Okta Expands Management Team, Appoints New Chief Financial Officer

Bill Losch Brings 20+ Years of Proven Experience to Manage Company Growth

San Francisco, CA – June 25, 2013 — Today, Okta announced the appointment of Bill Losch as its first chief financial officer, effective immediately. Losch brings more than 20 years of corporate financial experience to Okta, and will play an instrumental role in managing the company's continued growth and expansion.

Losch joins Okta's team during an incredible growth period. Okta has increased its customer count, adding Clorox, National Geographic and London Gatwick Airport as new enterprise customers. In recent weeks, the company announced new functionality aimed at helping organizations with external identity management, and launched a comprehensive new partner program for ISVs, Resellers, and System Integrators.

"Okta solves a fundamental and growing problem for companies trying to manage user access and security across a rapidly growing number of applications, devices and locations," said Bill Losch, CFO, Okta. "The company has generated outstanding results already, and I'm looking forward to helping them scale and build on that success in the years to come."

Prior to Okta, Losch served as CFO at MobiTV, Inc., a leading technology platform provider of multiscreen video delivery services to network operators and service providers, where he was responsible for MobiTV's global finance and accounting, treasury, human resources and legal affairs. Losch also served as the chief accounting officer at DreamWorks Animation, SKG, Inc., as vice president of finance and chief accounting officer at Yahoo! Inc., and has held various leadership positions at Universal Studios, Inc. and KPMG.

"Bill brings great energy, expertise and a proven track record to the CFO position. He will play a critical role in driving Okta's continued growth and our expansion into new markets," said Todd McKinnon, CEO, Okta. "We're excited to have him on the team and draw on his experience, as we continue on our mission to build and extend the Enterprise Identity Network."