Today: Jun 14, 2024

Okta acquires Spera, boosting identity security in $100M+ deal!

6 months ago

Okta Inc. has announced its acquisition of identity security startup Spera Cybersecurity Inc. in a deal reportedly worth between $100 million and $130 million, depending on performance milestones. The acquisition is expected to close by Feb. 1 and will not affect Okta’s financial guidance. Okta provides software for processing login requests to applications, and the acquisition of Spera will allow the company to expand its presence in the identity threat detection and response (ITDR) segment. Spera’s platform maps out user accounts across an organization’s applications and flags accounts with insecure settings that should be removed to reduce the risk of cyberattacks. This acquisition complements Okta’s recent additions to its product suite, including Okta Privileged Access and an AI tool for detecting and blocking malicious account activity [SiliconANGLE].