Industry Recognition Comes As Okta Adds New Customers To Enterprise Identity Network
San Francisco, CA - June 4, 2014 – Leading analyst firm, Gartner Inc., has positioned Okta in the Leaders quadrant of its Magic Quadrant for Identity and Access Management as a Service (IDaaS), published by Gregg Kreizman on June 2. This news comes on the heels of Okta’s best fiscal quarter in company history, in which it added customers to its Enterprise Identity Network.
"With the continued proliferation of cloud applications, increased mobile adoption, and the growing need for business-to-business collaboration, IDaaS has emerged as one of the largest and fastest growing segments of the identity market,” said Eric Berg, Chief Product Officer at Okta. “As a pure multi-tenant cloud based offering, we’re uniquely able to address this market in ways that legacy providers can’t. Looking ahead, we not only see an opportunity for IDaaS to leapfrog on-prem providers in terms of market share, but we also see an incredible opportunity to expand the market with new solutions that can only be addressed with a cloud-based service like Okta."
In the last six months, Okta grew its customer base, recently signing distinguished brands such as Tommy Bahama, Chiquita Brands, Noble Corporation and Seton Hall University. In the past year, Okta also grew in headcount and expanded operations to Europe.
"Our continued growth and momentum, along with Gartner’s industry recognition, make this an exciting time for Okta,” said Todd McKinnon, CEO of Okta. “When we founded Okta five years ago, we bet big on cloud and mobile – knowing they would foster the need for a broader approach to identity; one that strives to securely connect every person, application, device and organization via a cloud-based solution. We feel that while we’re still working towards that mission, our customers and leading industry experts agree with the direction in which we’re headed."
For more information about the IDaaS Magic Quadrant, please visit: https://www.okta.com/resources/okta-leader-gartner-magic-quadrant-idaas/.
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