’s personnel are distributed across multiple regions, supporting global operations. The company has maintained a consistent growth trajectory, delivering cloud-based solutions for organizations of varying sizes. Okta's business model centers on providing comprehensive identity and access management services, with its current suite of products comprising the Workforce Identity Cloud and Customer Identity Cloud. Revenue and financial performance continue to reflect the growing demand for secure digital identity solutions by enterprise clients.
Development & Outlook
In recent years, Okta has focused on strengthening and diversifying its product suite, notably with offerings such as Single Sign-On, Multi-Factor Authentication, Lifecycle Management, and API Access Management. As of January 31, 2024, Okta held 52 issued patents in the United States and 73 internationally, underscoring its investment in research and development. Sustainability and social impact are also integral, with initiatives to address climate-related risks, encourage science-based targets among vendors, and facilitate solar energy access in underserved communities. The 'Okta for Good' initiative channels significant resources toward social innovation and inclusion. Okta’s forward vision emphasizes fostering a diverse and inclusive workforce while continuing to enhance products in response to evolving cybersecurity challenges.