SAN FRANCISCO — March 5, 2020 –– Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced Zurich North America, one of the largest providers of insurance solutions and services, has successfully implemented the Okta Identity Cloud to securely manage and streamline access to critical technology for its global workforce and customer base. Okta also announced financial results for its fourth fiscal quarter, and FY20, as well as new customers and expanded partnerships in Q4 FY20, including Autodesk, Best Western Hotels, Bremer Bank, Canadian Western Bank, Eaton, First National Bank of Nebraska, Nomad Foods, NTT DATA, Nvidia, and SmileDirectClub.
“In order to survive and thrive in today’s competitive landscape, every company must become a technology company. As a result, companies of all sizes and across industries are investing in the technologies to streamline processes, reduce costs, drive revenue, and protect their people and information,” said Todd McKinnon, Chief Executive Officer and co-founder, Okta. “At Okta, we’re committed to empowering the world’s largest organizations, such as Zurich North America, to make this shift, while ensuring we secure identities across their organizations.”
Zurich North America’s customers represent industries ranging from agriculture to construction and include more than 90 percent of the Fortune 500. The company was using multiple solutions to manage identity and access for its employees and customers, and recognized that standardizing would be critical to its digital transformation. Zurich North America selected the Okta Identity Cloud to consolidate identities across its 9,000 employees, including corporate and field agents, and its customers. The company was able to migrate authentication for 46 customer and partner applications from on-premises solutions like CA SiteMinder to the Okta Identity Cloud in less than two months.
“Zurich North America is on a mission to help our customers understand and mitigate risk. In order for us to achieve this mission, our customers and employees need to have secure access to their critical information, whenever and wherever they need it,” said Adam Page, Chief Information Security Officer, Zurich North America. “With the Okta Identity Cloud, we now have a single solution for managing identities and access for our workforce and customers, enabling customers to seamlessly access their critical information, and streamlining processes for our IT team.”
In the fourth quarter of FY20, Okta grew its total customers to more than 7,950 organizations.