Okta acquihires Stormpath, doubles down on identity in apps and APIs
Okta, the $1.2 billion identity management startup for enterprises that some tip for an IPO this year, has made an acquisition of sorts to expand one of its newer lines of business: managing IDs across APIs and apps. Today the San Francisco-based company announced that it has picked up the team from Stormpath, an early mover in providing a way for developers to implement authentication, authorization and user management into web and mobile apps by way of an API and a few lines of code. On top of this, the company has acquired a license to use Stormpath’s technology. Financial terms of the deal are not being disclosed.