Publicly traded identity management company Okta says it is acquiring Auth0, one of its biggest challengers, in an all-stock deal valued at $6.5B
that's a biggie. https://www.cnbc.com/... #oktasponsor #okta Clueless / @clueless_1337 : Turns out $OKTA bought Auth0 and solidified its lead-in IAM. Guess it's a clear monopoly right now! https://www.forbes.com/... https://twitter.com/... Ari Levy / @levynews : HUGE deal for Okta - spending $6.5 bln (21% of its market cap) on rival Auth0 https://www.cnbc.com/... @j0hnnyxm4s : Fewer choices means higher licensing costs and greater risk of breaches in the event of a major vulnerability https://twitter.com/... Jeff Richards / @jrichlive : old school: buybacks new school: invest in growth Love the way “newly public” companies are playing offense (see also: $TWLO) https://twitter.com/... Jamin Ball / @jaminball : Okta acquiring Auth0 is awesome. Purchase price of $6.5B $OKTA https://investor.okta.com/... Corey Quinn / @quinnypig : Allow me to translate this to @awscloud terms: An AWS SSO that knows how to talk about itself is buying an AmazonCognito that developers understand how to use. https://twitter.com/... Antoine Gara / @antoinegara : Interesting deal. Seems like the deal is priced at $276 a share. https://twitter.com/... Thanks: @alexrkonrad
funny market dynamics playing out in reaction to this news: public investors: Okta overpaid! 📉 private investors: Auth0 shouldn't have sold! 📈 https://twitter.com/...
Allow me to translate this to @awscloud terms: An AWS SSO that knows how to talk about itself is buying an Amazon Cognito that developers understand how to use. https://twitter.com/...
A HUGE congratulations to @eugenio_pace & the entire @auth0 team on their $6.5B sale to @okta Also a HUGE milestone for the @BessemerVP Growth fund as @auth0 is our first investment to graduate from the portfolio. A special shoutout to my partners @davidcowan & @mcadonofrio 🙌🏽 ht…
A company is worth $6bn because it lets you log onto gmail and slack with a single login, but had a bad day at the stock exchange because it paid too much for another company that does the same thing, and now I know why VCs are always mad at journalists https://www.cnbc.com/...
Congratulations to @auth0 on its $6.5Bn acquisition by @okta! We are proud to have had you in the @BessemerVP Growth portfolio 🥳 cc: @davidcowan @TheValuesVC https://twitter.com/...
I'm happy for the Auth0 team who deserve the riches I hope they'll see from this sale. For everyone else, I'm afraid this is pretty bad news :( Okta basically becomes a monopoly in the space now. https://twitter.com/...