Okta Inc - Company Profile
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Business Description
Okta Inc (Okta) provides cloud-based identity management solutions for business enterprises. The company’s Okta Identity platform offers unified identity access management and identity governance solutions. The company provides Workforce Identity and Customer Identity Cloud platforms. Its key partners include Amazon Web Services (AWS), CrowdStrike, Google, LexisNexis Risk Solutions, Microsoft, Netskope, Palo Alto Networks, Plaid, Proofpoint, Salesforce, ServiceNow, VMware, Workday, Yubico and Zscaler. It sells products directly through the sales team, and indirectly through the network of channel partners, including resellers, system integrators, and other distribution partners.
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R&D Overview
The company’s R&D strives to design, create, and develop new features into the Okta Identity Cloud platform. It focuses on innovating and extending the platform with new products. The company also focusses on improving test automation and application monitoring services for identity management solutions. As of January 2024, the company had 52 issued patents in the US and 73 issued patents outside of the US. In FY2024, the company incurred expenses of US$656 million on R&D, which as a percentage of revenue, stood at 28.9%.
Geographical Segments
Performance
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Performance
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