Menu
Okta to pay $74.5M for workflow automation provider

Okta to pay $74.5M for workflow automation provider

Set to acquire Azuqua by the end of April

Credit: Okta

Identity management vendor Okta has entered into a definitive agreement to acquire US-based Azuqua, a cloud-based business application integration and workflow automation provider, for up to $74.5 million (US$52.5 million).

Okta, who listed on Nasdaq in April 2017, closed its 2019 fiscal year with US$399 million revenue, or a 56 per cent year-over-year growth.

The acquisition is expected to be completed by the end of April 2019.

By combining Okta's Identity Cloud with Azuqua's integration platform, Okta's customers will be able to automate more business processes and connect more apps.

IT teams will be able to use pre-built connectors and logic to create streamlined processes and increase operational speed, according to Okta.

Product teams will be able to embed this technology in their own applications alongside Okta’s core authentication and user management technology to build delightful, integrated customer experiences.

"Azuqua’s power to connect applications will multiply the benefits of the the Okta Integration Network for Okta’s customers, enabling them to unlock data, create seamless business processes and eliminate cloud silos," Okta COO Frederic Kerrest said.

"We look forward to bringing on the Azuqua team to further our vision to enable any organisation to use any technology."

Azuqua founder and chief product officer Nikhil Hasija 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.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags acquisitionOktaAzuqua

Events

Why experience is the new battleground for partners

Join us for an exclusive webinar, in association with Hewlett Packard Enterprise and Technology Services Industry Association (TSIA) and learn about the latest industry insights and how technology services continue to evolve to deliver differentiated value, and how partners can be successful in 2021 and beyond.

Featured

Slideshows

Channel kicks 2021 into gear as After Hours returns to Auckland

Channel kicks 2021 into gear as After Hours returns to Auckland

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Pantry at Park Hyatt in Auckland to kick-start 2021.

Channel kicks 2021 into gear as After Hours returns to Auckland
The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Show Comments