Okta Closes Acquisition of Azuqua

Futhers innovation in lifecycle management, application workflows and automation

SAN FRANCISCO — March 19, 2019 — Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced that it has closed the acquisition of Azuqua, a leader in no-code, cloud-based business application integration and workflow automation. Together, Okta and Azuqua will provide organizations with a neutral, independent control center for automating the business processes and the flow of identities between applications and services for everyone in an organization — from employees to partners, and customers.

Okta invested early in automation for provisioning and deprovisioning apps and services with Okta’s Lifecycle Management product. With Azuqua, connectors are pre-built and maintained, and workflows can be defined without code — ultimately enabling companies to deliver connected digital experiences across the organization and deliver tailored, repeatable customer journeys. The unifying power of identity through the Okta Identity Cloud combined with Azuqua’s modern, simple integration platform will enable customers to automate more of their business processes and connect to even more apps.

“We’re thrilled to bring on the Azuqua team to further our mission of enabling any organization to use any technology,” said Frederic Kerrest, Chief Operating Officer and co-founder of Okta. “As organizations of every size and industry move to the cloud, they often struggle to make technologies work together and manage them at scale. Azuqua’s power to connect applications will multiply the benefits of The Okta Integration Network for Okta’s customers, enabling them to unlock data, create seamless business processes and eliminate cloud silos.”

Collectively, the Azuqua team has decades of experience building enterprise technology products, coming from companies like Microsoft, Tableau, VMware, Telstra and IBM. Nikhil Hasija, founder and chief product officer, 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.

Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to the benefits that will be derived from this transaction. These forward-looking statements are based upon the current expectations and beliefs of Okta’s management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including, without limitation, the risk of adverse and unpredictable macro-economic conditions and risks related to integration of the companies. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and Okta disclaims any obligation to update these forward-looking statements.