Prashant Saxena Business briefing Okta
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Okta is an identity and access management company headquartered in San Francisco with over 800 employees worldwide. Founded in 2009, Okta aims to enable any company to use any technology and be the global leader in cybersecurity and identity governance. Okta's Identity Cloud platform offers universal directory, single sign-on, multi-factor authentication, lifecycle management, mobility management, and API access management to over 3,100 customers across industries in over 185 countries. While competitors offer lower pricing, Okta sees continued revenue growth and aims to maintain its position as a leader in identity solutions.
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Prashant Saxena Business briefing Okta
- 2. Agenda • Company Overview • Vision • Products and Services • Benefits of Okta • Pricing • Competitors • Business Performance
- 3. Company Overview HQ in San Francisco. Offices in Amsterdam, Toronto and Sydney 800+ employees worldwide 3 Okta Founded in 2009 by ex- Salesforce employees Todd McKinnon and Frederic Kerrest Pioneered Identity and Access management
- 4. Okta’s vision is to enable any company to use any technology and be the global leader in Cybersecurity and Identity Governance ManufacturingSupply Partners Marketing Finance File Share Exchange and Active Directory Salesforce CRM Human Resources System Oracle Financials Purchasing System ITExecutives Sales Finance Many types of users: inside and outside the organization Many types of resources: apps, platforms, databases, directories Protect customers from data breaches and thefts
- 5. All Your Devices Desktop, Laptops, Tablets, Smartphones, All Your People Employees, Customers, Partners, Contractors Products and Services - Okta Identity Cloud Okta Identity Cloud is made up of 6 individual products on a unified platform: • Universal Directory • Single Sign On • Multi Factor Authentication • Lifecycle Management • Mobility Management • API Access Management
- 6. Industry recognition • Recognition by Gartner as leader and visionary in Identity management • Won “Most Innovative Enterprise Product of the Year” at the UK Cloud Awards Global customers • 3,100 customers+ across different industries in over 185 countries • Customers include firms such as Century Fox, Adobe, Experian, Pitney Bowes, and NASDAQ Benefits of Okta 6 Complete Identity Management Solution • Integration with 5000+ cloud apps • Works for cloud, on- premises and mobile • Enhanced Security and Compliance
- 7. Pricing Universal Directory- $1 per month per user Single Sign On - $2 per month per user Lifecycle Management- $4 per month per user Mobility Management - $4 per month per user
- 8. Competitors • Expensive product or service. Competitors charge lower price. • Major competition with Microsoft Azure Directory • Potential of acquisition by firms such as IBM , Oracle and Google • Lost ground to Sailpoint IdentityIQ in on-premises identity services
- 9. Okta Business Performance • Revenue increased from $41.0 million in fiscal 2015 ,$85.9 million in fiscal 2016 and $160 million in fiscal 2017 • Okta incurred net losses of $54.9 million and $65.9 million in 2015 and 2016 and expects net losses in the foreseeable future • Okta went public in April, 2017 and currently valued at $1.54 billion 9
- 10. Thank You